Internet Marketing Journal

Internet Marketing

Subscribe to Internet Marketing: eMailAlertsEmail Alerts newslettersWeekly Newsletters
Get Internet Marketing: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Internet Marketing Authors: John Khan, Carmen Gonzalez, Neil McNulty, Elizabeth White, Melih Oztalay

Related Topics: Mergers & Acquisitions on Ulitzer

Mergers & Acquisitions: News Feed Item

Cybertel Capital Corporation Signs a Non-Binding Letter of Intent to Acquire TeleDigit, Inc.

Cybertel Capital Corporation Signs a Non-Binding Letter of Intent to Acquire TeleDigit, Inc.

VANCOUVER, WA and PORTLAND, OR -- (MARKET WIRE) -- 12/12/07 -- Cybertel Capital Corporation (OTCBB: CBEL) Board of Directors has announced the Company has signed a Non-binding Letter of Intent to acquire the Portland, Oregon based telecommunications company TeleDigit, Inc. The pending transaction will acquire a minimum of eighty percent (80%) ownership of TeleDigit, Inc. as a subsidiary of Cybertel Capital Corporation.

"Over the past ten years TeleDigit has had progressive growth every year and we look forward to its continued growth in the future," states Jim Wheeler, CEO of Cybertel Capital Corp. "The acquisition will add TeleDigit's existing business which will produce approximately 1.5 million dollars in revenue for 2007."

The transaction will include a business and funding plan to expand the growth of TeleDigit, Inc.'s current service offerings, as well as to introduce additional service offerings to the existing market that TeleDigit, Inc. provides, such as Data and Wireless networking and integration and engineering, providing a full scope of Telecommunication and Data networking to include: Voice Over IP (VoIP), Telecom and data equipment sales and service, Wireless equipment sales and service, including integration and engineering services.

"We feel TeleDigit has positioned themselves well in the communication field. 2007 revenues will be about $1.5 million and with the additional services that CBEL plans on bringing in with other new acquisitions we will continue the expansion of the existing services. We feel additional growth potential is extremely high," stated Jim Wheeler.

About TeleDigit, Inc.

TeleDigit, Inc. is a locally owned and operated telecommunications company in the Pacific Northwest. Established in 1995, TeleDigit, Inc. bases its operations out of Portland, Oregon serving customers throughout the West coast, with a national contract to service all voice systems for a National chain of dentist offices. TeleDigit, Inc. provides installation and service for your business voice needs, including key systems, PBXs, voicemail, and cabling.

About Cybertel Capital Corporation

Cybertel Capital Corporation is a holding company with interests in areas of telecommunications, data management, information systems and public safety communication and response solutions. Cybertel trades on the OTC Bulletin Board under the ticker symbol CBEL. For more information on Cybertel or TeleDigit contact [email protected] or visit web site at www.teledigitinc.com.

Certain Information

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of STGI officials are "Forward-Looking Statements": within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Certain statements in this news release may contain forward-looking information and are based on Management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official Press Releases.

Contact Information:
Cybertel Capital Corporation
Vancouver, WA
James Wheeler
Chairman & CEO
E-mail: Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.