“We have worked diligently over the course of the last several months and have succeeded in transforming WV Fiber into a well capitalized company with the ability to build out the network and grow the business,” states Tom Turner, Chairman, UGI.

 

“Ultra Global has insured WV Fiber’s ability to aggressively secure new customers, increase our revenues and achieve a successful and more profitable company,” states Peter Marcum, President, WV Fiber. “We will continue to provide a top tier network and outstanding content development and delivery services while offering competitive pricing and outstanding service to our customers.”

 

Turner has been an investor in Ultra Global since its formation in March 2007 and has provided advice and counsel in the “go private” acquisition of WV Fiber from IMHI. Turner has also assisted in fund raising and strategic planning for the WV Fiber business.

Turner most recently held the position of President and CEO of Itronix Corporation where he grew the business of this leader in rugged wireless computing and completed the sale of the business to General Dynamics in 2005. Turner has held a number of executive leadership positions at WhereNet Datamax Corporation, Symbol Technologies and Wang Laboratories.

 

Mr. Turner retired from General Dynamics in September 2007 and will devote a substantial portion of his time to growing the business of WV Fiber and expanding the investment portfolio of Ultra Global Investment.