Metro One Telecommunications
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| Company type | Publicly listed |
|---|---|
| Industry | Retail Tech., Mobile commerce |
| Founded | 1989 |
| Headquarters | |
Area served | Worldwide |
Key people | Elchanan Maoz (Acting CEO, President), Jacqueline Danforth(CFO)[1][2] |
| Website | www |
Metro One Telecommunications is a U.S-based company, headquartered in Sheridan, Wyoming. The company provides online and offline mobile commerce services to retailers.[3][4]
History[edit]
In 1989, the company was founded by Patrick M. Cox, Russell V. Davis and Kevin Anderson.[5]
In 1996, the company became a public company via an initial public offering.[6]
In 1999, the company reached an agreement to provide enhanced Directory Assistance services to Nextel Communications.[7] In 2005, the contract was terminated by Sprint Corporation after its acquisition of Nextel.[8]
In 2001, during the dot-com bubble, the company's market capitalization reached $1 billion.[9]
In 2003, the company entered the consumer market with the launch of a 411 and concierge service called Infone.[10] Infone was discontinued in December 2005.
In 2004, Duane Fromhart was named chief financial officer of the company.[11]
In 2005, Kenneth Peterson acquired 8.8% of the company.[12] In 2007, Peterson was named chairman of the company.[13]
In March 2008, the company closed its call centers in Charlotte, North Carolina[14] and Orlando.[15]
The company liquidated its operating business in December 2008.[16]
In December 2018, Metro One Telecommunications was acquired by Everest Fund; an investment company owned by Tel Aviv based special situations investor Elchanan Maoz, who is also the chairman of Metro One Telecommunications.[17]
In March 2021, the company won the bid and acquired the assets of Israeli tech company Royal App Ltd and announced Bianca Meger as the CEO of Metro One Telecommunication.
In November 2021, the company raised $1.98 million by their first post-bankruptcy deal selling common stock and warrants.[18][19]
References[edit]
- ^ "Directors – metroone".
- ^ Editorial, Reuters. "WOWI.PK - Metro One Telecommunications, Inc Profile | Reuters". www.reuters.comundefined.
{{cite news}}:|first1=has generic name (help) - ^ "Metro One Telecommunications Inc". www.bloomberg.com.
- ^ "Metro One's wholly owned subsidiary signs partnership with Country Wine & Spirits, its first U.S.-based mobile commerce platform client". Wall Street Journal. 30 November 2021.
- ^ "Metro One looks to sell assets". American City Business Journals. May 12, 2010.
- ^ "Equity Offerings Scheduled During This Week". The New York Times. August 19, 1996.
- ^ Costanza, Barbara C. (June 29, 1999). "Metro One warns of second-quarter shortfall". Marketwatch.
- ^ Turner, Sarah (October 20, 2005). "Metro One says Sprint Nextel to terminate contract". Marketwatch.
- ^ Twin, Alexandra (July 3, 2001). "Favorite Stock: Metro One". CNN Money.
- ^ "Metro One launches 'Infone' service". American City Business Journals. May 27, 2003.
- ^ "Metro One Names Duane Fromhart Chief Financial Officer" (Press release). Business Wire. June 25, 2004.
- ^ "Vancouver investor buys chunk of Metro One". American City Business Journals. March 7, 2005.
- ^ Kennedy, Simon (July 3, 2007). "Metro One receives deficiency letter, names new chairman". Marketwatch.
- ^ "Metro One to shutter Charlotte call center". American City Business Journals. March 24, 2008.
- ^ "Metro One to shut down call center, lay off 200". American City Business Journals. March 31, 2008.
- ^ Rogoway, Mike (January 9, 2009). "The Silicon Forest Blog: Metro One winds down". The Oregonian.
- ^ "Form 4 Metro One Telecommunications Inc Statement of changes in beneficial ownership of securities".
- ^ "Metro One Telecommunications, Inc. Raises $1.98 Million in PIPE to further advance its transition to a SaaS based mCommerce Platform". m.insidertracking.com.
- ^ "Metro One Telecommunications, Inc. Raises $1.98 Million in PIPE to further advance its transition to a SaaS based mCommerce Platform". finance.yahoo.com.