Competitive Companies, Inc. Announces Letter of Intent to Acquire Surfs Global
SAN ANTONIO, Sept. 21 /PRNewswire-FirstCall/ -- Competitive Companies, Inc. (CCI) (OTC Bulletin Board: CCOP) announced today it has signed a Letter of Intent to acquire Surfs Global. This acquisition is consistent with the CCI Strategic Business Plan. The value to customers and stakeholders of both companies is significantly enhanced by this merger. Surfs Global serves rural northern Illinois with a network that covers nearly 600 square miles.
In announcing the Letter of Intent, Dr. Ray Powers, President and Chairman of CCI said, "We certainly see value in acquiring Surfs Global in terms of network growth and increased enterprise value. Our strategic business plan outlines a methodology that advocates organic growth as well as development through aggregation. Acquisition candidates are evaluated on the value of integrate assets, network footprint, and complimentary core competencies. We look forward to working closely with Surfs Global to expand our mutual networks and product portfolio, while continuing with our tradition of excellence in customer service."
About Surfs Global, Inc.
Surfs Global is a privately owned Wireless Communications Provider based in Freeport, Illinois. The company was founded in 1998, and is focused on rural markets in a 600 square mile area in the northern portion of the state. The Company has over 32 repeater sites in place throughout the network, and all equipment has been upgraded within the last 2 years. Surfs Global provides wholesale products and services to webmasters, ISP's, and IT companies, as well as retail connectivity for small businesses and residence customers.
About Competitive Companies, Inc.
Competitive Companies, Inc. (CCI) is a Nevada Corporation with offices in San Antonio, Texas, Eau Clair, Wisconsin, and Scottsdale, Arizona. The Company began operations in 1998 to provide telecommunication services including data, voice and video to multiple dwelling units (MDU's). The current focus is on delivery of data and voice application in rural communities nationwide. The Company continually evaluates new products based on technology convergence and customer demand. These new services include a variety of bundled wireless IP applications for rural residence, business, and government consumers. For more information on the Company, please visit http://www.cci-us.com.
Forward-Looking Statements:
This press release contains statements that are "forward-looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will" and similar expressions identify forward-looking statements. By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
SOURCE Competitive Companies, Inc.
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