Monday, June 21st, 2010 - Wireless Nation
Wireless Nation’s capital raising to fund a roll-up of independent businesses in the distribution channel of the two-way radio industry, while just opened in mid-April, has been attracting strong interest and is already partly subscribed.

“We are delighted to announce that $140,000 has already been raised and several key negotiations are under way,” said Dr. Peter Baines, CEO of Wireless Nation Pty Ltd.

Each business to be aggregated in the roll-up is long established, successful and profitable. After consolidation Wireless Nation will have a countrywide presence serving government and corporate customers with leading edge wireless communication products and services.

“There is a gap in the market for a national operator to emerge, and Wireless Nation will offer an Australia-wide footprint to customers, that does not currently exist,” commented Dr Baines. “Such a base offers the potential to grow the business by offering new products and technologies through the channel.”

This round of capital raising will fund the process of acquisition and integration.

In April/May 2010, Wireless Nation Pty Ltd was featured in Wholesale Investor magazine. Wholesale Investor is Australia's largest specialist, private investment platform with over $350 Million of opportunities available. Wireless Nation is excited to be one of the companies accepted into the Magazine, as it is distributed to 6600 of Australia's corporate and private, business elite. To view Wireless Nation on Wholesale Investor go to http://www.wholesaleinvestor.com.au and search for the code WNN.

On full consolidation, Wireless Nation will be the largest retail provider of professional, wireless communications solutions and service in Australia. It will have the critical mass and coverage to deliver systems projects to national government and corporate accounts. Such a capability has not previously existed.

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Wireless Nation


Wireless Nation is a roll-up consolidation of independent businesses in the distribution channel of the two-way radio industry in Australia. Each business to be assimilated in the roll-up is long established, successful and profitable. After consolidation Wireless Nation will have a countrywide presence serving government and corporate customers with leading edge wireless communication products and services.
Peter Baines (CEO, Managing Director)
P: 0418 982 221
W: www.wholesaleinvestor.com.au/public_panel/listing_detail/wireless_nation_pty_ltd/?id=124

Keywords

Telecommunications, Capital Raising, two-way radio industry,Wireless Nation, Wholesale Investor, wireless, wireless communication, Peter Baines

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