Bicoastal Communications, Inc. in Merger Negotiations With VoIP Wireless Communications Company7 April 2006
Bicoastal Communications, Inc. (OTC: GARS) ispleased to announce that the company is currently involved in mergernegotiations with a wireless communications company. The name of thecompany cannot be disclosed at this time. Upon acceptance of a Letter ofIntent to acquire the company and merge, the name and more detailsregarding the company will be announced. Hale Hitchcock, CEO of Bicoastal Communications, stated, "As previouslydisclosed in prior press releases, the company is pursuing a strategy ofexpansion into various areas of wireless and VoIP communications. Thismerger, if it is accepted, will solidly position the company in the spaceand provide added value for shareholders." He added, "We are workingdiligently to complete this deal in as timely a manner as possible." About Bicoastal Communications, Inc. Bicoastal Communications, Inc. is focused on acquiring revenue producingentities engaged in the business of telecommunications. The companyintends to become an international provider of telecommunication services,including VoIP service, pre-paid phonecards and other related technologies. Safe Harbor Statement The statements made in this press release, which are not historical facts,contain forward-looking statements concerning potential developmentsaffecting the business, prospects, financial conditions and other aspectsof the company to which this release pertains. The actual results of thespecific items described in the release, and the company's operationsgenerally, may differ materially from what is projected in suchforward-looking statements. Although such statements are based upon thebest judgments of management of the company as of the date of this release,significant deviations in magnitude, timing and other factors may resultfrom business risks and uncertainties including, without limitation, thecompany's dependence on third parties, general market and economicconditions, technical factors, the availability of outside capital, receiptof revenues and other factors, many of which are beyond the control of thecompany. The company disclaims any obligation to update informationcontained in any forward-looking statement. Contact:Bicoastal Communications, Inc.Mr. Hale HitchcockCEO702-987-0395 SOURCE: Bicoastal Communications, Inc.
Source: marketwire
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