24 October 2003 St. Louis, MO Lightwave -- Wanforce Technologies, provider of low cost new, used, and refurbished communications equipment, announced today that it will open sales offices in 22 U.S. cities and expand internationally with sales offices in Rio de Janeiro, Mexico City, Amsterdam, and Singapore.
The domestic expansion of new offices is expected to be completed by December 2004 with offices in Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Detroit, Honolulu, Houston, Indianapolis, Kansas City, Las Vegas, Minneapolis, New York, Philadelphia, Phoenix, Reston, San Jose, Seattle, Tampa, and Washington, DC. Wanforce's first international office will open later this month in Rio de Janeiro and will be followed with offices in Mexico City, Amsterdam, and Singapore.
"Our tremendous growth in the last year to $20 million in annual revenue has set the stage for our domestic and international expansion," explains Peter M. Roberts, Wanforce's president. "We expect expansion to boost annual revenues to $200 million in 2005."
"Our expansion will allow our sales consultants to provide on-site customer services in 22 major US cities. That's becoming increasing important as more and more companies are focusing on cost cutting IT solutions and asset recovery strategies," he adds. "By expanding our presence, we will be able to provide quicker turnaround of asset recovery projections on the sale of surplus communications equipment. That's what fuels our business."