BOCA RATON, Fla., June 9, 2011 (GLOBE NEWSWIRE) -- Juniper Group (OTCQB:JUNP) announced today that its wholly-owned telecommunications subsidiary has renewed its contract with the industry leader that pioneered and built the first 4G network in the country. This broadband network reached over 130 million people nationally in 70 major markets.
Much of Juniper's work for this client had been focused on outsourced work from this client's largest shareholder and wholesale partner. Now, there is a similar multi-year deal in place with a second infrastructure vendor. Juniper's client will retain ownership of the network assets, still have full responsibility for future technology and strategy decisions and will remain the primary contact for customers, wholesale partners and equipment vendors.
Vlado P. Hreljanovic, President and CEO said, "We are very pleased that based upon the quality of our work, and on the level of customer satisfaction that we aim to achieve, we have been contracted to continue our work for this prestigious client. We are ready to enlarge our regional footprint as necessary and look forward to the next step and the opportunities that lie ahead."
Juniper conducts wireless infrastructure services through its operating subsidiaries which focuses their activities in the Eastern and Central United States. We are able to support the deployment of wireless infrastructure services with leading wireless telecommunication companies.
This press release may contain 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. 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. Forward-looking statements contained in this press release include statements regarding the potential financial settlement. All forward-looking statements in this press release are made as of the date of this press release, and Juniper assumes no obligation to update these forward-looking statements other than as required by law. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk that financial settlement will not materialize as anticipated in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies are available at www.sec.gov.
CONTACT: Juniper Group, Inc. Investor Relations: 516-829-4670