July 22, 2004 — (WEB HOST INDUSTRY REVIEW) — Web hosting and data center services provider Zoolink Corporation (zoolink.com) announced on Wednesday that it has finalized the sale of its Zoolink Communications division, announced in May, to Internet service provider Universco Broadband Networks (universco.com) and signed a letter of intent to acquire Puerto Rican local exchange carrier ICEnetworks.com (icenetworks.com).
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Financial terms of the sale to Universico were not disclosed. Zoolink sold the assets in order to settle debt owed to its creditors.
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“We are looking forward to providing ZooLink’s customers with the high-level of customer service that they have had in the past. Our team has worked extremely hard to ensure minimal disruptions and a seamless transition over to the Universco Network,” says Dave Hunter, general manager and vice president of operations for Universco Broadband. “So far, most of the ZooLink customers have not noticed a substantial change in their service. We are excited to be expanding our network in terms of offering secure, highly reliable and competitive high-speed Internet access services.”
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The acquisition of ICEnetworks is being structured as a merger.
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“The potential new company formed with ICENetworks could prove to be a great way to stabilize and grow into the future,” says West McDonald, president of ZooLink Corporation. “The melding of ZooLink and ICENetworks would also bring a strong breadth of skills to both the board of directors and to the management team.”
