Innovative Global Communications Services Company, DeFi Mobile Ltd., Acquired by Lion Capital Holdings, Inc.
SCOTTSDALE, Ariz., Oct 26, 2009 /PRNewswire via COMTEX/ --
Companies: Capital Holdings, Inc. (CLHD), Lion Capital Holdings Inc (LCHL)
Lion Capital Holdings, Inc.(TM) (OTC Bulletin Board: LCHL) has acquired DeFi Mobile Ltd.(TM), completing a stock-for-stock deal that enables DeFi to thrive as it launches what management believes to be breakthrough networking solutions to the global marketplace. Going forward, Lion Capital Holdings is considering changing its name to DeFi Inc. Complete information is provided on the DeFi Mobile website www.defimobile.com in an 8K disclosure filed recently.
"Global demand for efficient, reliable and secure media-rich communications, data-management and entertainment services is skyrocketing. DeFi has a business plan to become a world leader in addressing these demands, with high-quality, scalable solutions for customers in a broad array of industries," said Jeff Rice, chief executive officer of DeFi. "The completion of this merger is an important advance in DeFi's maturation and we hope it will provide expanded opportunities to raise capital which will allow us to expand our growing customer base."
"DeFi and our carrier-grade global network is planned to empower our customers to innovate in ways they thought were impossible due to the capacity and cost-prohibitive limitations of previous-generation networking and communications solutions," said Dave Thomas, president of DeFi. "Leaders in the entertainment, gaming, voice and data communications, data management -- including health information technology -- industries and others are increasingly looking for the very solutions that DeFi has under development for breakthrough answers to nagging, costly and revenue-constraining communications and data-management problems. While we are pleased that our customers will use DeFi to improve upon their existing products and services, it is even more exciting that they will be able to use DeFi to invent creative next-generation products that we expect will change the way we all interact in our professional, consumer and personal day-to-day lives."
About DeFi
DeFi is a development stage company which is building, maintaining and growing a global carrier-grade network -- the DeFi Global Network -- that can support a wide variety of services, applications, products and solutions for multiple customers around the world. The DeFi Global Network is designed to empower customers and partners of DeFi to evolve beyond the limitations of older technologies and approaches to networking, e.g. cellular (3G, 3.5G, EDGE and GPRS). DeFi is an applications service provider (ASP) that's business plan is designed to leverage the company's innovative, carrier-grade IP network by adding in the future thousands of simultaneous media rich applications used by millions of people around the world. With the DeFi Global Network at its core, the company plans to develop and acquire a number of proprietary software and technology solutions.
The DeFi Global Network can make global mobile broadband a reality for multiple IADs. Importantly, DeFi is device agnostic, offering support for hundreds of Internet access devices (IADs), including soft-phones, mobile smart-phones, gaming devices, hand-held enterprise devices and many more. As well, DeFi has developed a global network of WiFi HotSpots to which DeFi customers' and partners' IADs can auto-associate using DeFi's proprietary software, connecting immediately and directly to the DeFi Global Network. These capabilities and unique characteristics give DeFi the power to support a virtually unlimited array of innovative media-rich products and services. Additionally, DeFi plans to offer the capability to improve significantly upon existing products and services that are currently constrained by limited network bandwidth, cost, capacity and quality.
This Press Release contains "forward-looking statements" that are based on current management's expectations. Statements that are not historical facts are identified as "forward-looking statements". The words "estimate," "project," "intend," "expect," "believe," "plan," and similar expressions, particularly when used in the "future tense", are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. These forward-looking statements are necessarily estimates, reflecting the best judgment of senior management that rely on a number of assumptions concerning future events, many of which are outside of the Company's control, and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements.
These uncertainties, among others, include the success of the Company in obtaining sufficient equity and debt capital on commercially reasonable terms to carry out its business plan, whether its services will find acceptance in the market place and generate significant sales and profits, the status of US and World economies, and various other factors. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements. You should not unduly rely on these forward-looking statements, which speak only as of the date of this Press Release. Except as required by law, we are not obligated to release publicly any revisions to these forward-looking statements to reflect events or circumstances occurring after the date of this Press Release or to reflect the occurrence of unanticipated events.
SOURCE DeFi
http://www.defimobile.com
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Companies: Capital Holdings, Inc. (CLHD), Lion Capital Holdings Inc (LCHL)
Related terms: acquisition, bandwidth, business, carrier, cellular, ceo, communications, consumer, debt, entertainment, equity, health, information technology, internet, knowledge management, law, media, merger, networking, otc, president, products, revenue, rice, sales, software, technology
