NNRF, Inc. (OTC PINK: NNRI) announced today that it has acquired 100% of
the shares of the privately held corporation, Brookside Pershing, Inc.,
and its wholly owned subsidiary Spectrumlink, Inc. (www.spectrumlink.net).
Through this acquisition, NNRF will acquire a high speed internet and
phone (VoIP) business which utilizes the latest state of the art
technology of fixed wireless and fiber optic networks.
“We have looked at a lot of different businesses that would bring value
to our current shareholders, and Brookside Pershing brings a dynamic
that I believe will bring a lot of growth to the company,” said NNRF
CEO, Kevin Kading.
Brookside Pershing, Inc. is a holding company that invests in technology
and media companies. Brookside Pershing recently completed its
acquisition of Spectrumlink. “I’m excited about the timing to be in the
Wi-Fi market,” commented Brookside Pershing CEO and Spectrumlink
President, Nyhl Henson, “There are a lot of advantages to being in the
industry right now. Between legislative changes and advancements in
technology, and the planned expansion in Muni Wi-Fi, our timing couldn’t
be better.”
Spectrumlink launched its service in downtown Los Angeles last year from
its technology center located at One Wilshire, along with a second site
at 900 Alameda. The company has targeted the downtown district to offer
its service and has opened its corporate offices in Downey, California.
Spectrumlink will offer its services to the 5,000 businesses in the
Downey-Santa Fe Springs-Whittier triangle this summer.
"Our business model is to provide business owners nationwide, large and
small, a better, cheaper and faster broadband service,” stated
Spectrumlink founder, Bernard Smith-Mayfield.
About NNRF, Inc.
NNRF, Inc. (OTC PINK: NNRI). The company is a diversified holding
company with business operations and investments.
FORWARD-LOOKING STATEMENTS:
Certain of the above statements contained in this press release are
forward-looking statements that involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning of
that term in Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Readers are cautioned that any
such forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may differ
materially from those indicated in the forward-looking statements as a
result of various factors.
Copyright Business Wire 2015