SOURCE: Travana Networks Inc

April 17, 2007 07:00 ET

Travana Networks Incorporated Signs Letter of Intent to Acquire CableTec Group of Companies

HOUSTON, TX -- (MARKET WIRE) -- April 17, 2007 -- Charles Shirley, CEO of Travana Networks Incorporated (PINKSHEETS: MRDV), has signed a letter of intent to acquire all of the ownership shares of CableTec Business Network Solutions Inc. and also CableTec Business Telecommunications Limited both of Dartmouth, Nova Scotia, including the subsidiary, CableTec Business Telecommunications Newfoundland Limited, collectively "CableTec."

Shirley commented: "We are very pleased to be moving forward with the acquisition of CableTec. This acquisition will position the company for further growth through consolidation of established business network service providers in Canada and the United States."

Clair Callaghan, President of CableTec, stated: "We look forward to the synergy and opportunities for growth in joining Travana and its telecom integration services company."

About CableTec

CableTec has been providing business communications solutions, lines, equipment and services across Atlantic Canada for the past 23 years. The company has established and maintains a leading market position in the design and implementation of a complete facility-based, response driven healthcare communications solution designed to monitor patients and notify attendants utilizing wireless technology. Today, CableTec is a full service communications provider, engaged in the delivery and management of IP network services including voice (VOIP), data and video.

About Travana Networks Incorporated

Travana Networks Incorporated, FKA Mesa Resort Dev. Corp., is focused on providing a full range of telecommunications equipment and services for both the regulated and the competitive telecom service provider through its recent acquisition of EIT Inc., Sanford, Florida. Travana provides consulting services, to assure the telephone company selects the proper equipment, engineering services, to ensure adequate planning of their network, and furnish equipment, including legacy and next generation central office switches and next generation power plants.

Forward-Looking Statements

You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons. For further details please request and review the official Offering Document. For further information about EIT and CableTec please refer to Web sites www.eitinc.us and www.cabletec.ca.

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