Omnicity Corp. (OMCY.OB)

Posted: Wed Sep 30, 2009 11:29 am

Omnicity Corp. provides broadband access, including advanced services of voice, video and data, in un-served and underserved small and rural markets. The company aims to be the premier consolidator of rural market broadband nationwide. Leveraging management expertise, Omnicity’s strategy is to provide a total broadband solution and continue rapid growth through acquisitions, organic growth and partnerships with Rural Electric Municipal Cooperatives and Rural Telephone Companies.

The company’s target markets are locations better suited to wireless transmissions than traditional hard-wire operators. It has been estimated that at least 40 million rural and small market homes, businesses, government agencies and schools have inadequate high-speed Internet service, representing a large growth opportunity.

Building a nationwide wireless network, Omnicity will be able to deliver high-speed Internet access to rural subscrib¬ers more cost-effectively than traditional cable or fiber optic models since hard-wire systems are gener¬ally much more expensive to build than wireless networks. Reduced network development costs means lower infrastructure costs per subscriber for wireless operators as compared to comparably-sized traditional hardwire fiber-optic systems.

Omnicity is led by an experienced broadband operations team with extensive wireless broadband/ISP expertise as well as the capability to consolidate large numbers of businesses through a strategic roll-up strategy. Over the next five years, the company projects a growing customer base of 170,000 subscribers, increasing margins and growing revenues of nearly $87 million.

Posted: Wed Sep 30, 2009 1:41 pm

GREAT TO SEE A COMPANY ADDRESSING THE "RED-LINING" ISSUE OF CABLE COMPANIES. See QS blog on Channel Com.

Posted: Fri Oct 02, 2009 3:11 pm

Omnicity Corp.’s (OMCY.OB) $25M Investment will Create New Jobs, Opportunities for Rushville, Indiana

Executives from Omnicity Corp., an Indiana-based broadband and communications provider, were joined by Governor Mitch Daniels in August as the company announced it would expand its operations in Indiana, thereby creating about 100 new jobs by 2010.

Omnicity currently employs 38 associates across its four Indiana facilities, and plans to invest $2.5 million into wireless infrastructure and expansion of its corporate operations. The company will hire customer service specialists, managers and field service personnel in order to meet growing demand for new fiber optic construction contracts.

“Omnicity’s new jobs and investment are a boost for Rush County. The expansion means more technology is reaching our rural areas, which makes them even more attractive for jobs and growth,” said Governor Daniels.

According to the press release, since the creation of the Indiana Economic Development Corporation in 2005, more than 85 companies have located or expanded their headquarters in Indiana to generate more than 16,000 new headquarters jobs and more than $1 billion in new capital investment. To continue its dedication to the community, the Indiana Economic Development Corp. offered Omnicity up to $25,000 in training grants, and will provide Rushville with an $110,000 grant to assist in further improvements.

“We believe we are at the perfect place with the perfect plan at the perfect time in our efforts to reach all of the rural areas with broadband services that are much needed for economic development, education, healthcare and smart-grid technology. Our investment in Indiana makes this an exciting time for us,” said Greg Jarman, CEO of Omnicity.

Omnicity began offering its wireless data, video and voice services to rural Indiana markets in 2003 and has established partnerships with local governments and rural electric cooperatives to serve its nearly 6,000 subscribers across the state.

“The City of Rushville is pleased to have Omnicity locate their headquarters here and create new opportunities for the community. These quality jobs, in today’s economy, speak highly of Omnicity and we are proud to have them in our community,” said Rushville Mayor Merv Bostic.

Posted: Mon Oct 05, 2009 8:50 am

Omnicity Corp. (OMCY.OB) Secures First State Contract with Indiana DNR

Yesterday, Omnicity Corp. announced that it had been awarded its first contract to provide broadband services to the State of Indiana. The company was the winning bidder in an RFP to provide services for the Department of Natural Resources (DNR) with the State of Indiana. Omnicity was the winning bidder and the contract was announced this week for Omnicity to provide the essential services at the Mississinewa Lake and Miami State Recreation Area.

Omnicity continues to progress with its business model to deliver broadband services to rural America. Providing services to the DNR demonstrates that its model is being accepted on a statewide basis. Covering much of the rural historical area in north central Indiana, Mississinewa Lake is a 12,000 acre reservoir. It was built to control flooding and provide recreation in the form of boating, fishing, camping and picnicking. The Company will install its Cisco’s Broadband Wireless Access (BWX) WiMAX antennas and base stations (Tie-in to Omnicity’s overall RFP and grant applications totaling $31m).

Greg Jarman, CEO of Omnicity, stated, “We look forward to providing our services to the DNR and proving that our model works for rural state park facilities statewide and even nationwide. Our team is experienced and understands the importance of what this contract means to the state park and to the local community that surrounds the park.”

