Scottsdale, Arizona 10/31/2009 2:31:48 AM
News / Finance

Omnicity Corp. (OMCY.OB) Issues Corporate Update to Investor Community

QualityStocks would like to highlight Omnicity Corp. (OTCBB: OMCY). Omnicity is a public company based in Indiana providing broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets and is planning to be the premier consolidator of rural market broadband nationwide. Omnicity's strategy is to provide a total broadband solution and continue rapid growth through acquisitions, organic growth and continue to partner with Rural Electric Membership Co-ops and Rural Telephone Companies.

 

In the company’s news yesterday,

 

Omnicity Corp. updated the investment community with a formal corporate update summarizing the milestones achieved and the status of Omnicity’s aggressive fiscal 2010 growth plan through acquisitions and organic growth.

 

David Bradford, Chief Operating Officer of Omnicity, stated, “In the first 8 months, since completing our public listing, we proved our acquisition model works very well. We have completed five acquisitions and integrated them into Omnicity operations very smoothly. All these acquisitions were highly accretive, coming over with high operating margins, and some of them yielded high quality employees as well.”

 

Mr. Bradford continued, “We have a number of additional acquisitions in various stages of closure, with more to follow, and expect to close and integrate them with the same fine results. These acquisitions alone, combined with an aggressive set of sales and marketing campaigns, should put us well in excess of 11,000 subscribers and annualized running rate revenue of well over $5 million by the end of the next fiscal year.”

 

Omnicity’s plan of operations through its 2010 fiscal year includes:

 

* completing further debt and equity offerings of $5,000,000 and building

current ratio of 1.5:1 by December 31, 2009;

* completing several acquisitions to double subscribers to over

11,000 and doubling revenue to $1,300,000 per quarter;

* developing and expanding, through organic growth, the subscriber base

through its sales and marketing program;

* acquiring and transitioning into its operations assets of competing WISP

operators and expanding its network into all of Midwest USA;

* reaching operationally cash flow positive and building a liquidity floor

under operations of $100,000 minimum by December 31, 2009;

* continuing to partner with Rural Electric Membership Cooperatives

“REMCs”, local and State governments, Rural Telcos and Original

Equipment Manufacturers “OEMs” to efficiently and cost effectively

expand our network across rural America;

* developing and expanding service offerings to become a total

broadband solution; and

* completing a further staged equity offering of $10,000,000 by

July 31, 2010 followed by an application to list on a senior stock

exchange.

 

About QualityStocks

 

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.

 

To sign up for “The QualityStocks Daily Newsletter” please visit http://www.qualitystocks.net/

 

Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net 

 

Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.