×

CiG Wireless Corp. Acquires Telecommunications Towers From ClearTalk

company logo

ATLANTA, June 27, 2013 (GLOBE NEWSWIRE) -- CiG Wireless Corp. (OTCBB:CIGW) ("CiG") a leading independent owner and operator of wireless communications infrastructure in the United States, announced today that it has acquired six (6) telecommunications towers for a price of $1.6 Million from PTA-FLA, INC. d/b/a, ClearTalk, a Florida based wireless telecommunications corporation.

"Closing the ClearTalk, transaction represents the achievement of another milestone as we build our tower portfolio. We look forward to continued growth through acquisition as we execute our business plan," stated Paul McGinn, President and CEO of CiG.

About CiG Wireless Corp.

CiG Wireless Corp. (www.cigwireless.com) is a leading independent owner and operator of wireless communications infrastructure in the United States. The primary focus of the Company is leasing antenna space on its multi-tenant towers to a variety of wireless service providers under long-term lease contracts. The Company's shares are traded publicly in the US on the OTC Bulletin Board (CIGW) and on the Entry Standard of the Frankfurt Stock Exchange under the symbol (6CW).

Safe Harbor Statement

This press release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. These statements are based upon our current expectations and speak only as of the date hereof. These forward-looking statements are based upon currently available competitive, financial, and economic data and management's views and assumptions regarding future events. Our actual results may vary materially from the forward-looking statements as a result of various factors and uncertainties. The Company cannot provide assurances that any projections, goals, future events and other prospective matters described in this press release will be successfully completed or that the Company will realize the anticipated benefits of any transactions. Various risk factors that may affect our business, results of operations and financial condition are detailed from time to time in the Annual Report on Form 10-K and in the Current Reports on Form 8-K and other filings made by the Company with the U.S. Securities & Exchange Commission. The Company undertakes no obligation to update information contained in this presentation.

CONTACT: Paul McGinn Chief Executive Officer 678-332-5000 Patrick Finucane Corporate Communications 678-332-5010 pfinucane@cigwireless.com

Source:CiG Wireless Corp.