Varsity Media Completes Wireless Grids Corporation Merger
AUSTIN, Texas, -- Varsity Media Group Acquisition Corp, a wholly owned subsidiary of Varsity Media Group, Inc, (VMG), announced today that it has completed its merger with the Wireless Grids Corporation (WGC). WGC, a Delaware Corporation, based in Syracuse New York was spun out of Syracuse University to commercialize the research concepts and intellectual property produced in its labs. The WGC software based solution is a next generation application that transforms computer networking and wireless infrastructures' (all devices) ability to interact seamlessly with zero to little configuration. WGC has been recognized as one of the '9 Wireless Companies to Watch' (Network World, 8/2008). Along with its four pending patents, WGC's planned software products will allow devices to function interchangeably and some of the most recent highlights include:
•Intel(R) Certified Program Partner
•Nokia - Academic Research Support Partner
•Syracuse University - Academic Research Partner
•National Science Foundation (NSF) - Academic Research Support Partner
"I am excited at the tremendous opportunity for WGC partners, employees, and shareholders that the merger with VMG represents," said former CEO and Professor Lee McKnight, Ph.D. ""The combination of VMG's management and financial expertise with WGC's ground-breaking software will create a world market leader." Kelly Hoffman, VMG Chairman, adds, "This union furthers our mission to revolutionize the way the world utilizes the impressive features on new devices, as well as newly generated value from versatile access to existing devices and the content that resides on them." The merger forges together the software expertise and significant academic research accomplishments of WGC with the extensive corporate relationships and proven successful professional management of VMG. In summary, the ultimate goal of the combined entity is to provide the next generation software communication platform, for mobile and wireless electronic devices.
VMG is also very close to finalizing several announcements as it relates to leadership, product development and other significant relationships. Upon successful business integration of WGC in the VMG structures, VMG intends to expand beta testing of its software solution beginning late in the fall of 2009 with corporate and government agencies in the U.S., which could include partnerships with Intel, Sprint, Newhouse/Brighthouse, Twitter, Qualcomm, Clear Channel, National Science Foundation (NSF) and Syracuse Research Corporation.
•Intel(R) Certified Program Partner
•Nokia - Academic Research Support Partner
•Syracuse University - Academic Research Partner
•National Science Foundation (NSF) - Academic Research Support Partner
"I am excited at the tremendous opportunity for WGC partners, employees, and shareholders that the merger with VMG represents," said former CEO and Professor Lee McKnight, Ph.D. ""The combination of VMG's management and financial expertise with WGC's ground-breaking software will create a world market leader." Kelly Hoffman, VMG Chairman, adds, "This union furthers our mission to revolutionize the way the world utilizes the impressive features on new devices, as well as newly generated value from versatile access to existing devices and the content that resides on them." The merger forges together the software expertise and significant academic research accomplishments of WGC with the extensive corporate relationships and proven successful professional management of VMG. In summary, the ultimate goal of the combined entity is to provide the next generation software communication platform, for mobile and wireless electronic devices.
VMG is also very close to finalizing several announcements as it relates to leadership, product development and other significant relationships. Upon successful business integration of WGC in the VMG structures, VMG intends to expand beta testing of its software solution beginning late in the fall of 2009 with corporate and government agencies in the U.S., which could include partnerships with Intel, Sprint, Newhouse/Brighthouse, Twitter, Qualcomm, Clear Channel, National Science Foundation (NSF) and Syracuse Research Corporation.
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