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Friday, April 29, 2005
Black Box Corporation Announces MergerWith Business Communications, Inc.
Business Communications, Inc. represents approximately$5 million of historical Voice Services annual revenue
PITTSBURGH, PENNSYLVANIA, April 29, 2005 - Black Box Corporation (NASDAQ: BBOX) today announced a merger with Business Communications, Inc. (BCI).
BCI is a privately held corporation founded in 1983 with offices in Tallahassee, Tampa, Pensacola, and Sarasota. Annual revenues of BCI were approximately $5 million for the 12 months ended December 31, 2004.
Doug Smith and Tom Allen, former BCI owners, comment, "We are thrilled at the prospects of coupling our resources with Black Box's operations and assets. Teaming with Black Box will allow us to efficiently serve Florida's growing technical demands. We will have access to a host of new products and, most importantly, technical resources distributed from Pensacola to Miami to offer a high level of responsive voice, data, and related infrastructure services." Mr. Allen will remain active in the company.
Commenting on the merger, Gary Williams, General Manager of Black Box Voice Services, stated: "We are very excited with the addition of BCI to our Florida team and increasing our market share in this region. BCI has a strong reputation as a high quality voice services provider and will further enhance our growth potential in this area.”
This transaction is being accounted for as a purchase. The purchase price has not been disclosed.
Black Box is the world’s largest technical services company dedicated to designing, building and maintaining today's complicated data and voice infrastructure systems. Black Box services 152,000 clients in 141 countries with 122 offices throughout the world.
Black Box and the double diamond logo are registered trademarks of BB Technologies, Inc.
Black Box Corporation
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