Bigger than Verizon, AT&T, and SBC Global
For the diligent investor left scratching his/her head back in June on news that Verizon Wireless had sold off its paging network – outlined by NIHK as its springboard for future growth – have no fear, the ball is back in Nighthawk’s court. Unbeknownst to NIHK, Verizon wireless had been shopping its elite paging network which ended up being acquired by American Messaging. In addition to the Verizon deal, American Messaging has also acquired AT&T’s paging network (formerly SBC Communications), making it the second largest paging company in the U.S. with more than 1.5 million corporate subscribers.
NIHK has recently announced a strategic alliance with American Messaging and as it turns out Verizon’s decision to sell its highly regarded paging network was a blessing in disguise for a number of reasons.
1. The new agreement with American Messaging will provide NIHK access to more than 1.5 million corporate subscribers, far more than the previous agreement with Verizon wireless. Corporate customers better fit NIHK’s needs as they are much more likely to purchase the company’s products than the individual consumer. In addition, with customers in every state and a network that covers nearly 100% of the nation’s leading markets NIHK has opened the door to a vastly wider target market.
2. The new strategic alliance is a joint venture and two-way sharing opportunity that will bundle NIHK’s best of breed telemetry products with one of the country’s best networks. Both sides agree that a revenue generating model has been put in place and that a mutually beneficial agreement has been constructed here.
3. Nighthawk’s new partner is easier to deal with than the big wigs at Verizon and is dedicated to making its telemetry business work. According to today’s release “They have formed a company with a sole and absolute focus on paging, allowing our respective customers to benefit from utilizing their extensive network. Nighthawk has gained access to a larger, more focused network of sales and marketing personnel that is committed to providing time and money-saving solutions to both new and existing customers."
4. Since the recent partnership with Verizon wireless ended amicably, the door is open for future contracts. As NIHK moves forward with new products in years to come, having an established relationship with one of America’s largest cellular providers is a huge plus.
After a somewhat quiet summer, NIHK is ramping up for a big end of year and a potential record 2007. Sometimes things just end up working themselves out and we think that is just the case here. In our profile coverage later this month we will outline in more detail that potential gains to be made with NIHK.
It would be great to get some feedback here folks. For all of you current shareholders, and those just watching from the sidelines, What are your thoughts on the future of NIHK?
NIHK has recently announced a strategic alliance with American Messaging and as it turns out Verizon’s decision to sell its highly regarded paging network was a blessing in disguise for a number of reasons.
1. The new agreement with American Messaging will provide NIHK access to more than 1.5 million corporate subscribers, far more than the previous agreement with Verizon wireless. Corporate customers better fit NIHK’s needs as they are much more likely to purchase the company’s products than the individual consumer. In addition, with customers in every state and a network that covers nearly 100% of the nation’s leading markets NIHK has opened the door to a vastly wider target market.
2. The new strategic alliance is a joint venture and two-way sharing opportunity that will bundle NIHK’s best of breed telemetry products with one of the country’s best networks. Both sides agree that a revenue generating model has been put in place and that a mutually beneficial agreement has been constructed here.
3. Nighthawk’s new partner is easier to deal with than the big wigs at Verizon and is dedicated to making its telemetry business work. According to today’s release “They have formed a company with a sole and absolute focus on paging, allowing our respective customers to benefit from utilizing their extensive network. Nighthawk has gained access to a larger, more focused network of sales and marketing personnel that is committed to providing time and money-saving solutions to both new and existing customers."
4. Since the recent partnership with Verizon wireless ended amicably, the door is open for future contracts. As NIHK moves forward with new products in years to come, having an established relationship with one of America’s largest cellular providers is a huge plus.
After a somewhat quiet summer, NIHK is ramping up for a big end of year and a potential record 2007. Sometimes things just end up working themselves out and we think that is just the case here. In our profile coverage later this month we will outline in more detail that potential gains to be made with NIHK.
It would be great to get some feedback here folks. For all of you current shareholders, and those just watching from the sidelines, What are your thoughts on the future of NIHK?
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