Dallas, Texas (December 7, 2011) – StockGuru Shines its Spotlight on Elevate, Inc. (OTCBB: ELEV) and LightSquared. Elevate Inc. is a nationwide digital services company meeting the demand for personal, one-to-one customer service. LightSquared is a wholesale carrier building a nationwide wireless broadband network that will create consumer choice and drive industry innovation. Elevate Inc. announced yesterday a wholesale agreement that will enable Elevate to substantially improve its 4G wireless broadband offering to residential and small business customers. The Company closed on December 6, 2011, at $1.01, trading in a fifty-two week range of $1.35 – 0.95.
Elevate currently provides monitored security, VoIP, premium entertainment, wire line broadband, energy automation and limited 4G HSPA+ wireless broadband services to both residential and commercial customers through a network of independent, local Certifiable Geniuses. Each Certifiable Genius forms long-term relationships with customers on Elevate’s behalf and ensures his client’s needs are met through a custom-configured Elevate product Stack.
“At Elevate, we take the time to build a personal, consultative relationship with each and every customer, and it’s through this dynamic that we have identified the overwhelming demand for the kind of affordable broadband access that our partnership with LightSquared will deliver. We are so excited about our partnership with LightSquared because it allows us to substantially enhance our product set with state-of-the-art 4G-LTE-based wireless services,” said Wright W. Thurston, chief executive officer of Elevate.
This agreement underscores the benefits of LightSquared’s wholesale-only business model, which helps foster the ambitions of emerging companies that are eager to level the competitive landscape and deliver their own affordable wireless services.
“Our agreement with Elevate is indicative of what LightSquared was built to enable,” said Sanjv Ahuja, chairman and chief executive officer of LightSquared. “Elevate’s unique approach to delivering service aligns well with LightSquared’s unique approach to delivering network access on a wholesale-only basis. Complementing its exciting portfolio of digital offerings with wireless broadband services will allow Elevate to continue to be a unique force in the service provider community.”
LightSquared’s mission is to revolutionize the U.S. wireless industry. With the creation of the first-ever, wholesale-only nationwide 4G-LTE network integrated with satellite coverage, LightSquared offers people the speed, value and reliability of universal connectivity, wherever they are in the United States. As a wholesale-only operator, LightSquared will deploy an open 4G wireless broadband network to be used by existing and new service providers to sell their own devices, applications and services – at a competitive cost and without retail competition from LightSquared. The deployment and operation of LightSquared’s network represent more than $14 billion of private investment over the next eight years.
About Elevate, Inc.
Elevate provides data, voice, video, mobile and security solutions through a network of local and independent Certifiable Geniuses.
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