About CyberGlobe International Holdings AVV
Founded in 1998 CyberGlobe is pioneering communities
built on commerce,
sustained by trust, and inspired by opportunity.
immune cuba
(NYSE: SBCBLS).
Michael
Smith, a graduate of Babson College, will be based in Trinidad and
has extensive experience in the
Caribbean.
Metropolis Technologies Corp. CyberGlobe enables
e-commerce on a local, national
and international basis with an array of
interconnected portals.
epidemiology deficiency
Kitts
and Nevis, Antigua and
Barbuda, and Dominica in addition to its existing
nine markets of operation which include the most
recent addition of Haiti.
Metropolis Technologies Corp. The possibility that integration of CyberGlobe
's offerings
following the transaction may be more difficult than expected, and the
possibility
that entry by CyberGlobe and Metropolis Technologies Inc.jamaica cayman
In 2004, Digicel grew its customer base
by 33 percent and recently reached
a milestone of 1,051 employees in its fourth year of operation
. Currently, Digicel's staff is
92 percent Caribbean nationals, based throughout the company's nine
countries of operation. CyberGlobe
will initially focus on the Caribbean region and Canada followed
by other
countries in the Americas.jamaica nevis
This purchase will expand Digicel's network to Bermuda
, Anguilla, St. Vincent and the Grenadines. It is the largest GSM mobile
operator in the region and
plans to extend its footprint into other
Caribbean countries.PRESS RELEASE Metropolis Technologies
Enters Agreement to Acquire CyberGlobe International Holdings AVV
Those statements involve risks
and
uncertainties, and actual results could differ materially from those
discussed.bahamas cuba
Visit
www.digicelgroup.com for more information on Digicel. CyberGlobe will deploy and operate a city
portal
network that empowers partners and members to self-publish
information about their organization directly
onto the web. Naarendorp's
vast contacts within CARICOM will facilitate the implementation of
CyberGlobe
portals throughout the region.virgin lucia
It provides
e-commerce capabilities to merchants and enables merchants
to market their
products and services through the CyberGlobe network. Factors that could cause or
contribute to such differences
include, but are not limited to, the timing of the closing of the
transaction, the possibility that the transaction may not close, the
reaction of the users of
CyberGlobe's services, the future growth of
CyberGlobe's user base and public acceptance of Internet
services, rapid
technological changes in the Internet sector, the reaction of competitors
to the
transaction, global developments in the regulation of Internet
services.advancing cayman
The parties have also entered
into a roaming agreement that provides
favorable roaming rates in each other's markets.
"We
are looking forward to welcoming the Cingular Caribbean operations
staff and customers to the Digicel
family," said Denis O'Brien, founder and
chairman, Digicel Group. In four years, Digicel has
become
renowned for competitive rates, unbeatable coverage, superior
customer care, a wide variety of products
and services, and
state-of-the-art handsets.
"We are very pleased with this acquisition as
it represents an opportunity
for both companies to reduce costs by sharing infrastructure and
administrative
facilities," commented Michael Smith, President of
Metropolis Technologies Corp. Naarendorp was Minister
of
Foreign Affairs for Suriname from 1981 until 1983 and served as Suriname's
Ambassador to Mexico
(1984-1987), Brazil (1987-1990) and Trinidad and
Tobago (1997-2001). CyberGlobe will become a premier
provider of local
information in the Caribbean on topics ranging from restaurants and
shopping
to travel and professional services. and the expected impact of the acquisition of CyberGlobe
International
Holdings AVV.advancing administered
The acquisition of CyberGlobe will strengthen Metropolis' presence in the
Caribbean
marketplace, while opening several new lines of business.tourists precautions
Additionally, Digicel is the proud sponsor
of West Indies
Cricket, the Digicel Caribbean Cup and Special Olympics teams in Jamaica,
Aruba
, St.
Mr. Metropolis' flagship Content Management Software enables all
content owners to populate
websites, Internet, and Intranet without the
assistance of technical personnel. into
potential
new lines of business will not be successful.jamaica kitts
Lucia, Barbados and St. Vincent/Grenadines and Barbados
.
ABOUT DIGICEL
Since its launch in 2001, Digicel has become the fastest growing mobile
telecommunications operator in the Caribbean.vaccine jamaica
lucia deficiency
on the date hereof, and Metropolis Technologies Corp
.behalf jamaica
As the first in its markets to offer innovative network capabilities
including per second
billing, picture messaging, and pre-paid roaming,
Digicel continues to differentiate itself by being
passionate about
providing the best mobile phone service and introducing new products and
services
to meet the evolving needs of its customers.
