Direction Technologies Inc. (OTC Bulletin Board: DRCG) and Empyrean Communications Inc. announce that the companies have entered into a Letter of Intent under which Direction is negotiating for the acquisition of Empyrean.
Based in Houston, Texas, Empyrean Communications, Inc. is a National and International Broadband Carrier utilizing OC-192 capacity designed to provide reliable and sufficient bandwidth capacity to service providers geared to the implementation and management of scalable, low-cost high bandwidth virtual private network (VPN) solutions.
The corporate strategic initiatives include the support of an International VPN network to deliver private and secure VPNs to the National and International financial markets requiring multimedia capabilities, as well as to other broadband markets such as Education and Healthcare.
Empyrean's effectiveness lies in the delivery of high capacity bandwidth and services through the use of the most advanced technological optical, wireless and satellite transmission protocols. Empyrean's long-term global purchasing agreement for bandwidth and servicing provisions, including OC-192 capacity, provides Empyrean with the means to bring broadband to the marketplace at competitive values.