WETHERSFIELD, Conn.-Shared Technologies Cellular Inc. said it has acquired all of the issued and outstanding capital stock of Retail Cellular Inc. from Retail Distributors Inc., a provider of products to retailers, under the “As Seen on TV” banner, and to the public through direct-response TV advertising.
“We have accomplished overnight what we could not have done internally,” said Anthony D. Autorino, STC’s chairman and chief executive officer. “We have added sales and marketing resources necessary to the success of our prepaid cellular program. In particular, we have acquired significant expertise in the areas of retail and direct sales and marketing, which will help us expand and improve our distribution efforts for our prepaid services and products.”
