BOCA RATON, Fla., Feb. 1, 2011 (GLOBE NEWSWIRE) -- Juniper Group, Inc. (OTCBB:JUNP), a growing national supporter to wireless telecommunication companies, reported today that its revenue for the nine months ended September 30, 2010 increased to approximately $2,080,000, as compared to $212,000 for the nine months ended September 30, 2009. Although revenues in the third quarter were not as strong as the first half of the year, we were still able to grow the company. The overall increase in revenue was a direct result of the company's wholly owned telecommunications subsidiary devoting all of its resources to building its wireless infrastructure services business.
This positive chapter in Juniper Group's growth is occurring at the same time the wireless sector fundamentals are strong with the major telecommunication companies gearing up 4G, the next level of communication. In his recent State of the Union Address, President Barack Obama pledged to expand access to mobile broadband services to nearly all U.S. residents. "Within the next five years, we'll make it possible for businesses to deploy the next generation of high-speed wireless coverage to 98 percent of all Americans," he said. "This isn't about faster Internet or fewer dropped calls. It's about connecting every part of America to the digital age."
President Obama said that access to high-speed wireless Internet services could not only help rural farmers and small business owners better sell their products but also help first responders cope with emergency situations and improve education and healthcare.
Vonya McCann, Sprint's government affairs executive said the company "commends President Obama for his leadership in promoting nationwide access to advanced wireless services and working to ensure that our nation's first responders get what they have long needed and deserved, wireless interoperable public safety broadband services."
Vlado P. Hreljanovic, President and CEO, said, "This initiative bodes well for companies like Juniper who provide infrastructure service support to the leading wireless telecommunications companies in providing them with maintenance and upgrading of wireless telecommunication network sites, site acquisitions, tower construction and antenna installation to tower system integration, hardware and software installations."
Safe Harbor
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are based on current expectations, estimates and projections made by management. The Company intends for the forward-looking statements to be covered by the safe harbor provisions for forward-looking statements. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," or variations of such words are intended to identify such forward-looking statements. The forward-looking statements contained in this press release include, statements regarding the expected growth trend. All forward-looking statements in this press release are made as of the date of this press release, and Juniper assumes no obligation to update these forward-looking statements other than as required by law. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements and include the risk that our growth will not continue as anticipated and the factors discussed in the Business and Management's Discussion and Analysis sections in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies of these filings are available at www.sec.gov.
CONTACT: Juniper Group, Inc. Investor Relations: 516-829-4670
