GOIG News GoIP Global to Acquire Mobile Wireless Caribbean Company

2012-03-26 09:08 ET - News Release

NEW YORK, NY -- (Marketwire) -- 03/26/12

GoIP (PINKSHEETS: GOIG), a leading provider and developer of diversified communications and services across multiple devices and software platforms, announced today the signing of a strategic letter of intent (LOI) to acquire all of 21st Century Enterprises Ltd. that has wholly owned subsidiaries holding mobile telecom and high speed broadband licenses in Nevis, St. Kitts, St. Lucia, St. Vincent& the Grenadines. GoIP confirms agreement negotiations with major telecom Networks to support the deployment and applied technology and telecommunications. The companies are proceeding towards a strategic alliance by joint development and sharing operational resources, including fiber, wireless networks and data centers. The expansion of the company's Wi-MAX division will bring industry-leading port access, increased deployment flexibility and new residential and business solutions to the each of the island nations.

Ike Sutton, CEO of GOIP Global, Inc., comments, "As an emerging leading provider of communications, the need for more bandwidth continues to grow dramatically in the islands due to the rapid development of 3G/4G data network by cellular service providers and the increasing demand of multimedia devices requiring 3G/4G data usage. We are strategically expanding 21st Century Wi-MAX division in the islands by strengthening our network capabilities to provide our customers with a reliable high quality networks."

Adrian Watson, CFO 21st Century Enterprises, Ltd, "The strategic alliance with GoIP and its infrastructure will enable us to grow our operations on all seven Caribbean Islands, We are excited to work with GOIP in continuing our efforts