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Roadpost® completes agreement to purchase assets of Fonebill LLC

TORONTO and SEATTLE, April 04, 2016 (GLOBE NEWSWIRE) -- Roadpost USA Inc., a subsidiary of Roadpost Inc. a foremost provider of mobile satellite services (MSS) and equipment, announces that it has acquired Fonebill, a privately held company that provides MSS to consumer and enterprise customers.

Under the terms of the deal that closed April 1, 2016, Roadpost USA has acquired substantially all of the assets of Fonebill including the Satworx trade name and subscriber base, and BlueCosmo trade name, website and subscriber base. Satworx and Blue Cosmo offer their subscribers a range of Iridium® and Inmarsat® voice and data services. Roadpost USA will retain all of Fonebill’s assets and employees, and will continue to support operations at the existing BlueCosmo facility in Seattle, Washington.

Financial terms of the deal were not disclosed.

“We are pleased to have completed this acquisition which extends the footprint of our US operations, and is aligned with our strategy to seek continued growth opportunities in the mobile satellite services market,” said Roadpost founder and president, Morris Shawn.

About Roadpost

Roadpost USA Inc. was incorporated in 1997 and is a subsidiary of Roadpost Inc., incorporated in 1991 and located in Toronto, Canada. Roadpost is among the industry’s foremost providers of mobile satellite equipment and voice and data services from leaders like: Iridium, Inmarsat and DeLorme, a Garmin brand. From private and public sector organizations that need to protect employees that work alone, to outdoor enthusiasts who travel the backcountry, more than 25,000 customers trust Roadpost to equip them with the most reliable and innovative communications solutions available. Roadpost distributes its products both directly and through its extensive network of authorized dealers across North America. Roadpost is a registered trademark of Roadpost Inc. More information can be found at Roadpost.com.

Media contact: Kim Layne, VP Marketing 416-253-6990 ext. 306 Klayne@roadpost.com

Source:Roadpost Inc.