Really? I hadn't heard that before. Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373
“Success is not final, failure is not fatal: it is the courage to continue that counts.” --- Winston Churchill On Wed, Mar 31, 2010 at 3:06 PM, Nathan Stooke <nstooke...@wisperisp.com> wrote: > Hello, > > But AMD was. LOL > > > > -----Original Message----- > From: wireless-boun...@wispa.org [mailto:wireless-boun...@wispa.org] On > Behalf Of Josh Luthman > Sent: Wednesday, March 31, 2010 11:05 AM > To: WISPA General List > Subject: Re: [WISPA] Tranzeo to acquire Aperto > > Not all buy outs mean the company is in trouble, does it? > > I didn't think ATI was in trouble when AMD bought them. > > Josh Luthman > Office: 937-552-2340 > Direct: 937-552-2343 > 1100 Wayne St > Suite 1337 > Troy, OH 45373 > > “Success is not final, failure is not fatal: it is the courage to > continue that counts.” > --- Winston Churchill > > > > On Wed, Mar 31, 2010 at 12:01 PM, Gino Villarini <g...@aeronetpr.com> wrote: >> Wow >> >> Was Aperto in financial trouble? >> >> This is like YDI buying Proxim >> >> Or Ubiquity buying Motorola >> >> Sent from my Motorola Startac... >> >> >> On Mar 31, 2010, at 11:45 AM, "Drew Lentz" <d...@drewlentz.com> wrote: >> >>> Didn't see this one coming but it looks like it could lead to some >>> nice >>> products for WISPs. >>> >>> http://bit.ly/bX4HTc >>> >>> Canadian Company Tranzeo Wireless to Acquire Aperto Networks >>> Tranzeo strengthens its international market with complete broadband >>> solution >>> >>> PITT MEADOWS, BRITISH COLUMBIA, Mar 31, 2010 (MARKETWIRE via COMTEX) >>> -- >>> BC-based Tranzeo Wireless Technologies Inc. (CA:TZT >>> </investing/stock/TZT?countrycode=ca>  1.61, +0.04, +2.55%), a >>> premier >>> manufacturer of wireless broadband and WiMAX communication systems, >>> announced today it has entered into a definitive merger agreement with >>> Aperto Networks, Inc. ("Aperto") and key Aperto shareholders. Under >>> the >>> terms of the merger agreement, and upon the satisfaction of closing >>> conditions, Aperto will be merged into a newly incorporated >>> subsidiary of >>> Tranzeo, with Aperto surviving and continuing to be operated as a >>> wholly-owned subsidiary of Tranzeo. >>> >>> The merger will greatly increase Tranzeo's market share as it >>> becomes a >>> complete end-to-end broadband solutions provider featuring WiFi, >>> WiMax and >>> LTE products. Aperto's current backlog of all purchase orders is US >>> $8.3 >>> million. This will be added to Tranzeo's current backlog of US$32.7M. >>> >>> "Acquiring Aperto immediately transforms Tranzeo into a market leading >>> complete solutions provider for major telecommunications operators >>> while >>> still supplying product to Tranzeo's existing wireless Internet >>> service >>> providers," said Jim Tocher, President and CEO of Tranzeo. "With an >>> established world-wide customer base and a pipeline of new customers >>> now in >>> trials, the benefits of today's announcement will start to bear >>> fruit within >>> a year. The future for Tranzeo has never looked better." >>> >>> "The combining of Tranzeo and Aperto is a big win for wireless service >>> providers," said Randall Meals, Chairman of Aperto's Board and >>> Managing >>> Director of Quicksilver Ventures. "We continue to be bullish on the >>> broadband wireless market and now Tranzeo's position in the market." >>> >>> Existing Tranzeo and Aperto customers will greatly benefit from the >>> combined >>> technologies and complete solutions Tranzeo will now be able to >>> provide. >>> >>> "Tranzeo's responsiveness, world-class manufacturing and additional >>> product >>> breadth combined with Aperto's proven worldwide sales, support team, >>> and >>> channels will significantly benefit our customers on a global >>> basis,"said >>> Bill Waters, Senior Vice President of Worldwide Sales and Support at >>> Aperto >>> Networks. "I am looking forward to serving our existing customers, >>> expanding >>> our market and providing new solutions to our channel partners." >>> >>> "This is very good news for TRG and the future of broadband services >>> in >>> Indonesia," said Gatot Tetuko, President of PT. Teknologi Riset Global >>> (TRG), an affiliate company of leading telecommunication >>> infrastructure >>> provider the Indonesian Tower Group. "With our joint development >>> agreement >>> with Tranzeo, this will give us access to additional advanced wireless >>> technologies which we will incorporate into our broadband solutions." >>> >>> Tranzeo expects to complete the acquisition of Aperto through >>> issuances of >>> common shares to the stockholders of Aperto. Upon satisfaction of the >>> required closing conditions, Tranzeo will issue common shares to the >>> stockholders of Aperto based on a US$5 million base consideration >>> amount, as >>> adjusted for liabilities and cash of Aperto at closing. Subject to the >>> satisfaction of certain additional earn-out conditions, Tranzeo may >>> issue >>> additional common shares to the stockholders of Aperto based on >>> revenues >>> attributable to certain products of Aperto that are sold by Tranzeo >>> during a >>> one-year earn-out period following the date of closing of the >>> merger. These >>> earn-out shares would be issued within 120 days of the expiry of the >>> earn-out period. All share issuances will be based on the volume >>> weighted >>> average trading price of Tranzeo's common shares for the five >>> trading days >>> prior to this announcement of the Merger Agreement. >>> >>> The merger is anticipated to be completed in mid-April 2010. >>> Completion of >>> the merger will be subject to customary closing conditions, >>> including the >>> approval of the proposed merger by the Toronto Stock Exchange and by >>> the >>> stockholders of Aperto. Tranzeo stockholder approval is not required. >>> Tranzeo has agreed to appoint a representative of Aperto to its >>> board of >>> directors on closing. >>> >>> The common shares proposed to be issued have not been registered >>> under the >>> Securities Act of 1933, as amended, or any state securities laws, >>> and may >>> not be offered or sold in the United States without registration or an >>> applicable exemption from applicable registration requirements in >>> the US. >>> This press release shall not constitute an offer to sell or the >>> solicitation >>> of an offer to buy nor shall there be any sale of the securities in >>> any >>> jurisdiction in which such offer, solicitation or sale would be >>> unlawful. >>> >>> Tranzeo and the Tranzeo logo are registered trademarks of Tranzeo >>> Wireless >>> Technologies Inc. >>> >>> >>> >>> >>> --- >>> --- >>> --- >>> --- >>> -------------------------------------------------------------------- >>> WISPA Wants You! 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