Las Vegas, NV (PRWEB) March 3, 2008
SIV Investments Corp., headquartered in Nevada, US, announced their acquisition of Telco Group (http://www.Telco.ua) currently operating in the Ukrainian Telecommunications market as a distributor of networks equipment. The acquisition was conducted through a share exchange approved by the Board of Directors of both parties that resulted in Telco Group becoming a wholly-owned subsidiary of SIV Investments Corp.
SIV Investments Corp. further plans to develop and enhance its distribution of networks equipment and project distribution of data storage systems with open architecture through its subsidiaries in Ukraine.
The main business objective of SIV Investments Corp. in this acquisition is to raise corporate value by strengthening and expanding its presence in the Ukrainian market and to facilitate a subsequent growth of its subsidiary Telco Group by increasing its access to capital in order to finance its investment projects.
Igor Somov, President and CEO of SIV Investments, said, "We employ a growth strategy of our distributor base by constantly adding new leading 'niche' producers. Reinforced by Ukraine's accession to the WTO, the surge in the Ukrainian IT market prompted a lot of companies to reorganize their IT layout to be able to compete more advantageously. This environment is going to favor high-technology solutions, which a mediocre company producing 'everything that plugs-in' is unable to offer."
All current acquisition and other reorganization procedures of SIV Investments Corp. fall within the guidelines set forth in the business plan outlined by the company's executives and approved by the Board of Directors and serve a purpose of strengthening corporate value within a perspective of conducting a private placement of its common stock.
SIV Investments/ Telco Group
TELCO (http://www.Telco.ua), Kiev, Ukraine, emerged as a distributor of networks equipment, and since November, 2004, has been developing a new direction in the Ukrainian market -- project distribution of data storage systems with an open architecture. In 2005 Telco pioneered installation of this equipment in Eastern Europe. In 2007 the company in a pursuit of its strategic development plan acquired exclusive distribution agreements with Extreme Networks and Juniper Networks. During the year the company's employees obtained certification from the manufacturers. The volume of sales for the first two quarters provides grounds for an optimistic forecast of equipment sales for the year of 2008. The company owns a Demonstration Laboratory for networks equipment and SAN equipment, which enables the clients to preliminary test the functionality of the solutions. Since 2004 Telco has been a registered trademark in Ukraine.
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