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| Enabling growth for wireless broadband companies | Omnicity Secures Major Financing
Arrangement to Accelerate Its Acquisition Strategy RUSHVILLE, IN--(MARKET WIRE)--Mar 3, 2009 -- Omnicity Corp (OTC BB:OMCY.OB - News) - Omnicity and Agility Ventures, LLC, an alliance partner, closed an Agreement to add an additional $1,000,000 Master Lease facility which will assist Omnicity in the furthering of its mission to bring broadband to rural America and to accelerate its acquisition strategy. This new facility is in conjunction with an earlier agreement the companies signed in November of 2006. Agility Ventures specializes in financing and consulting for the wireless broadband market. Founded by owners and managers of successful Wireless Internet Service Providers (WISPs) and equipment finance companies, Agility offers a compelling partnership to Omnicity. Agility's expertise and experience allows it to establish and maintain relationships with investors knowledgeable of the WISP market allowing Agility to be flexible and creative in structuring and funding transactions for network operating equipment and customer premises equipment. Agility's VP, Bill MacNamara, commented, "We are pleased with our ongoing relationship with Omnicity as they continue to grow at a rapid pace throughout Indiana and the Central United States." Commenting on the alliance between the two companies, Omnicity CEO Dick Beltzhoover said, "We are very excited about the partnership with Agility Ventures. They understand the wireless and fiber optic transport market and will assist Omnicity financially in building a carrier-grade network across the United States." Omnicity continues to grow its network and is one of the largest fixed Wireless Internet Service Provider (WISP) in the Midwest and intends to grow rapidly through organic growth and through acquisitions of other WISPs in rural America. About Omnicity: About Agility Ventures: Forward-looking statements, made pursuant to safe harbor provisions of the PSLR Act of 1995, inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. By making these forward-looking statements, the Company undertakes no obligation to update these statements for changes after the date of this release. Contact:
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Agility Ventures LLC |
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