Corporate Universe-COUV Acquisition/Name Change to Carrier Alliance Group Inc.
August 05 2011 - 5:50PM
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.
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