As described in the agreement, UTSI
has acknowledged responsibility for the actions of UTS-China and its employees and agents, who arranged and paid for employees of Chinese state-owned telecommunications companies to travel to popular tourist destinations in the United States, including Hawaii, Las Vegas and New York City.
As a corporation, UTSI
holds lease agreements with nearly 4000 owner operators and more than 400 core agents.
Pacer plans to use the services of UTSI
for seamless heavy-haul highway transport when appropriate.
These financial results clearly indicate that UTSI
was a strong acquisition for Interact Holdings Group as UTSI
has brought us strong revenue producing contracts, experienced management and Fortune 500 clients.
We believe that UTSI
is the right buyer for Pacer Transport and that this is the right time to transition Transport's people, assets, and customers into the hands of a very capable company where they will complement UTSI
's services portfolio.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of IHG and UTSI
officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act").
Gradient Analytics initiated coverage of UTSI
This agreement presents a significant opportunity for UTSI
to expand its service offerings to the industry, as well as introduce a new service provider (TechCorr) that brings technologies and capabilities not currently present in the Spanish market.
Daniel Nagala, president of UTSI
and of Diverse's consulting division stated, "these projects will provide very important advancements in Magellan's overall operations, and are consistent with its ongoing efforts to enhance its operations.
Antonio Gella, gasNatural's Director de Explotacion, stated that "We are very pleased to have UTSI
continue to provide support for this project.
Daniel Nagala, President of UTSI
said, "By joining Diverse Networks under the Jackson Rivers Company umbrella, UTSI
will now have the support and resources to grow and manage our business so that we can profit from the many changes that are taking place in the energy industries worldwide.
This work involves several of UTSI
's core competencies in the areas of software maintenance, support, and development, and we are pleased to have the opportunity to assist SPLC with these activities," states Daniel Nagala, President of UTSI