NEW YORK--(BUSINESS WIRE)--Corporate Universe, Inc. (Pink Sheets:COUV) announced today the acquisition of Carrier Alliance Group, www.carrierally.com, which is a leading broker of Voice & Data communications solutions which includes, T1’s, OC3’s, National POTS’s Lines, Hosted PBX as well as a variety of other Voice & Data solutions for small- to medium-sized businesses across the United States & Globally. Concurrent with this acquisition Corporate Universe will divest Manhattan Transfer Registrar Company.
Looking forward the change in business at this time seems better suited for our shareholders and the direction of our business, there is no net effect to the capitalization of the company, simply a change in control and the controlling shareholder of the company. Mr. John Ahern has resigned as CEO of Corporate Universe and will continue to run Manhattan Transfer as a privately held company.
Christopher Panzeca will assume the CEO position; as well the company will be changing its name to Carrier Alliance Group Inc., and will apply for a new symbol. Carrier Alliance Group has been in business for 6 years with billings in excess of $5 million US and is a profitable operation, the business model will be to grow the company through a series of identified acquisitions to attain critical mass and cost savings. The company will be putting out a full corporate update and setting up an investor relations section on the company website. The intention is to immediately update all information and financials for the public, and achieve top tier listing on the Pink Sheets. Within the next 12 months we intend to seek up listing to a senior exchange which will be determined by our fundamentals at the time of listing.
Mr. Panzeca stated, “I’m pleased to enter the public markets at a time in which I feel offers incredible opportunity, the valuations at which we can make acquisitions, the value add of consolidating services and features and the rate at which we can access capital makes this a very exciting opportunity, I look forward to engaging in the process and creating value for our existing and new shareholders”.
About Carrier Alliance Group Inc.
Carrier Alliance Group through its strategic partnerships is a leading provider of voice & data communications solutions for small- to medium-sized businesses across the United States & Globally. Our network-based solutions include T1’s, OC3’s, National POTS’s Lines, Hosted PBX as well as a variety of other Voice & Data and high-bandwidth Internet access products.
Established in 2006, we are headquartered in New York City, NY with offices in Long Island NY, Miami FL, and Los Angeles CA. Our experienced and dedicated team of telecommunications professionals has over 150 years of combined telecom experience. In addition, we have unique relationships with over 100 different carriers, delivering nationwide and worldwide coverage with a complete offering of voice & data services.
Forward-Looking Statement
Some of the statements made in this press release are forward looking in nature. These statements are based on management's current expectations or beliefs. These forward looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, many of which are outside Carrier Alliance’s control, which could cause actual events to differ materially from those expressed or implied by the statements. The most important factors that could prevent Carrier Alliance from achieving its stated goals include, but are not limited to: the current economic conditions; and disruptions in the financial markets that could affect Carrier Alliance ability to obtain additional financing. Additional factors include, but are not limited to, the company's ability to: increase and maintain the volume of traffic on its network; develop effective business support systems; manage system and network failures or disruptions; develop new services that meet customer demands and generate acceptable margin; adapt to rapid technological changes that lead to further competition; attract and retain qualified management and other personnel; successfully integrate acquisitions; and meet all of the terms and conditions of debt obligations. Additional information concerning these and other important factors can be found within Carrier Alliance’s filings with the Securities and Exchange Commission. Statements in this press release should be evaluated in light of these important factors. CAG is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.