SOURCE: Unilava Corporation

December 02, 2009 09:10 ET

Unilava Corporation Completes Acquisition of IBFA, a Provider of a Broad Range of Telecom Services Throughout the United States

Acquisition Also Gives Company Access to Market Its Products and Services to 4.5 Million Targeted, Potential Customers

SAN FRANCISCO, CA--(Marketwire - December 2, 2009) - Unilava Corporation (OTCBB: UNLA), a provider of advanced communications products, services, and equipment that address the needs of businesses and consumers, announced today that the company has completed its acquisition of IBFA Acquisition Company, LLC (IBFA), including the transfer of regulatory licenses in 41 states approved by the Federal Communications Commission (FCC). The announcement was made by Mr. Baldwin Yung, President and CEO of Unilava Corporation (

IBFA, a licensed Competitive Local Exchange Carrier (CLEC), long distance provider, and Internet Service Provider (ISP) based in the Midwest since 1995, owns licenses to provide competitive local exchange services in 11 states, long distance services in 41 states, and ISP services nationwide.

IBFA's long-term marketing efforts, which so far have resulted in a relationship with 4.5 million people, opens the door for Unilava Corporation to market its various products and services to millions of targeted, potential customers. Currently, more than 55,000 of the 4.5 million are already paying customers, and this acquisition now adds that many more customers to Unilava Corporation's customer base.

"The closing of this acquisition, which originated in 2008, comes after many months of due diligence and approval by the FCC. "Now that the acquisition is complete and ownership of the regulatory licenses is in the Unilava Corporation name, we can continue to build value through organic growth and other acquisition opportunities with significant top line revenue and positive EBITDA, while expanding our service offerings and broadening our customer base," commented Mr. Chris Chen, Executive Vice President of Unilava Corporation. "We are appreciative for the cooperation of all related parties and government agencies for this transition of ownership," he added.

"This acquisition provides an excellent platform for growth," commented Mr. Baldwin Yung, President and CEO. "We are confident in Unilava Corporation's business strategy in expanding product and service offerings to our existing and future customers."

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.

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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.

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