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TMCNet:  Digital Utilities Ventures to acquire Jamaica Network Access Point

[September 30, 2009]

Digital Utilities Ventures to acquire Jamaica Network Access Point

Sep 30, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- Digital Utilities Ventures, Inc., a US-based intellectual property company and technology incubator, has signed an agreement to acquire Jamaica Network Access Point, Ltd. (JNAP), a communication service company engaged in all aspects of network, communications and service support activities.

Pursuant to the transaction, JNAP will operate as a wholly-owned subsidiary of Digital Utilities Ventures.

Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Announced: 2009-09-29 Deal Participants Target (Company) Jamaica Network Access Point, Ltd.

Acquirer (Company) Digital Utilities Ventures, Inc.

Deal Rationale The acquisition allows Digital Utilities Ventures to strengthen its product offerings and to expand its network for technical support and integrated communications services.

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