Wireless Age Communications Inc.

Wireless Age Communications Inc.

April 19, 2012 09:48 ET

Wireless Age Incorporates New Business Unit

TORONTO, ONTARIO--(Marketwire - April 19, 2012) - John G. Simmonds- Chairman and CEO of Wireless Age Communications Inc. (PINKSHEETS:WLSA), operating as Vertility Technology Corporation (www.vertilitytechnology.com) today announced that it has incorporated Vertility Solutions Corp. to acquire certain assets from a Toronto based Company for the purpose of setting up truck and trailer service centers in the greater Toronto area, ("GTA").

John Simmonds, Chairman & CEO stated, "initially we will have two locations in Mississauga near the Lester B. Pearson Airport in the GTA. We are already in discussions to broaden our coverage west to Hamilton and north to Vaughan.

We have been in touch with the owners of several large fleets who are already existing customers of our new partner. We are assuming the existing leases for the two buildings totalling 27,000 sq. feet.

We expect to be operational on May 1, 2012. The historic monthly revenues are in the $200,000 per month range and we expect through expansion these can be raised to $400K to $500K per month by the end of this year. We will be offering employment to the existing staff, including the current owners and some members of their family.

We will be announcing our Grand Opening on May 1, 2012, along with new additions to our management team."

Vertility Technology Corporation is a public company focused on acquiring and expanding companies providing end-to-end life cycle solutions for waste and energy efficient products and services for residential, commercial and industrial end users.

This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.

Contact Information

  • Wireless Age Communications Inc.
    Mr. John G. Simmonds
    Chairman, President and Chief Executive Officer
    905-833-2753 ext. 223