 
VIRGIN TECHNOLOGIES INC. TO ACQUIRE CETEC COMMUNICATIONS
INC.
Deal to Give Customers Access to Secure, Reliable Telecommunications Solutions EDMONTON, AB AND CALGARY, AB - FEBRUARY 14, 2008: Edmonton-based satellite telecommunications company, Virgin Technologies Inc, today announced that it will acquire Calgary-based Cetec Communications Inc., in a move that will substantially increase revenues and establish it as a major player in Canada's satellite telecommunications market. Virgin Technologies specializes in innovative satellite telecommunications solutions, typically used in VoIP telephone and fax services, secure VPN over satellite, remote site monitoring and data reporting, and secure mission critical communications. Cetec Communications has two main product and service lines: satellite telecommunication solutions, including both fixed and mobile satellite solutions for well-site completions, and data management, including secure monitoring and transmission of well-site completion data. Virgin Technologies' President & CEO, Robert Smibert, said the acquisition would mean several significant changes for Virgin Technologies, in terms of market access and integration for the Company's various products and services. "This not only substantially increases our revenue, but it also effectively diversifies our offering with complementary technologies and access to diverse market segments for all our products and services," Smibert said. Cetec Communications will retain its office in Calgary, with limited changes to company structure to accommodate the acquisition. The acquisition means that Virgin Technologies will not employ Cetec's staff, and can focus on leveraging some of Cetec's high-profile projects, according to Cetec's General Manager, John Cameron. "Becoming part of Virgin Technologies gives us the capacity to expand further while also improving service to our existing customers," Cameron said. "We're very excited about this acquisition. Virgin Technologies has added extra revenue, but also fantastic talent in Cetec's existing staff, a service-oriented company to add value to our existing offering, a major player across several diverse, but complementary, market segments and a secondary base from which to launch further R&D," Smibert said. -ends- Virgin Technologies was founded in 2000 and is based in Edmonton, Alberta. Virgin Technologies markets its solutions in Canada, the United States and Internationally. The company is a private equity firm. Cetec Communications was established in 2000 and is based in Calgary, Alberta. Cetec specializes in delivering mission-critical telecommunications solutions to the oil & gas well-site completions sector. Further Information: Robert Smibert Tom Harmon Issued by: Jodie Tessier |
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