Rocket City (RCTY) Completes Acquisition of Software Company GIGcom, Inc. From Online Sales Strategies, Inc. (OSSG)
ORLANDO, Fla.--Rocket City Enterprises, Inc. (Pink Sheets:RCTY) announced today that it has completed the strategic acquisition of GIGcom, Inc., a leading full-service online solutions provider for small and medium businesses. The acquisition marks the continued expansion and positions RocketCity as a diversified service and software company.
GIGcom delivers large scale IT solutions to businesses worldwide and has been in operation for 10 years enjoying a reputation for quality service to small and mid-size companies. GIGcom services include domain registration, web site hosting and design, e-mail accounts, search engine optimization, sponsored ad management, e-commerce solutions, live operator support and e-Learning applications. Matthew A. Brown, President of GIGcom with over 15 years experience in the industry, will be joining RocketCity as President and Chief of Technology. Mr. Brown brings in-depth experience with IT related companies, ISP/ASP applications and an extensive knowledge of franchising, including specializing in contract negotiations with Fortune 500 companies.
GIGcom, Inc. President Matthew Brown said, “We believe that this transaction creates significant value for our shareholders and provides excellent opportunities for continued growth for the combined company. Our customers can also anticipate a richer set of offerings within an organization that will be even better positioned moving ahead. We see this as the right move for GIGcom, and we look forward to joining the RocketCity family.”
“As a result of this transaction, we expect to derive savings from a number of sources, including reducing public company expenses, combining infrastructure functions where appropriate, and providing our sales teams with a broader portfolio of product offerings. Over the past 3 years, we have established ourselves as a leading provider to the automobile industry by leveraging our talent and technology across the entire company. By working with Mr. Brown and the dedicated team at GIGcom, we’re confident that, together, we can succeed with this same strategy,” states Jeff Roman, CEO and Chairman of Rocket City Enterprises, Inc.
About Rocket City Enterprises, Inc.:
Rocket City Enterprises, Inc. is a publicly traded company (Pink Sheets:RCTY) and was formed to acquire, manage, supervise and operate corporations specializing in auction services, e-commerce, software development, technology and retail automotive operations. RocketCity is an online solution provider for a variety of web-based platforms and offers proprietary software, technology, personnel and design solutions to hundreds of automotive dealerships around the country and additional partners throughout the marketplace.
Visit them on the web at www.RCAU.com to learn more.
Learn more about GIGcom by visiting: www.GIGcom.com.
Disclaimer:
Cautionary Statement about Forward-Looking Statements
This press release contains "forward-looking statements," which are statements related to future, not past, events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements. These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.