communications products and services in the U.S. and Canada, completes sale of substantially all wireless assets for $1.3 million in assumption of liabilities to Cozac LLC effective January 15th 2008.

"We are pleased to have completed the sale of our wireless assets to Cozac. We believe Cozac is a good fit for our wireless assets. Cozac's management experience in the wireless industry will be valuable for the growth of these assets in the upcoming years," commented Marius Silvasan, Company CEO and Chairman. "We are now focused on the growth of our profitable telecommunication division," added Silvasan.