|
Fresno,
CA. May 4, 2005 - Brand X Networks, Inc. announced today that it has
entered into an agreement to acquire the assets of Madera Area Digital
Network, Inc., Madera’s leading broadband fixed-wireless and dialup
Internet service provider (ISP).
Financial terms of the deal were not disclosed.
Madera
Area Digital Network has been providing quality Internet services to
local customers since 1995.
“Although we have faced many challenges, most recently the
bankruptcy filing of one of our key vendors, Optigate Networks, MadNet is
still committed to providing our customers with superior Internet
services.” said Le Roy James, President of MadNet. “By joining the Brand X
team, we can continue to provide excellent service to our customers while
improving and expanding the reach of our broadband wireless network.”
MadNet
customers will not experience an interruption in service during the
transition to Brand X. All
services, including e-mail addresses, dialup numbers and pricing will
remain the same. The only
thing that will change is the billing address and the addition of
around-the-clock access to Brand X Networks’ world-class bi-lingual
technical support service.
Independent
ISPs have struggled with the transition from dialup to broadband, and
with incumbent telephone and cable carriers maintaining their monopoly on
the wires into homes and businesses, broadband fixed wireless Internet
access represents a third access alternative with distinct advantages
over traditional access methods.
Because wireless providers don’t need to deal with an intermediate
wireline carrier to provide service, broadband wireless Internet access
can be provisioned faster and more profitably than any other method. Broadband wireless connections
are also more readily available in rural areas than DSL and cable, which
have service reach limitations.
“Brand
X is dedicated to helping Internet providers succeed, and our acquisition
of MadNet furthers this mission,” stated John Prather, President and CEO
of Brand X Networks. “We are
delighted that the founder and President of MadNet, Le Roy James, will be
joining our team as the Director of our new Wireless Division. One of his first priorities is to
make changes to the MadNet wireless infrastructure to create a wholesale
broadband wireless offering that ISPs can profitably resell. Assuming our initial efforts in
Madera prove successful, we will continue to expand the wireless network
through partnerships with established wireless providers, acquisitions,
and build-out our own infrastructure.”
About Brand X Networks, Inc.
Brand
X Networks, Inc. is a privately held company with headquarters in Fresno,
California that was formed with the management led buyout of ProtoSource
Corporation’s Internet service provider division in 2001. A leading provider of outsourcing
services to Internet providers, telephone companies, and wireless
Internet providers, Brand X provides 24/7, US based bi‑lingual
(Spanish/English) call-center, billing, data-center, hosting and
fulfillment services to more than 200 ISP brands representing more than
100,000 end-users.
|
