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Thursday, April 17, 2008 10:21:00 AM
Strata Capital Corp. Announces Negotiations for Contract Valued at $2,500,000
Thursday April 17, 9:23 am ET
CHARLOTTE, N.C.--(BUSINESS WIRE)--Strata Capital Corp. (Pink Sheets: STRP) announced today it is in negotiations to purchase a long-term recurring-revenue contract valued at $2.5 million.
The Company has engaged in negotiations to purchase a contract which provides residential technology services in a single-family residence community in western North Carolina. The Citadel Group will install the necessary infrastructure and provide the services called for under the contract.
“With Citadel Group as our ally in the residential technology market, we can continue to expand our holdings of recurring revenue contracts. Consumers are excited about the service offerings which allows for continued growth in this market,” said Mr. Kolaczek, President of Strata Capital Corporation.
The Citadel Group manages and coordinates a world-class team of service providers such as GE, Intel and YRT2 to deliver homeowners and entire communities with the latest in cutting-edge technology, energy management, security, and entertainment. Through alliances with these industry leaders, Citadel Group clients receive white-glove concierge service in their homes to consult with and provide them unique and exclusive products and services, to include:
GE™’s Ecomagination™ Energy Management Solutions
Intel™ Viiv™ Media and Entertainment Content Management Servers
24/7 Home and Mobile Security Monitoring
Telehealth Medical Monitoring and Reporting
In-Home IT and Computer Support
Full Fiber To The Home (FTTH) network design, management, and maintenance for Voice, Video, Data, and Security Monitoring service provision
Citadel Group works with both new construction communities, as well as existing homes and has offices in Charlotte, NC; San Antonio, TX; and Austin, TX; and has over 80,000 homes under contract or in negotiations to provide service over the next year.
Strata Capital Corp. acquires holds and sells long-term recurring-revenue contracts. To date, the contracts have primarily been in the residential technology sector providing services such as but not limited to:
Residential Telephone
High-Speed Internet
Cable Television
Home-Security Monitoring
Share Structure Information:
Authorized Shares 5,000,000,000
Outstanding Shares 746,599,009
Public Float 2,000,000
This press release contains certain forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
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