NEW YORK--(BUSINESS WIRE)--NNRF, Inc. (OTC PINK: NNRI) announced today that it has acquired 100% of the shares of the privately held corporation, Brookside Pershing, Inc., and its wholly owned subsidiary Spectrumlink, Inc. (www.spectrumlink.net). Through this acquisition, NNRF will acquire a high speed internet and phone (VoIP) business which utilizes the latest state of the art technology of fixed wireless and fiber optic networks.
“We have looked at a lot of different businesses that would bring value to our current shareholders, and Brookside Pershing brings a dynamic that I believe will bring a lot of growth to the company,” said NNRF CEO, Kevin Kading.
Brookside Pershing, Inc. is a holding company that invests in technology and media companies. Brookside Pershing recently completed its acquisition of Spectrumlink. “I’m excited about the timing to be in the Wi-Fi market,” commented Brookside Pershing CEO and Spectrumlink President, Nyhl Henson, “There are a lot of advantages to being in the industry right now. Between legislative changes and advancements in technology, and the planned expansion in Muni Wi-Fi, our timing couldn’t be better.”
Spectrumlink launched its service in downtown Los Angeles last year from its technology center located at One Wilshire, along with a second site at 900 Alameda. The company has targeted the downtown district to offer its service and has opened its corporate offices in Downey, California. Spectrumlink will offer its services to the 5,000 businesses in the Downey-Santa Fe Springs-Whittier triangle this summer.
"Our business model is to provide business owners nationwide, large and small, a better, cheaper and faster broadband service,” stated Spectrumlink founder, Bernard Smith-Mayfield.
About NNRF, Inc.
NNRF, Inc. (OTC PINK: NNRI). The company is a diversified holding company with business operations and investments.
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors.