--(www.USEquityNews.com)-- 01/07/2008 - Wireless Communications industry alert provided by U.S. Equity News. Verizon Wireless (NYSE: VZ) has activated a new cell site in Paducah that improves Verizon Wireless' voice and data network. With the improved network coverage, more customers can use their wireless phones to make calls; send and receive email and text, picture and video messages; download music, games and ringtones; and view high-quality videos while enjoying clearer reception and fewer dropped calls. This new cell site is part of Verizon Wireless' continual effort to expand coverage, increase capacity and enhance the quality of its wireless voice and data network in Kentucky and throughout the country.
Knology, Inc. (NASDAQ: KNOL) recently closed its previously-announced acquisition of Graceba Total Communications, Inc., a voice, video and high-speed internet broadband services provider to residential and business customers in Dothan, Alabama. The $75 million transaction was funded with the payment of $16 million of cash on hand and the proceeds of a $59 million incremental term loan facility under the company's existing credit facility. The incremental debt bears interest at LIBOR plus 2.75% and provides for 1% principal amortization annually with the balance due on June 30, 2012.
Law Offices of Brian M. Felgoise, P.C. announces that a securities class action has been commenced on behalf of shareholders who acquired Leap Wireless International, Inc. (NASDAQ: LEAP) securities between January 7, 2005 and November 9, 2007, inclusive (the Class Period). The case is pending in the United States District Court for the Southern District of California, against the company and certain key officers and directors. The action charges that defendants violated the federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period which statements had the effect of artificially inflating the market price of the Company's securities.
Diamond I, Inc. (OTCBB: DMOI) announced recently that its free Poker web site, www.islandbluecasino.net, had entertained over 15,000 distinct hits and derived its first revenues from its click-through advertising program with Amazon.com during November, its first full month of operations. As previously announced, Island Blue Casino will announce the award of prizes to its top winners at the end of this month. Island Blue Casino, DMOI's first free online Poker site, is a for-entertainment-only site and is legal for users in the United States.
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