VOIP to Acquire Apex Sight

VOIP Inc. signs letter of intent to acquire WLAN technology company Apex Sight

April 19, 2004

1 Min Read

FORT LAUDERDALE, Fla. -- VoIP, Inc. (OTCBB:VOII) today announced that it has signed a Letter of Intent to acquire Apex Sight, LLC., a Calif.-based WiFi technology company which will become a wholly owned subsidiary of VoIP, Inc.

Apex Sight, LLC. designs and manufactures high-speed, wireless fidelity (WiFi) products for the growing wireless local area networking (WLAN), public WLAN (PWLAN), and wireless Internet service provider (WISP) markets. Apex Sight's patented, proprietary designs are based upon the latest innovations in 3rd and 4th-generation WiFi technology. Andrew Corp, one of the world's largest antenna distributors, will market Apex Sight's antennas in over 40 countries.

The pending acquisition of Apex Sight will continue VoIP, Inc.'s expansion in the field of Voice over IP and WiFi technology. The expected convergence of the two technologies will create shareholder value by allowing VoIP, Inc. to dominate the industry by providing a combined solution provided by Apex Sight and VoIP Solutions, Inc.'s technology.

VoIP, Inc. has recently joined the Worldwide Interoperability for Microwave Access (WiMAX). Steven Ivester, CEO of VoIP, Inc., noted, "The true market success of any particular technology can only be realized through global standards and concerted efforts to ensure the interoperability of multi-vendor products. This, in turn, will result in economies of scale and, ultimately, a healthy competitive environment."


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