PowerStar International Completes Purchase of Xpel Communications
PowerStar International Inc. (TSX-V: PWS) (PowerStar) has completed purchase of Xpel Communications AB, the Stockholm, Sweden-based provider of Wi-Fi wireless networks and digital signage.
Calgary, Alberta (PRWEB) May 16, 2007 -- PowerStar International Inc. (TSX.V: PWS) (PowerStar) has completed purchase of Xpel Communications AB, the Stockholm, Sweden-based provider of Wi-Fi wireless networks and digital signage.
Xpel Communications is the largest provider of public Wi-Fi internet access in the Swedish capital, Stockholm. Xpel's original business model was to provide free public access across the city whilst charging major anchor clients such as Skype and Aftonbladet for VOIP and news services. Powerstar is planning to introduce digital signage on the Xpel network and include Xpel's network into the roaming agreements of FatPort Corporation. Fatport is one of the largest hot spot operators in North America having 17 roaming agreements. Powerstar has entered into an agreement to acquire Fatport. Xpel's management team is committed to expand on the Stockholm network and to build networks in other European cities.
"Xpel provides immediate opportunity for Powerstar to expand its various services including its digital signage network into the European marketplace," said David Lauterbach, President of Powerstar's main subsidiary, Solutrea Inc., "We are planning to grow Xpel's revenue via roaming agreements and adding new services. We also expect to build on the relationships Xpel has established."
"The ability to add roaming and digital signage to the Stockholm networks will be a great boost for both Xpel and our clients," said Johan Franck, Director of Xpel Communications, "We have successfully meshed wholesale services and end-user systems onto the network, now with the added resources and services of PowerStar, we look forward to expanding these across many of Europe's major towns and cities."
About PowerStar International
PowerStar is a fast-growing provider of telecommunications/digital media Networks for consumers, businesses and the government. The Company provides public Wi-Fi networks, digital signage, corporate communications and Business Television over wireless, satellite and terrestrial platforms. Solutrea is a publicly-traded corporation on the TSX Venture Exchange, trading under the symbol PWS. For more information visit Solutrea's Homepage.
About Xpel Communications
Xpel Communications AB is an industry leading supplier of Wi-Fi networks and digital signage platforms. Xpel designs, owns and operates the largest open Wi-Fi network in Sweden using latest technology with focus on quality of voice over IP. Xpel's media streaming allows Digital signage portals to be effectively deployed to facilitate advertising applications and revenue streams for, and from, retail while promoting a profitable and sustainable model for free internet access to the public.
For more information contact
Mr. Hatim Zaghloul
CEO and Chairman
Powerstar International Inc.
+1 403 285 0223
Mr. Larry Podrasky
CFO
Powerstar International Inc.
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