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PLC Network Solutions Announces Letter of Intent to Acquire Beamax Telecom, an International VoIP Service Provider11 November 2005
Trimax Corporation (OTC BB: TMXO), through its
wholly owned subsidiary PLC Network Solutions Inc. ("PLC"), a Broadband
Over Powerline communications company, announced that it has signed an
letter of intent to acquire Beamax Telecom Inc. of Montreal, Quebec. Terms
of the transaction were not disclosed. Beamax is an international provider
of Voice over Internet Protocol (VoIP) services.
Not only will the acquisition combine the synergies and bundled services of
both companies, it will give PLC significant market traction, a great team
and an additional base of operations for deployment through most of Canada
and the US.
VoIP was perhaps the biggest telecom story this past year as it helped
revolutionize the world economy by creating new efficiencies in
communications and giving consumers new choices. As broadband connections
proliferate worldwide, voice service will no longer be the domain of the
telephone companies.
The adoption of VoIP Communications accelerated in 2004 to approximately 8
million home users worldwide. By 2009, industry experts anticipate this
number to grow to over 58 million.
PLC Network Solutions' faster-generation chip sets have combined with lower
manufacturing costs for key components which will allow more economical
deployments of BPL technology.
Derek Pepler, President of PLC Network Solutions, said: "Beamax is a great
fit for us as we will be able to immediately leverage each others' services
and relationships. PLC's mission is to consistently build shareholder value
by acquiring and partnering with well-positioned IP communications
companies with complementary product lines."
"Beamax is delighted to have Broadband over Powerlines as an integral part
of its business model as it offers the speed, reliability, and
plug-and-play convenience that other technologies do not. Our VoIP services
will be greatly enhanced with the bandwidth our clients can be provided
through BPL technology," said Daniel Yeboah, President and Founder of
Beamax Telecom Inc.
About PLC Network Solutions Inc.
PLC Network Solutions Inc. specializes in Broadband over Power line (BPL)
technologies. This technology has been successfully deployed in over 25
countries around the globe, in homes, apartments, office towers, schools,
hotels, hospitals, museums and Government buildings. PLC Network Solutions
offers a range of broadband over power-line solutions, which includes
offering secure 128kb high-speed Internet access, VoIP services and soon to
be offered IPTV technology. The company believes that BPL will be the next
widely accepted access technology. PLC Network Solutions anticipates that
the company and its devices will be at the forefront of this new technology
revolution, which will include expanding its reach throughout the world.
For More Information Please Visit (http://www.plcnetsolutions.com)
About Beamax Telecom Inc.
Beamax Telecom Inc. is setting the benchmark in communications. Beamax is
focused on providing VoIP (Voice over Internet Protocol) solutions for
residential and small business customers. The service is designed to
provide a more cost-effective and alternative platform from the standard
phone company. By leveraging the consumer's existing broadband connection,
customers can now place calls to anywhere in the world while benefiting
from the best domestic and international long distance rates available.
For More Information Please Visit ( http://www.beamaxvoice.com/ )
This news release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995 (The "Act"). In
particular, when used in the preceding discussion, the words "pleased,"
"plan," "confident that," "believe," "expect," or "intend to," and similar
conditional expressions are intended to identify forward-looking statements
within the meaning of the Act and are subject to the safe harbor created by
the Act. Such statements are subject to certain risks and uncertainties and
actual results could differ materially from those expressed in any of the
forward-looking statements. Such risks and uncertainties include, but are
not limited to, market conditions, general acceptance of the Company's
products and technologies, competitive factors, the ability to successfully
complete additional financings and other risks described in the Company's
SEC reports and filings.
Contact:
PLC Network Solutions, Inc.
Investor Relations
Tel: 1-416-368-4060
Toll Free: 1-877-368-4060
mail to: info@plcnetsolutions.com
http://www.plcnetsolutions.com
SOURCE: Trimax Corporation
Source: Marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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