Telava Networks Signs LOI to Acquire Buzzirk Wireless and E-Verge International

(Business News & Technology News, 4 Mar 2008)

Telava Networks Inc. has signed a Letter of Intent (LOI) to acquire Buzzirk Wireless Inc. (Buzzirk) and E-Verge International Inc. (E-Verge). The acquisition is consistent with Telava's Strategic Business Plan, designed to build enterprise value through organic growth, and select acquisition opportunities associated with cross-functional integration of the complementary core competencies.

Buzzirk and E-Verge currently provide enhanced communications services consisting of VOIP connectivity between Buzzirk users as well as low-cost interface to traditional fixed-line and mobile telephones in residential, small business and enterprise settings, bringing the end user content rich platforms and services creating retention that is not seen in the cellular industry.

"With our current operations along with those of Buzzirk and E-Verge, we take the next step in providing new and enhanced services to our current and future customers. This strategic merger will provide the next step in our strategic growth initiative," says Baldwin Yung, President and CEO of Telava.

Ted Robbins, President of E-Verge, adds: "We are extremely pleased and excited about the merging of our companies with the tremendous amount of synergies and joint technologies from each company that will accelerate our sales and growth capabilities immediately."

E-Verge, through its proprietary technology, provides a massive sales channel and electronic distribution of products and services through referral and retail sales. Additionally, the company has a strong rapidly growing customer base that spans 40 countries along with a positive cash flow operation, which further strengthens the consolidated financials of Telava Networks.