America News: Datacom Wireless acquires Vigil Locating Systems for Can$1m

America News:  Datacom Wireless acquires Vigil Locating Systems for Can$1m

Datacom Wireless Corp has entered into an agreement to substantially acquire all assets and business operations of Vigil Locating Systems Corp for a total consideration of one million Canadian dollars.

This is Datacom’s first strategic acquisition.

The Vigil GPS acquisition is expected to contribute $75,000 per month in recurring revenues, almost 30% of Datacom’s current average monthly recurring revenue.

According tp Datacom president & CEO Pierre Collins, the transaction provides Datacom with instant access to a new network of distribution channels, and will enable Datacom to expand its presence into new commercial markets.

Subject to shareholder and regulatory approvals, the transaction is expected to close on or before end-August, 2007.


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