NEWS (AWYI)- Ariel Closes Acquisition of Syrei Holding UK Ltd.
VIENNA, Va., Feb. 21, 2008 (PRIME NEWSWIRE) -- Ariel Way, Inc. (OTCBB:AWYI) announced today that the Company on February 20, 2008 completed the First Closing to acquire Syrei Holding UK Ltd., a UK and Sweden-based telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (www.syrei.com). The transaction agreement will separately be filed with SEC.
Arne Dunhem, Ariel Way CEO, said, "I am very pleased with the First Closing of the Syrei transaction. To consolidate Syrei's operation with us is a significant step in our plan of building Ariel Way into a significant media player, both in the US and also overseas. It is also critical for continuing to build strong shareholder value. I am also very pleased and honored to work with Syrei CEO Thomas Strangert's team of highly skilled technical experts. For over ten years they have been successfully providing and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia."
Thomas Strangert, CEO of Syrei, said, "We are very pleased with the First Closing with Ariel Way and we believe we can support in growing Ariel Way to a strong player in the media field. We are looking forward to working with Ariel Way's Digital Signage activities in Europe and Asia in addition to continue to expand our current customer base on a worldwide basis."
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