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Fusionen und Akquisitionen....
gruß storyhunter
HOMEX - Perth
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Strategic international acquisitions
DIRECTORS
It is proposed that Stephen Fitzgibbon, currently President and Chief
Executive Officer of Third-Rail and Michael Bouchard, currently
Chief Technical Officer and Integration Scientist of Third-Rail will
be elected to the Board of AMX following shareholder approval.
MR STEPHEN FITZGIBBON - CHIEF OPERATING OFFICER, AMERICAS
Steve currently holds the position of President/CEO Third-Rail based
in Nashua New Hampshire and will expand that role to Chief Operating
Officer, Americas. Possessing true entrepreneurial spirit, Steve has
spent the past 15 years as either the founder or co-founder of every
organisation he has dedicated his time and effort to. Steve was
instrumental in bringing a US microwave communications firm and a
German investment group together with a local African strategic
partner to form Africa's first broadband wireless communication
company (ANS). Steve is a 1983 graduate of the University of
Lowell's College of Engineering holding a Bachelor of Science in
Industrial Technology.
MR MICHAEL BOUCHARD - CHIEF TECHNOLOGY OFFICER
Michael is co-founder and Chairman of Third-Rail. With over 13 years
experience of senior management and executive experience in
developing digital network infrastructure, he has established himself
as both a technical visionary and hands-on enthusiast capable of
building AMX's worldwide IP network platform and thereby positioning
the company as a global leader. Michael has held key positions at
multinational organisations such as Syntrex (now Williams
Communications), Digital Equipment Corporation (now a division of
Cabletron), WANG Laboratories and Spike Technologies. He has
extensive experience in large-scale wireless and fibre infrastructure
integrations as well as Network Operations Control Systems/Centres
and wide area network designs. As the lead Systems Integration
Scientist for a Spike-led project, Michael oversaw the design,
implementation and integration of a nationwide wireless
infrastructure for the country of Venezuela.
MANAGEMENT
Mr Eric Akrofi will be appointed Chief Operating Officer, Africa.
Eric has the responsibility for developing the company's business
interests in Africa. Eric will assume the overall responsibility for
the expansion of AMX's broadband network throughout selected African
countries. Eric was educated in the US and holds a Bachelor of
Science in Electrical Engineering and Commerce and has worked for
General Motors, and on Wall Street with JP Morgan and Shearson Lehman
Hutton. He has accumulated over 16 years experience in business
development, operations management, strategic planning and finance.
Eric is currently a director of ANS.
FUNDING REQUIREMENT
The following funding is required to complete the transactions and
provide sufficient working capital to implement the respective
Business Plans:
Acquisition of Third-Rail A$ 5 million
Implementation of Third-Rail Business Plan A$ 7 million
Implementation of ANS Business Plan A$ 4 million
Australian Operations Roll-out A$ 4 million
Finance & transaction costs A$ 2 million
A$22 million
Accordingly, A$22 million will be raised to complete the transactions
and meet the funding requirements of the Business Plans over the next
two years. Funds will be raised through strategic placement to long
term financial institutions and investors of 88 million shares at an
issue price of A$0.25.
OBJECTIVES
In recent years, the volume of high-speed data traffic across
communications networks worldwide has grown dramatically as the
public Internet and private corporate Intranets have become essential
for communications and e-commerce. As users increasingly rely on
higher-bandwidth network applications and content for business and
personal use, they require cost-effective high-speed connections,
which are often unavailable or inadequate over the existing
wire-based network.
Although increased demand and deregulation have generated new
opportunities for communications service providers, bandwidth
limitations in the so called "last mile" have prevented operators
from exploiting these opportunities. The local access telephone
network typically consist of old copper wires originally designed to
transmit fixed-speed voice signals at a fraction of the speeds
accessible with other technologies. This last mile bottleneck is
frustrating a broad base of business users, many of which require
symmetrical access to high-speed data.
There are wire-based technologies that attempt to solve these
bandwidth constraints, but they do not meet the needs of many
operators who are seeking to offer high-speed communication services.
Communications service providers and cellular phone operators are now
seeking to capitalise on deregulation and increased demand to offer
high-speed services to subscribers. Many of these service providers
target business customers for whom alternate high-speed services are
unavailable, inadequate or not cost-effective. High-speed wireless
technologies can offer immediate coverage of a populated area and can
be deployed rapidly without dependence on the quality of or access to
existing wire-based networks.
The acquisition of Third-Rail gives AMX a unique opportunity to
secure a strategic worldwide position in the lucrative systems
integration market. Third-Rail is currently tendering for a number of
lucrative contracts to design, build and manage wireless broadband
networks within the US, Latin America and Africa. Third-Rail's
extensive experience and expertise will be beneficial to AMX for
assisting in the Australian deployment which is currently occurring.
Developing countries in Africa are making available spectrum
frequency to commercial businesses in order to stimulate economic
growth. This fact alone gives pioneering companies, such as AMX, who
are prepared to enter these markets a significant early mover
advantage.
The market in Africa is in a state of flux due to the embryonic stage
of development, coupled with the speed with which technology s
changing worldwide. However a few trends can be discerned. The need
for fast, reliable and affordable data, voice and video communication
systems for multi-site organisations is driven by developments in
other sectors of the economy such as banking, mining and
petroleum/oil sectors. The quality of information management has
become a key driver for competitive advantage in these sectors.
Demand in the African market is hindered, however, because of the
lack of infrastructure and perception of the lack of quality in
service solutions. ANS has a proven track record for delivering high
quality and reliable service particularly when compared to the
alternative terrestrial solution. The first to market advantage held
by ANS delivers wide ranging opportunities, which can now be
capitalised on.
To capitalise on these market opportunities, the major objectives of
AMX are:
* Deploy an Australia-wide broadband network providing high-speed data
transmission and Internet access at favourable pricing to
conventional and terrestrial services.
* Deploy a wireless broadband network across the United States
providing data, voice and Internet service to federal, state and
local government agencies.
* Expand the ANS network in Ghana to provide countrywide coverage.
* Expand ANS operations to other African countries where licenses
have been secured or access to licenses has been structured.
* Develop African market beyond the scope of current major
international client's needs.
* Seek a NASDAQ or New York Stock Exchange listing at the earliest
opportunity.
In light of the above transaction and pending shareholder approval
the Company requests a suspension of trading until the shareholder
meeting has been held.
W Loxton
MANAGING DIRECTOR
For further information contact:
Wayne Loxton
Phone: (08) 9474 1044
Email: amx@amx.com.au