Omnicity Corp. (OMCY.OB) to Accelerate Its Acquisition Strategy with $1.17 Million Financing Agreement

In the company’s news yesterday,

Omnicity Corp announced the closure of $1,170,000 in financing. This capital will be used to complete several asset purchase agreements in various stages of closure, assisting Omnicity in the furthering of its mission to bring broadband to the Heartland of rural America.

Greg Jarman, CEO of Omnicity, stated, “This financing allows us to accelerate our growth strategy and allows us to close on our acquisitions quickly. These acquisitions, combined with an aggressive set of sales and marketing campaigns, should more than double our subscribers, our network infrastructure and revenues. Subject to these acquisitions closing, it will be the second time we have doubled our business in the first year since going public.”

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