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WirelessDevNet.com Press Release
Wireless Age Communications Acquires OC Communications Group
Wireless Age Communications Inc. is pleased to announce that it has acquired OC Communications Group Inc ("OC Communications" or "OCCGI") a leading provider of business process outsourcing services based in Toronto.
"The sale of OC Communications to Wireless Age is a key step in our growth strategy" says Mike Hilmer, CEO of OCCGI. "Wireless Age and its affiliated companies will provide OCCGI with the financial platform and the contacts to expand revenue in the growing energy and environmental services sectors. We couldn't be more excited about the prospects!"
John Simmonds, CEO of Wireless Age added "OC Communications is an excellent acquisition for WLSA and provides an infrastructure for all of our other business units. We are very pleased to have Mike Hilmer and his colleagues as part of our Vertility Technology Team going forward."
The share purchase which took place in January 2011 was funded by Newlook Industries Corp. (cnsx:NLI) ("Newlook") as part of an overall debt settlement between Newlook and Wireless Age. In the 1st half of 2011, OCCGI had revenues of $2.4 million with full year revenues projected at $7.2 million and annual EBITDA of $900 thousand.
About Wireless Age Communications
Wireless Age brings together technologies and companies focused on innovative and cutting edge energy and environmental solutions. Business lines range from the marketing and installation of energy efficient household products, to the design, manufacture, and installation of waste handling and remediation systems. Wireless Age is positioned to benefit from the momentum building in the rapidly growing "green" and "renewable energy" marketplace.
About OC Communications Group Inc.
OCCGI offers fully integrated and comprehensive customer care and back office outsourcing solutions. Through the strategic management of customer communications across multiple channels, OCCGI enables its clients to focus on their core competence, retaining and growing their customer base.
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