He continued, “Omnicity will install its Cisco equipment inside the state park and will provide services to visitors, campers and staff of the DNR as well as the rural communities that surround the park. We believe that providing high speed internet services to campers and employees of state parks in extreme rural environments such as this is great exposure for Omnicity to its core target market and we are very pleased to have been chosen above all others by the State of Indiana to provide these services.”

Joined: 20 Jan 2009 Posts: 1084

How about Michigan or IL?

Posted: Mon Oct 05, 2009 12:41 pm

Great news for the company and consumers. Quite a few consumers out there that will ben. Solid sustaining revenue on the way

Posted: Tue Oct 06, 2009 2:45 pm

Would like to read about costs and rates

Posted: Thu Oct 08, 2009 9:08 am

Omnicity Corp. (OMCY.OB) Signs Comprehensive Satellite Internet Delivery Agreement; Leaves No Home Behind

Yesterday after the closing bell, Omnicity Corp. announced that it has signed an agreement with StarBand Communications Inc., a leading international satellite internet service provider. Through StarBand, the company will offer satellite high speed internet service in markets throughout the United States. Omnicity will rebrand this service as Omnicity Satellite Internet Services, intending to offer it to households that may not be able to receive Omnicity’s wireless internet or DSL services.

Planning to immediately launch this rebranded satellite service in all its markets, Omnicity will have a high speed internet solution for virtually every household in its markets. Omnicity Satellite Internet Services will be a value oriented service available for residential, small office/home office (SOHO) and small businesses. The addition of satellite high speed Internet enables the company to cover more areas, consequently increasing subscription revenues.

“We have people who call in on a daily basis that we can’t reach yet with our wireless and DSL coverage areas. With our new satellite capabilities, we can cover just about everybody,” stated Greg Jarman, CEO of Omnicity. Omnicity currently covers more than 20,000 square miles with its wireless coverage and can provide 38 states with DSL services. Our satellite service will more than triple the Omnicity coverage of marketable homes and Omnicity will add its satellite coverage capabilities in its application during the second round of the American Recovery and Reinvestment Act of 2009 to bring the Internet to all of rural America.”

Mr. Jarman added, “By having some method to deliver high speed internet service to virtually every home in our service areas, either wireless, DSL, and now Omnicity Satellite Internet Services, we truly can strive for exceptionally high market penetrations and an outstanding branded Omnicity presence. This translates to higher revenue and cash flow per home passed through existing Omnicity assets and, of course, into great long-term value for our shareholders. We are very excited to have consummated this satellite delivery deal and to begin marketing Omnicity Satellite Internet Services alongside our wireless and DSL options.”

Posted: Thu Oct 08, 2009 1:49 pm

covering bases, smart

Joined: 22 Jun 2009 Posts: 104

Nice pull together for a larger market

Joined: 22 Jun 2009 Posts: 104

Underserved markets are a huge opp.

Joined: 20 Jan 2009 Posts: 1084

There is a need out there espcially in rual areas.

Posted: Thu Oct 15, 2009 2:33 pm

Omnicity Corp. (OMCY.OB) Aggressively Seeking to Power Rural Areas with Broadband and Communications Services

Omnicity Corp. is an Indiana-based, wireless broadband service provider taking steps to initiate and execute its business mission to become the leading provider of rural telecommunications for communities, businesses and residences throughout the United States.

The company’s services include cost-effective high-speed Internet access, advanced communications solutions through a variety of package options. Omnicity also offers computer repair services such as anti-virus program installation, data backup, virus removal and repairs, new computer setup, home personal computer repair and more.

The company envisions bridging the “digital divide” by offering broadband access to underserved areas to promote job growth, economic development and civic participation. To execute this strategy, the company seeks expansion through acquisition and organic growth, as well as through established partnerships with rural electric municipal cooperatives and rural telephone companies.

Omnicity currently serves businesses and consumers in more than 30 counties in Indiana. To ensure quality service and customer satisfaction, the company’s technology requires it to conduct free survey sites to determine acceptable signal levels in its coverage areas.

The company relies on its seasoned management team with years of combined wireless broadband/SP expertise to guide it through expansion efforts. This team also has experience in the consolidation of a large numbers of businesses through the company’s roll-up strategy, boosting expansion and partnership opportunities.

Posted: Fri Oct 16, 2009 2:38 pm

Omnicity Corp. (OMCY.OB) Brings the Web to Rural America

Omnicity Corp. hopes to do with the Internet what was done with electricity in the 1930s. Specifically, they hope to bring all of the benefits and capabilities of the Web to rural areas not currently served with broadband access. The goal is to build a nationwide wireless network that is able to deliver high-speed Internet access to rural subscribers in a more cost-effective way than traditional cable or fiber optic models.

Currently, only 38% of rural households have broadband connections, versus 57% of urban homes and 60% of suburban homes. Most homes in rural areas cannot receive cable television or broadband. Even DSL rarely extends beyond the city limits. And traditional dial-up service is simply to slow to run many of the Web’s newest programs.

