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Published in House and Home on Friday, December 4th 2009 at 6:15 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
SAN FRANCISCO, CA--(Marketwire - December 4, 2009) - [ Unilava Corporation ] (the "Company") (
"We are excited to have reached a major milestone by bringing the Company to the public markets," commented Mr. Baldwin Yung, President and CEO of Unilava Corporation. "The public markets will provide many opportunities to present our Company to both institutional and retail investors as we look to grow organically and through a roll-up strategy within the diversified communications and technology sectors."
Founded in 2003
The Company was founded in 2003 under its wholly owned subsidiary, Telava Networks, Inc. ("TelavaNV"), a Nevada corporation. TelavaNV provides online advertising and directory listings for small and medium sized businesses throughout the United States. In May 2006, TelavaNV formed Telava Wireless, Inc. as a subsidiary for the purpose of entering the mobile wireless broadband solutions market, and in November 2006, the Company acquired 40 carrier-grade microwave towers. The Company provides next generation fixed and mobile wireless broadband solutions to small and medium businesses, and other telecommunications service providers in various markets through its network.
Expansion into International Markets
In 2006, the Company formed Local Info Pages, Inc. ("LIP"), headquartered in Seoul, South Korea. LIP is one of the leading direct marketing and business service companies in Korea, connecting advertisers to targeted audiences through its network advertising products and services. In January 2007, the Company acquired Ttoore, the 2nd largest coupon advertising and publishing company in South Korea, to expand its products and services solution to enable businesses with advertising solutions, including mobile advertising, print, mail and online services. The Company later changed the name to Counia, meaning coupon mania, for better brand recognition.
The Company has continued global expansion of strategic marketing centers into Manila, Hong Kong, and Beijing, offering multi-language sales and marketing services to small and medium businesses.
Formed Acquisitions Division
In 2007, the Company formed Telava Acquisitions, Inc. as a wholly owned subsidiary for the purpose of acquiring other related businesses. The Company expanded its telecommunication infrastructure and services through the acquisition of IBFA, a licensed Competitive Local Exchange Carrier (CLEC) and long distance provider.
Today: Parent Company Unilava Corporation (
In November 2009, the parent company changed its name to Unilava Corporation to encompass all its subsidiary brands, trading under new symbol: UNLA.
Today the Company has four defined divisions under the brand name "Telava," a Unilava Corporation subsidiary brand, which is comprised of Telava Business, Telava Residential, Telava Mobile, and Telava Wireless, currently offering a variety of tools and platforms to facilitate and maximize interaction for businesses and consumers.
Telava Business: Focusing on small and medium business needs, Telava Business solutions offers a variety of communication tools and marketing platforms, such as Hosted VoIP, Broadband Wireless, Video Email, Mobile Couponing, Online Business Directories and Call Center support. The Company's network is designed to provide channels of advertising opportunities through 1,500 telemarketing agents worldwide and distribution to over 28.5 million small business and residential listings in the US, and 6.7 million to small to medium business listings in Asia. There are strategic partnerships in place with major LECs including Verizon, AT&T, Ameritech and the Better Business Bureau. The Company currently has over 30,000 active business customers.
Telava Residential: Upon the acquisition of IBFA, the Company provides residential products and services in the United States, such as Local and Long-Distance, Internet, Mobile, Travel and Roadside Assistance.
Telava Mobile: The Company recently announced the new mobile division to provide "Mobile Virtual Network Operator" (MVNO) services. This will enable the Company to leverage its own infrastructure and capitalize on partnerships to provide small to large businesses and consumers CDMA, GSM, 3G and mobile convergent products.
Telava Wireless: The Company currently owns 40 microwave towers across the United States and is building a wireless broadband network, leveraging both licensed and unlicensed wireless frequencies as appropriate, with its own nationwide network footprint covering in major cities and markets.
"We are positioned to capitalize in an acquisition strategy. With our proven record of growing the Company over the last six years, we believe that 2010 will bring an exciting hyper growth phase for the Company," added Mr. Baldwin Yung. "We will inform our shareholders and the investment community of any corporate developments as we look forward to building a strong shareholder base and enhancing shareholder value."
About Unilava Corporation
Unilava Corporation and its subsidiaries provide a wide variety of communications services, products and equipment that address the needs of small to large businesses and consumers. The company is licensed to provide long distance services in 41 States and local phone services in 11 States. Through its carrier-grade microwave wireless broadband infrastructure and broadband Internet access partners, the company offers mobile and high-definition IP-hosted voice services to residential, small and medium enterprises. The company delivers small business a comprehensive and integrated suite of fee-based online and mobile advertising and web services. Headquartered in San Francisco, the company has regional offices in Chicago, Seoul, Hong Kong, and Beijing. For more information, please visit [ www.unilava.com ].
This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.