China Mobility Solutions, Inc. has entered into
a preliminary agreement with PeopleLine Telecom Inc. to acquire approximately 74 percent of the company’s common stock.
The company also changed its name to Global Peopleline Telecom Inc. and was assigned a new stock symbol, “GPPL,” effective August 6.
Edward Gallagher has been appointed as director and chief executive officer of the newly formed company.
Earlier in his career, Gallagher served as chairman of Canada Payphone Corporation, the first private payphone owner and operator in Canada.
PeopleLine is a public company incorporated in Nevada and managed from its Vancouver office. It is an established VoIP (Voice over IP) Internet Service Provider offering voice and fax services to about 5,000 residential and business users in the Vancouver area, and plans are in place to expand services into other cities.
“As we specialized in mobile marketing, branding and enterprise solutions, it’s exciting to merge with PeopleLine, another competitive player in the telecommunication industry. I’m confident that this strategic transaction will draw more attentions and strengthen the position of Global Peopleline,” said Angela Du, president of the company. “We will institute avenues to grow the Company more rapidly through financing and/or potential merger acquisition opportunities.”
The company can provide reliable and inexpensive VoIP solutions, allowing home and business users to save between 60 percent and 80 percent of the cost of their current phone bill. Pricing begins at $9.95 per month for home service, local calls are free and Long Distance charges are prepaid and billed separately.
Small Business customers are offered a choice between Hosted IP PBX (News
) services and an on site purchased PBX product. The hosted service starts at $30 per line, $5 per extension and $6.95 for messaging, and the on-premise PBX starts at $995. The hosted service provides all expected features such as caller ID, call forward, conference and transfer, also new features that allow cell phone users to place and receive calls through the PBX.
Current products include regular IP phones adapters, wireless routers, WiFi (News
) phones, a Virtual PBX, dual-mode WiFi/Cell phone, memory stick phones that can be used anywhere in the world and others, all require broadband access to operate.
The company says it has a large base of IP technology, a focused marketing plan and the managerial know how to sell “voice and fax as a service” allowing users to switch without fear to broadband.
Anil Sharma is a contributing editor for TMCnet. To read more of Anil's articles, please visit his columnist page.
Edited by Michael Dinan