The company is the lead sponsor of Caribbean sports
teams including the
West Indies Cricket Team, Special Olympics teams across the Caribbean and
is
title sponsor of the Digicel Caribbean Football Union Cup, which
involves over 30 Caribbean countries
and is an important qualifier towards
the CONCACAF Gold Cup. In addition, a new
board of directors
has been selected, with Harvey Naarendorp appointed as
Chairman of the Board, and Michael Smith appointed
as Director and
President of the Company.5 million cash and shares of Metropolis, which are
subject
to certain restrictions on resale."
CyberGlobe is creating a powerful interconnected global portal
network
which includes as a unique feature a geographical navigator. Mr. Naarendorp was awarded
a Master of Law degree from the University of
Amsterdam and has served as a lecturer of Private and
Business Law at the
Law Faculty of the University of Suriname.barbuda circulated
(OTC: MTPT) announced today that it
has agreed to acquire CyberGlobe
International Holdings AVV, an Internet portal company.haiti cuba
Vincent
& the Grenadines,
where Cingular's customer base will transition to Digicel. Buyers will gain an
easy and efficient way to communicate
with sellers, while receiving the information they need to
buy, and sellers
can more easily build relationships with customers and close sales. Mr.Includes
health and medical resources specific to the region.
antilles circulated
This transaction, which is subject to regulatory
approval, is expected to
close in four to six months. "Our industry leading service and unmatched
customer care continue to put us in a position of strength as we roll-out a
seamless pan-Caribbean
telecommunications network.
Digicel is incorporated in Bermuda and operates in nine countries
including
Aruba, Barbados, Curaao, The Cayman Islands, Grenada, Haiti, Jamaica, St. All
forward
-looking statements are based on information available to Metropolis
Technologies Corp.circulated deficiency
PRESS RELEASE
Digicel to Acquire Cingular Wireless' Caribbean Operations
By offering innovative mobile
services and community support, Digicel has
become a leading brand in the Caribbean and has placed
the region at the
cutting edge of mobile communications.
Harvey Naarendorp brings a wealth
of experience to the board of directors
and will drive the strategic direction of the Company.deficiency tourists
Lucia
, St.
Lucia, St. He was a member of the consultancy team that guided
Suriname's membership of
CARICOM in 1994 and has assisted in the drafting
of other international agreements. CARICOM Members
States are: Antigua &
Barduda; Barbados; Belize; Dominica; Grenada; Guyana; Haiti; Jamaica;
Montserrat;
Saint Kitts & Nevis; Saint Lucia; Suriname; The Bahamas; and
Trinidad & Tobago.
assumes no obligation
to update such statements.virgin antigua
"We see significant growth potential and
with strategic planning we intend
to maximize the effectiveness of our
entire operation.precautions dominican
barbados nevis
Under the terms of the agreement, Metropolis
will acquire all of the
outstanding shares of privately-held CyberGlobe for a total up-front
consideration
of $2. creates and distributes software products
designed exclusively for the Internet that are then
sold or licensed to
customers.precautions nevis
Cingular Wireless is a joint venture
between SBC Communications
Inc."
Digicel's investments in the Caribbean have exceeded $US600 million.
CyberGlobe
will streamline and improve communications between buyers and
sellers as partners and members are
integrated into the CyberGlobe
marketplace.
About Metropolis Technologies Corp.
This
announcement contains forward-looking statements regarding Metropolis
Technologies Corp.immune circulated
Digicel
Group, the fastest growing mobile
telecommunications provider in the Caribbean, announced today that
it has
entered into an agreement to acquire Cingular's Caribbean operations in a
multi-million
dollar deal that significantly increases the size of
Digicel's Pan-Caribbean network.
The acquisition
will also strengthen Digicel's market share in The Cayman
Islands, Grenada, St. The
Company anticipates
a 30 percent increase in staff by the end of 2006, due
to subscriber growth and market expansion
.
In addition to offering cutting edge technology, Digicel continues to
support a broad range
of social and cultural initiatives throughout the
Caribbean.
Most recently, he served as
Managing Director of global business operations for Pan Pacific Group
International Limited, where
he handled businesses in financial services,
development/construction, tourism, mining and manufacturing
sectors.jamaica barbados
This
agreement boosts market potential for Metropolis's products by providing
distribution
opportunities through CyberGlobe's network, creating
significant, new monetization opportunities
for the Company.
precautions advancing
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