World VoIP NewsVoIP communications provider Digerati technologies acquires Waste Deep
VoIP communications provider Digerati technologies acquires Waste Deep
Enterprise Digerati Technologies, Inc., being the prominent and award-winning enabler of cloud embedded telecommunications services, has announced about the commencement of a deal, where a definitive agreement for entrepreneurial synergy by100% capital stock acquisition of the promising Waste Deep, Inc.
This company is focused on oil field services with the focus in so called Bakken Formation. The stockholders of Waste Deep, will get brand new shares of DTGI stock, which will be readily transformable into DTGI Common Stock shares. The outcome of business pairing renders new bosses and executives to be appointed: Mr. John Howell as CEO and director. The business combination will not influence much Digerati's effective deployments and customer base. The enterprise will keep the pace to deliver cloud communication services across its operating subsidiaries. As an outcome of the deal, Digerati will be enabled to provide its cloud-based telephony services to the massively expanding Oil and Gas segments, a promising vertical market for any involved organization. Arthur L. Smith, former CEO of Digerati Technologies, Inc., explained, "The business unity with Waste Deep, Inc. is a considerable benchmark for Digerati that is essential to the expected operational performance of the Company, as for existing shareholders as for customers. Waste Deep, Inc.'s existing operational subsidiaries have the turnover and earnings that will support our shareholders' overall value. Our current staff will be empowered to concentrate on getting the boost in the market by means of Digerati's impressive subsidiaries list. The staff will keep the control of the current operations within a new subsidiary dubbed as the Shift8 Technologies, Inc., and will be like that until the subsidiary's value makes financial sense to operate independently." Expected Chairman and CEO, John Howell, explained also, "This business union delivers what we think to be a better value for all the involved shareholders. Oil field services companies in the Bakken are demonstrating growth rates that deliver an impressive platform for future acquisitions that take all the benefits of the intermediation between public and private deals multiples. We expect to add other promising acquisitions in the future." Digerati is an accustomed receiver of Deloitte and Touche's Fast 500 Award for naming as one of the 500 fastest expanding technology entities in North America. Digerati is dynamically addressing the global desires of businesses, looking for efficient, versatile, and cost-effective communication applications. Digerati's cloud-embedded services consist with a completely hosted VoIP, SIP trunking, data storage, and specifically configured VoIP solutions for tailored applications. Services are provided with unsurpassed reliability and features over Digerati's first tiered global VoIP network, being built in matter of a decade.
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