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Highland Business Services, Inc. (HGLB)- Announces Execution of Definitive Merger Agreement with Elevate Marketing Group, LLC

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Highland Business Services, Inc. (HGLB)- Announces Execution of Definitive Merger Agreement with Elevate Marketing Group, LLC | Document Parties: HIGHLAND BUSINESS SERVICES, INC. | Elevate Marketing Group, LLC | Highland Business Services, Inc You are currently viewing:
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HIGHLAND BUSINESS SERVICES, INC. | Elevate Marketing Group, LLC | Highland Business Services, Inc

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Title: Highland Business Services, Inc. (HGLB)- Announces Execution of Definitive Merger Agreement with Elevate Marketing Group, LLC
Date: 2/4/2011
Industry: Business Services     Sector: Services

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EXHIBIT 99.1

 

Highland Business Services, Inc. (HGLB)- Announces Execution of Definitive Merger Agreement with Elevate Marketing Group, LLC.

 

 

San Clemente, California – Highland Business Services, Inc. (“Highland”), (OTCBB: HGLB) announced today that its wholly owned subsidiary has executed a definitive Acquisition and Plan of Merger Agreement (the “Merger Agreement”) with Elevate Marketing Group, LLC, a Utah limited liability company (“Elevate”).  The closing of the Merger Agreement, that is subject to conditions, including the prior completion of certain pre-closing matters, is currently anticipated to occur on or before February 14, 2011. Upon closing, Elevate and its related business operations and assets, will continue as a wholly owned subsidiary of Highland.

 

Elevate is a premier digital services provider with an array of IP and wireless residential services. Elevate Broadband offers wireless residential Internet service with up to 10 mbps service. Elevate also offers a fully integrated suite of home security products and services that include Elevate Interactive, a complete home security management system operated online or through a wireless mobile App. Elevate Entertainment is both an IP based TV and Satellite TV service offered in cooperation with DirecTV™ and DishNetwork™. Elevate Mobile provides mobile services that offer the latest smart phone technologies.

 

“Today’s announcement is yet another in a long-line of recent developments which will enable us to continue to develop and deliver world-class services to our customers throughout the United States and around the world,” said Wright W. Thurston, CEO of Elevate. Mr. Thurston continued saying “the completion of the merger with Highland provides Elevate with a


 
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