Perfect Web Technologies announced that its subsidiary, The Perfect Web, Inc., has entered into a letter of intent to acquire Digital communications, a telecom infrastructure development company.
Digital communications and its subsidiaries have logged over $12 million in sales and signed four master contracts that have the potential for over $100 million in gross revenue. Digital Communications has received multiple requests from AT&T to open additional offices and expand its current contracts to over $10 million as soon as possible.
Thomas L. DiStefano III, CEO, Perfect Web Technologies, Inc. stated, “The management of Digital Communications, Inc. has over 30 years experience in the telecom industry. This management group was instrumental in building Able Telecom (a NASDAQ company) to the level at which gross revenues exceeded $600 Million per year.”
The management of Digital Communications, Inc. includes Billy Caudell as its President. The company will be instrumental to achieving short and long term goals of Perfect Web and the subsidiary. The management teams focus is to position itself as a leader in the telecommunications infrastructure industry through fulfilling their exiting master contracts and making strategic acquisitions.
“This team has built a successful operation, has the master contracts in place, has the know-how and expertise to quickly grow into a dominant player by taking full advantage of their ‘been there and done-it before’ attitude,” concluded Mr. DiStefano III.
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