Berliner Retains Kidron Corporate Advisors to Identify Acquisition Opportunities
Berliner Retains Kidron Corporate Advisors to Identify Acquisition Opportunities
ELMWOOD PARK, N.J., March 26 /PRNewswire-FirstCall/ -- Berliner Communications, Inc. ("Berliner" or the "Company") (BULLETIN BOARD: BERL) , an end-to-end provider of outsourced services for the wireless communications industry, today announced that it has engaged Kidron Corporate Advisors LLC ("Kidron") as a financial and strategic advisor to assist it in identifying and exploring potential acquisition opportunities for the Company.
Kidron has advised on a wide variety of transactions and advisory projects, specializing in acquisitions and divestitures, with a focus on emerging technology and media companies.
"Berliner continues to grow organically and through the successful integration of three acquisitions in the last fiscal year, working with a number of wireless carriers across the U.S. in maintaining and upgrading their networks," said Berliner Chairman and Chief Executive Officer, Richard Berliner. "We believe that our financial success in fiscal 2008 makes this the right time to consider making selected strategic acquisitions. We view Kidron as being a very good fit for us, given their ability to bring multiple disciplines to the table, and their reputation for working very closely with their clients to understand their needs."
Mark Segall, Senior Managing Director and founder of Kidron Corporate Advisors LLC, stated, "Berliner offers potential partners an established infrastructure across the U.S. and strong relationships with a broad range of wireless companies. In 2007, the company established its ability to successfully and quickly close acquisitions and, more importantly, execute effective integration plans to realize the potential of these newly acquired assets. We believe there are many potential merger or acquisition candidates in the wireless infrastructure and specialty communication services fields that will complement Berliner's business and participate in the Company's growth."
About Berliner Communications, Inc.
Berliner Communications, Inc. and its wholly owned operating subsidiary, BCI Communications, Inc., are headquartered in Elmwood Park, New Jersey. BCI is an end-to-end provider of outsourced services for the wireless communications industry, including planning, deployment and management of network build-outs. BCI provides wireless carriers with comprehensive real estate site acquisition and zoning services, radio frequency and network design and engineering, infrastructure equipment construction and installation, radio transmission base station modification and project management services. For more information about Berliner's services, please visit http://www.bcisites.com/.
The statements in this press release, which are not historical fact, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, without limitation, statements regarding our fiscal 2008 results, the ability to achieve our sales and profitability goals, our perception of future industry trends and the potential positive impact our business prospects, and other such statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from ours expectations. Such risks and uncertainties include, without limitation, risks detailed in our filings with the United States Securities and Exchange Commission, the risk that future trends we have identified do not materialize or if they materialize that they do not have the beneficial effect we anticipate, as well as the risk that we will not be able to achieve our sales and profitability goals. All forward- looking statements in this document are made as of the date hereof, based on information available to us on the date hereof, and we disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events or otherwise.
Source: Berliner Communications, Inc.
CONTACT: Investors - Todd Fromer, +1-212-896-1215, tfromer@kcsa.com, or
Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Strategic
Communications, for Berliner Communications, Inc.
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