Unified Signal, Inc. Acquires Distribution Assets of InterMar
Kirkland, WA -- (Marketwired) -- 7/7/2015 – Unified Signal, Inc. (OTCQB: UNSI)), a leading software system in the telecommunications and mobile payments industry, today announced that it has acquired the primary distribution assets of InterMar, LLC.
Unified Signal's Chief Executive Officer, Paris Holt, stated, "This is a historic day for Unified Signal. In this asset acquisition, Unified Signal has acquired key management of InterMar as well as over 50,000 retail points of distribution east of the Mississippi. Historically these retail points of presence sold international long distance calling cards and this distribution channel services over 400,000 ethnic customers today. Unified Signal will be expanding that offering to include wireless services and prepaid debit cards supported by Unified’s MVNE (Mobile Virtual Network Enablement) suite. This marks the first of many acquisitions to come that allows Unified Signal the ability to own its distribution outlets. This vertical integration play allows Unified Signal to have much more control of the products and services that it offers into the marketplace, as well as become much more cost efficient in delivering those services.”
InterMar is a strategic sales, marketing and distribution company with an executive management team that has focused on consumer, ethnic, and unbanked markets since 1999. Through the years of working with a multiplicity of distribution channels, ranging from local community convenience stores, to big box retailers, to large groups and associations as digital e-commerce vehicles, InterMar utilizes its deep market knowledge and strong channel relationships to ensure that select products and services are delivered to any segment or vertical channel.
Unified Signal’s mobile wallet platform has been under development for the last 7 years and has been deployed in the US for the last 2 years. Unified Signal supports US based MVNOs (Mobile Virtual Network Operators). MVNOs account for about 25% of US wireless subscribers and use the wireless carrier’s network spectrum to offer private label wireless services to its end customers. Unified Signal’s MVNO, mobile wallet, and prepaid debit card enablement suite, provides a complete turnkey back office solution for its clients, including billing and rating, customer service, revenue assurance, payment processing, equipment provisioning, and fulfillment services.
InterMar Chief Executive Officer, Victor Bakunoff, states, “We have spent the last 15years building up our retail points of presence to now well over 50,000 points of distribution and we are constantly looking at new and exciting ways to monetize our powerful sales channel. We can currently activate well over 30,000 new (ILD) international long distance customers each month and with ILD being an extremely competitive industry, with small profit margins, we have always maintained a keen eye towards revolutionary new technology that enhances our ever evolving product portfolio. Unified Signal offered us new and exciting services that we can sell through to our master distributors. Our distribution could not be more excited about this asset purchase and we have already begun developing and launching the products and services that will be marketed through our points of distribution. We are confident that, with the Unified Signal team, we can bring over 100 million in revenue to Unified Signal in the next 12-18 months and, more importantly, provide key sales and marketing leadership to the company. We have seen first-hand the significant power in the Unified Signal system and we believe that our sales and marketing team will also be able to expand Unified’s current b2b pipeline.”
InterMar’s CEO, Victor Bakunoff will join Unified Signal’s ranks as its new Senior Vice President of Sales and Marketing. Other key members of the InterMar team will also join the Unified Signal executive team and will help manage the re-launch of all the new products and services into the new Unified Signal distribution channel. Advising on the transaction was Source Capital group, Inc a Westport-CT based boutique investment banking firm focused on emerging growth companies in clean tech, green energy, communications, digital media, and consumer services.
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 prepaid debit card.
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