MobilePro Corp. Closes Acquisition of EXP Internet Services Deal Expected To Add Nearly $1 MM In Revenue, Be Accretive To MobilePro 2004 Earnings
BETHESDA, Md., Mar 2, 2004 /PRNewswire-FirstCall via COMTEX/ -- MobilePro Corp. (OTC Bulletin Board: MOBL) announced today the company has closed its previously announced acquisition of EXP Internet Services, an Internet services provider based in Beaumont, Texas.
MobilePro President and CEO Jay Wright said, "The acquisition of EXP Internet Services represents another significant step forward for MobilePro as we continue to build our telecommunications platform. EXP brings us both VOIP capability, which I believe to be the future of voice telecommunications, and a CLEC license, along with approximately $1 million in revenue. We expect this will be accretive to our 2004 earnings and will fit well with our recent acquisition of Nationwide Internet."
In January, MobilePro acquired Nationwide Internet, a national Internet services provider based in Hurst, Texas and operating in 30 states. In February, MobilePro signed a letter of intent to acquire August.net, a Dallas, Texas-based Internet service provider (www.august.net) That deal, which is expected to be completed in April, is projected to add more than $1.5 million in annualized revenue and to be accretive to MobilePro's 2004 earnings.
Founded in 1994, EXP Internet Services is one of the leading ISPs in southeast Texas. The company provides broadband and dial-up services, web hosting and VOIP telephone service.
An investment profile about MobilePro Corp. may be found online at www.hawkassociates.com/mobilepro/profile.htm. For more information on EXP Internet Services, please go to www.exp.net.
For more information, contact MobilePro CEO, Jay Wright at (301) 315-9040. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: info@hawkassociates.com. Detailed information about MobilePro can be found on the website www.mobileprocorp.com. An online investor kit including copies of MobilePro press releases, current price quotes, stock charts and other valuable information for investors may be found on the websites www.hawkassociates.com and www.hawkmicrocaps.com.
SOURCE MobilePro Corp. CONTACT: Jay Wright, MobilePro, +1-301-315-9040; or Frank Hawkins or Julie Marshall, both of Hawk Associates, +1-305-852-2383, or info@hawkassociates.com, for MobilePro URL: http://www.mobileprocorp.com
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