$QUMI - Overview WQN was formed as a Texas corpo

$QUMI - Overview

WQN was formed as a Texas corporation in September 2007, when it acquired an operating business that was originally founded in 1996. WQN provides prepaid and postpaid enhanced telecommunications services with an emphasis on transporting calls that originate from the United States and Canada and terminate to specific regions of the world. Customers utilize WQN’s Voice Over Internet Protocol (“VoIP&rdquo network to place quality international calls at discounted rates. The voice quality of WQN’s VoIP calls is nearly the same as an international telephone call carried over a traditional telephone line. A substantial portion of WQN’s revenue is derived from the sale of prepaid service to customers calling from the United States to India. WQN’s products and services are provisioned and sold online via its websites.

Data Jack was formed in February 2009, and its revenues prior to the Company’s acquisition were $96,113. Data Jack specializes in delivering nationwide mobile 3G data coverage for a competitive fixed monthly price, through a proprietary USB device connected to any computer with a Windows or Mac operating system.

Syncpointe is a software developer focused on the development of mobile device management software. The Company’s products are geared toward global enterprise, government, and consumer markets. Syncpointe was formed in November 2008, and its revenues prior to the Company's acquisition were $0 and $89,000 during 2010 and 2009, respectively.