-------------------------------------------------------------------------------- TOMBALL, TX, Apr. 22, 2004 -- LitFiber Inc. (OTC: LTBI ), a provider of wireless and IT professional services, announces it has initiated acquisition discussions with full service security solutions firm Guardian Technology.
The acquisition would immediately offer LTBI the ability to pursue opportunities in the Department of Homeland Security and law enforcement sector while leveraging LTBI’s expertise in the communications industry. Discussions have evolved from the logical intersection of the IT industry and the rapidly expanding government, law enforcement and security industries.
The potential Guardian Technology acquisition would augment LTBI’s previously announced letter of intent to acquire Email 2 Phone and their forecast $1.4 million in annualized revenue and assets. Both acquisitions would likely be accretive to Litfiber’s fiscal 2004 earnings.
“The demand for information technology expertise and solutions in the security arena has reached a fever pitch,” said John D. Jarvis Jr., Chairman and CEO of LTBI. "Guardian’s existing contacts in the Caribbean and the US would be crucial in launching LTBI’s products to both Caribbean nations and the relevant branches of U.S. government, including the Department of Homeland Security."
Guardian Technology presently operates in both the United States and the Caribbean, offering an array of security services complete with a central monitoring facility. Opportunities in the homeland security sector have allowed Guardian Technology to diversify and grow its operations, thereby expanding the services provided to clients.
LitFiber is a full service, engineering based Fixed Wireless, Online Web Development and Telecommunications Company, specializing in wireless business communication systems, system integration, computer telephony software deployment, IP telephony, data networking and unparalleled customer service achieved through innovative team concepts. Founded by John D. Jarvis Jr., LitFiber built its business first and foremost by providing the customer cutting edge solutions based on real world needs that could only be solved by custom design. Please visit www.litfiber.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the company's products and services, the availability to the company of adequate financing to support its anticipated activities, the ability of the company to generate cash flow from operations and the ability of the company to manage its operations.
John D. Jarvis Jr. Chairman/CEO Litfiber Inc. John@Litfiber.com Vox: 281.255-9424, ext. 100 ITALK2U: Jarvis Back to top --------------------------------------------------------------------------------
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