Unified Signal, Inc. Acquires 2 MVNOs in 1st Quarter and is looking for Additional Acquisitions
Kirkland, WA -- (Marketwired) -- 5/18/2016 – Unified Signal, Inc. (OTCQB: UNSI), a leading software system in the telecommunications and mobile payments industry, today announced that it has completed the acquisition of its first 2 MVNOs (Mobile Virtual Network Operator). The company has Acquired Puppy Wireless and DataJack to kick off its 2016 MVNO customer acquisition strategy.
Unified Signal (www.unifiedsignal.com) is a leading MVNO and mobile wallet enabler in the US. Its billing platform has been under development for the last 18 years and has been integrated into each of the major 4 wireless carriers. MVNOs account for about 25 percent of U.S. wireless subscribers and use the wireless carrier’s network to offer private label wireless services to its end customers. Unified Signal provides MVNOs with everything they need to launch their own wireless brand in less than 4 weeks. Unified’s turnkey system solution provides its clients seamless integration with the wireless carriers, prepaid and postpaid billing and rating, tier 1 and 2 customer service, revenue assurance, payment processing, equipment provisioning, and even fulfillment services. Unified’s mobile wallet enablement platform allows for the launching of a true mobile wallet linked to a debit MasterCard. It has also developed a companion card program that enables users to move money around the world in real-time and for free.
Unified Signal's Chief Executive Officer, Paris Holt, stated, :"Both the MVNO and mobile wallet marketplace has really taken off over the last couple of years. Our strategy of supporting internally owned and operated MVNOs was a natural progression. Our strategy is to launch as many MVNOs in the US as possible and help them grow to their fullest potential and then eventually acquire those MVNO customers. This creates a great liquidity event for our clients as well as a great way for Unified Signal to generate additional revenue and profitability. We are hoping to find additional MVNOs in the coming months and add them into the fold. Our goal is to acquire 100,000 customers this year alone which is in addition to growth from our internally owned and operated MVNO called MyTime Wireless which was just recently launched earlier in the year." www.mytimewireless.com.
Puppy Wireless' Chief Executive Officer, Shawn White, stated, "We are very excited about the Unified Signal customer acquisition. They have done an amazing job over the years as our systems integrator and now to be able to actually join the Unified Signal team and further profit from their success and ours was a great opportunity. Our team fit right in with their corporate culture of making sure the customer comes first and our team adds a great deal of experience managing MVNOs which is being put to good use as we acquire more and more MVNOs over the next couple of years."
About Unified Signal
Unified Signal, Inc (OTCQB: UNSI) is a SaaS (software as a service) based billing and back office platform, which enables companies in virtually any industry sector to launch cellular, as well as mobile wallet services using their existing brand. Unified Signal's SaaS platform and infrastructure allows clients to implement faster, have more control over the system with feature rich tools, while being more cost efficient than other solution providers. Unified Signal's turnkey telecom and mobile wallet billing platform allows its clients to sell, provision, fulfill, and care for multiple telecom services, including pre and post-paid cellular, local, long distance, Internet, and now mobile banking. Unified Signal's platform is integrated with most major U.S. carriers as well as banks and wireless carriers across the world. The platform also allows clients to private label mobile banking services including a full mobile wallet linked to a debit MasterCard.
Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements. www.unifiedsignal.com
Contact: Melissa Watson
VP of Business Development