TOMBALL, Texas-Litfiber Inc. announced it has acquired a public company, enabling it to be listed on the Nasdaq OTC Market as LTBI.
Litfiber believes its stock will open around $4 per share, following the closing of its first round of financing. The company also said it plans to release a communication suite for homeland security next quarter, and it said it is in the final stages of acquiring security solutions company Resource Protection Management L.P.
Earlier this month, Litfiber announced it had secured 200 radio towers and 200 rooftop sites in the United States to build out three distinct nationwide networks. One will be dedicated to homeland security data and voice communications; one to public Christian use; and a third to small office/home office and small-to-medium sized businesses. All are expected to include voice-over-IP, data and Internet services.