All of this greatly limits the ability of this segment of the population to participate in what is rapidly becoming the most important communication revolution in modern history. Of perhaps greatest concern is the inability of many rural communities to realize the economic benefits made available by the Web. Small business, like all business, is increasingly dependent upon the Internet to reach their market. Opportunities for web-based businesses in rural communities are significant, but are almost totally dependent upon broadband access.

Just as the electrification of rural America in the 20s and 30s transformed living standards, broadband could open up a world of economic and personal benefits for large areas of the country. But, as with electrification, the costs of providing service to a relatively small and diverse population has been a problem. It simply costs too much to lay a cable just to serve a few households.

But Omnicity plans to change all that using advanced wireless network technology. Wireless technology greatly reduces costs, making service possible to areas previously out of reach. The company’s strategy is to provide a total broadband solution, including voice, video, and data, in unserved and underserved markets, growing through acquisitions and partnerships with Rural Electric Municipal Cooperatives and Rural Telephone Companies.

With over 40 million rural and small homes and businesses having inadequate Internet service, the potential for growth is clear. Over the next 5 years, Omnicity projects a customer base of 170,000 subscribers, and revenues of nearly $87 million.

Joined: 20 Jan 2009 Posts: 1084

"Currently, only 38% of rural households have broadband connections" I agree with especially being out in a RUAL area. Very hard to find a provider.

Joined: 22 Jun 2009 Posts: 104

A solid niche to be a proit center. Investors need to know this is an area to be addressed.

Posted: Tue Oct 20, 2009 8:48 am

Omnicity Corp. (OMCY.OB) Signs LOI for Acquisition

Omnicity Corp announced that it’s continuing to move forward with its plan to become the premier consolidator in the WISP industry by signing a Letter of Intent with the wireless division of Solutions Unlimited, Inc. (”SUI”) of New Castle, Indiana. Doing business as “Midwest WISP”, SUI is only one of the next several acquisitions Omnicity plans to announce during the current quarter.

Greg Jarman, CEO of Omnicity, stated, “We are pleased to have worked out a great deal for both Midwest WISP and Omnicity and look forward to bringing their subscribers and infrastructure into the fold. This acquisition adds another important set of assets and an ongoing local marketing presence to our eastern border.”

Over the past six months, Omnicity has more than doubled its subscriber base and revenue, and anticipates doubling its intake again by the end of the year.

Michael Dinkins, President of SUI commented, “The timing is perfect for us to turn over our fixed wireless assets to Omnicity and we have full confidence in their ability to deliver on their business model. We believe in their plan so much that we have chosen to move our assets into an equity investment in Omnicity.”

SUI began operations in 1994 selling computers, network services, dial-up Internet and, in 2003, added high speed fixed wireless services. SUI will continue to sell Omnicity services from their storefront location in New Castle, Indiana as the first step in the Omnicity reseller channel. SUI maintains network services for small and medium businesses in Central Indiana and will market Omnicity services to its clients.

Joined: 19 Jan 2009 Posts: 1667 Location: Arizona

Just think of how many rural areas, unserved by cable, there are in the world. The U.S. could be just the first step.

Posted: Thu Oct 22, 2009 12:24 pm

Omnicity Corp. (OMCY.OB) Set To Triple Coverage

Omnicity Corp., known for bringing broadband communication service to underserved rural areas, has signed an agreement that will more than triple its coverage of marketable homes. The agreement is with leading international satellite Internet service provider StarBand Communications Inc., and allows Omnicity to offer StarBand satellite high speed Internet service coverage to areas throughout the U.S. not currently able to receive Omnicity’s wireless Internet or DSL services.

The new service will be rebranded as Omnicity Satellite Internet Services, and means Omnicity will have a high speed Internet solution for virtually every household in its markets. The service will be available for residential, small office/home office, and small business customers, and secures Omnicity’s position as the key player in the rural broadband service industry.

Omnicity CEO, Greg Jarman, commented on the importance of the agreement. “We have people who call in on a daily basis that we can’t reach yet with our wireless and DSL coverage areas. With our new satellite capabilities, we can cover just about everybody. By having some method to deliver high speed internet service to virtually every home in our service areas, either wireless, DSL, and now Omnicity Satellite Internet Services, we truly can strive for exceptionally high market penetrations and an outstanding branded Omnicity presence. This translates to higher revenue and cash flow per home passed through existing Omnicity assets and, of course, into great long-term value for our shareholders. We are very excited to have consummated this satellite delivery deal and to begin marketing Omnicity Satellite Internet Services alongside our wireless and DSL options.”

Omnicity plans to add the new satellite coverage during the second round of the American Recover and Reinvestment Act of 2009 to bring the Internet to all of rural America. The company’s strategy is to continue its rapid growth through acquisitions and organic growth, and to continue to partner with Rural Electric Membership Co-ops and Rural Telephone Companies.

Joined: 19 Jan 2009 Posts: 1667 Location: Arizona

This one deal makes the company the one to beat.