Juniper Adds Two Major Clients to 4th Quarter Revenue
Juniper Group, Inc. (OTCBB:JUNI) (“Juniper”) a wireless communications contractor, specializing in tower erection, extension, modifications as well as cellular wireless, broadband and microwave system installations has contracted with Complete Tower Sources, Inc. Complete Tower Sources, Inc. (“CTSI”) provides services to the wireless industry throughout the Gulf Coast region. Its customers include the top four wireless operators, two of the most respected program management companies and various government entities. CTSI is a subsidiary of Charys Holding Company which provides telecommunications infrastructure and general business services though its subsidiaries. Juniper was awarded bids to work in Mississippi to provide technology upgrades, equipment modification, reconfiguration of lines and antennas and sweep tests. Based on the quality and timely delivery of work by Juniper to date in Jackson, MS, Juniper will look to CTSI to get involved with CTSI’s 300 tower upgrade in Louisiana and to assist in raw land site development for its new sites in the New Orleans, LA area in early 2008. The first phase of work in Jackson, MS has been completed, and has resulted in an additional $151,000 of revenue in the fourth quarter.
In addition, Juniper was awarded work in Florida and Georgia to provide the same services as it has for CTSI for Barran Telecom, a subsidiary of Israel’s engineering, construction and technology giant Barran Group — providing services to the global wireless telecommunications industry. It is estimated that this work will add approximately $160,000 of revenue in the fourth quarter. Juniper anticipates that it shall continue to provide Barran with the same quality and timely delivery in 2008.
Mr. Vlado P. Hreljanovic, Chairman, CEO and President of Juniper Group Inc., stated, “We anticipate that the demand for broadband installation and wireless infrastructure services will increase in the wireless broadband segment during 2008 through continued support of the tremendous growth in the cellular market and through a robust wireless industry in general. We anticipate that Juniper will show a growth in the fourth quarter of approximately $485,000 in revenue, a substantial increase over last quarter. Our work is in high demand, pushed by the proliferation of services now being added to cell phones and cable. We see both CTSI and Barran as good partners in 2008.”
“We are rebounding from the effects of the recent litigation that we commenced against disloyal former management in the United States District Court for the Eastern District of New York. The cost and distraction of this litigation has slowed our growth. However, recent capital raising and future support from our lenders have allowed us to increase our presence and take on new and larger contracts.”
About Juniper Group Inc.
Juniper Group Inc., (“JUNI”) through its operating subsidiary New Wave Communications, Inc., occupies an important place in the fastest growing industry in the United States: Telecommunications. As a wireless communications specialist in civil and tower construction and tower modification, enhancement, extension, technology upgrades, equipment modification and reconfiguration of lines and antennas, sweep testing and maintenance, New Wave is answering the call and demand for increased service because of the expansion of the services now being offered by cell phone providers, Cable TV and land line telephone companies.
Increasing broadband width, maintenance and microwave engineering are just a few of the many services Juniper provides for its client companies, which include Wireless/AT&T, Sprint/Nextel, Verizon, T-Mobile, Cricket, Revol, Crown Castle, Bechtel and recently CTSI and Barran.
Juniper is a fully reporting company whose stock trades on the OTC:BB under the symbol “JUNI”.
Safe Harbor Statement. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as “anticipates,”"expects,”"intends,”"plans,”"believes,”"seeks,”"estimates,” or variations of such words are intended to identify such forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. Actual results may differ significantly from management’s expectations. These forward-looking statements involve known and unknown risks and uncertainties that include, among others, risks related to potential future losses, amount of, obtaining and satisfying terms of credit lines, competition, financing and commercial agreements and strategic alliances, seasonality, potential fluctuations in operating results and rate of growth, management of potential growth, system interruption, consumer and industry trends, limited operating history, and government regulation. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved. Please refer to the Company’s Form 10-K and other filings with the SEC for additional information regarding risks and uncertainties, including, but not limited to, the risk factors listed from time to time in such SEC reports. Copies of these filings are available through the SEC’s electronic data gathering analysis and retrieval system (EDGAR) at http://www.sec.gov.