Adsero Corp. (“Adsero”, OTC: ADSE) announced that is has completed the acquisition of Quantum Telecom Group (“Quantum”) effective April 11, 2008. As a result of the acquisition the Company has changed its name to “Quantum Telecom Inc.” with the new symbol of QTMI.
Quantum, through its subsidiaries, signs licensing agreements, designs, manufactures via partners, sales and distributes of custom designed and OEM mobile phones. These licensing agreements are with highly recognized global branded companies and allow Quantum to build on the entrenched image of the successful brands.
As part of the transaction the former of shareholders of Quantum have the right to elect the majority of the board members of the Company. In addition the Company has appointed Momi Nahum as CEO and a member of the board. Mr. Nahum was the founder and CEO of Quantum. Previously he was a founder and CEO of Mytec Europe, the exclusive distributor for Haier Electronics. Prior to Mytec he founded and was CEO of Momentum Effective Marketing Ltd., a promotion agency and a subsidiary of McCann Ericson. Mr. Nahum has extensive experience in building businesses from start-up through to realizing strong sales growth.
“Mobile Devices are increasingly Become Lifestyle Statements. Style will play more of a role across the range of devices, driven not only by fashion trends but also by consumers’ desires to reinforce their lifestyle choices." (Source: Gartner August 2008)
Global mobile phone subscribers hit 3.1 billion in 2007. Worldwide sales of mobile phones will reach 1.28 billion units in 2008, an 11 per cent increase from last year, says Gartner. In 2007, worldwide mobile phone sales reached 1.15 billion units.
The company will focus on increasing user’s lifestyle device experience. This will be implemented via innovative branded handsets under license agreements with major consumer brands together with premium packaging and original simplified User Interface (UI) while removing device complexity and increasing functionality.
The company intends to implement Java based UI applications on recently announced platforms such as Android form Google together with UI libraries that are bundled with Java ME (Micro Edition) applications. The company will also explore new business opportunities related to new technologies such as 3G, HSDPA, Wi-Max and more.
“This is an exciting time for our business. We are operating in a huge market where the big 5 players Motorola (NYSE:MOT), Nokia (NYSE:NOK), Samsung, LG, and Sony Ericsson (NYSE:SNE) have roughly 80% of the market for cellular phone handsets. With about 1.3 Billion handsets sold each year, this leaves a market of roughly 260 million handsets sold annually, within which our starting target is a 5% share of this market, which provides an opportunity of 13 million handsets annually. With our selling price in the range of $100 to $200, the revenue opportunity is very large. Markets such as China and India are growing in excess of 10% annually with extremely large populations as the base. Our business strategy is to focus on the niche type markets with consumers looking for something completely different form the main stream designs. Our licensing arrangements provide exclusive leading edge designs directly linked to the highly recognizable brands and the initial market reaction has been extremely favorable. I look forward to communicating on our exciting developments in the near future” stated Momi Nahum, CEO of Quantum Telecom Inc.
For more information visit the company website at: www.quantum3g.com
Safe Harbor Statements
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and may contain forward-looking statements, with words such as "anticipate," "believe," "expect," "future," "may," "will," "should," "plan," "projected," "intend," and similar expressions to identify forward-looking statements. These statements are based on the Company's beliefs and the assumptions it made using information currently available to it. Because these statements reflect the Company's current views concerning future events, these statements involve risks, uncertainties and assumptions. The actual results could differ materially from the results discussed in the forward-looking statements. In any event, undue reliance should not be placed on any forward-looking statements, which apply only as of the date of this press release. Accordingly, reference should be made to the Company's periodic filings as posted on the Pink Sheets information service.
Contacts:
Investor Relations and Corporate Inquiries:
Peter
Barach, 603-738-9446
info@quantum3g.com
