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Wireless Age Extends Corporate Reach with Latest Green Energy Acquisition

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April 19, 2011

Wireless Age Extends Corporate Reach with Latest Green Energy Acquisition

By Mini Swamy
TMCnet Contributor

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Company officials stated that Wireless Age has positioned itself to benefit from the rapidly growing 'green' and renewable energy marketplace. To this end it has been adding environmentally focused and cost-saving solutions to the business and corporate sector.


This strategy of helping companies reduce their 'carbon footprint' and offering increased energy efficiency to the commercial sector gained further ground when Wireless Age Communications acquired Innovative Solutions.

In conjunction with the acquisition, the company has launched a new Web site for Innovative Solutions that highlights their solutions and technologies. Innovative Solutions has provided clients across North America with operational cost-saving solutions for more than 15 years.

In a press release, Roland Kielbasiewicz, President of Innovative Solutions, expressed great pleasure in joining the Wireless Age group of companies and commented that their dedication and vision of building a world-class selection of truly efficient and green-focused products and services was a perfect fit.

Wireless Age acquired Innovative Solutions for a payment of 1.5 million shares and a further 1.5 million shares when the performance target of $5.0 million in revenue is achieved. There will be an additional 2.5 million in warrants when the $10 million target is reached.

"We are very pleased to have Innovative Solutions join the Wireless Age family of companies. The acquisition of this dynamic organization enables us to offer increased energy efficiency to the commercial sector and empower environmentally minded businesses to reduce their carbon footprint," said John Simmonds, Chairman and CEO of Wireless Age Communications Inc., in a statement.

Kielbasiewicz concluded by saying that Innovative would utilize Wireless Age's greater corporate reach to deliver its unique services to the commercial sector with increased operational savings by leveraging shared best products and practices.

In a related news release, Wireless Age Communications, Inc, announced that it has acquired 70 percent of Sunbay Energy Corporation.


Mini Swamy is a contributing editor for TMCnet. To read more of her articles, please visit her columnist page.

Edited by Rich Steeves

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