[December 05, 2006] Language Access Network Announces Acquisition of iBeam Solutions, a Microsoft Gold Certified Partner Tweet COLUMBUS, Ohio --(Business Wire)-- Language Access Network Inc. (OTC:LANW), the leader in video interpretation services, today announced it has reached an agreement to acquire privately held iBeam Solutions. iBeam Solutions, founded in 2000 and based in Canal Winchester, Ohio, is a comprehensive provider of technology solutions to businesses. A few of iBeam's 450 clients include: Cardinal Health (CAH); Pinnacle Data Systems, Inc. (PNS); The Daimler Group; The Ohio State University; Bricker & Eckler; Zeiger, Tigges & Little; Sowald, Sowald, & Clouse; and Central Ohio Pediatric Endocrinology and Diabetes Clinic; and Winchester Medical and Health Center. iBeam Solutions is the ninth fastest growing IT firm in Ohio with gross revenues exceeding $1.6 million in 2006; the number one IT company accruing $34 million in gross sales according to Columbus Business First. iBeam's revenues are projected to increase to over $3 million in 2007, after having their best and most profitable year in 2006. Language Access Network will purchase iBeam Solutions for restricted common stock and debt in the company. The acquisition will be accretive to 2007 earnings. "We see the opportunity for double digit revenue growth from iBeam Solutions well into the next decade," said Michael Guirlinger, CEO/COO of Language Access Network. "The acquisition of iBeam Solutions will give Language Access Network access to one of the best technology teams in the U.S. As a company that is dependent on technology to deliver our service, the acquisition will give us the IT backbone necessary to become the number one source for video interpretation services." "iBeam Solutions has a reputation for eliminating finger pointing and multiple vendor issues by providing most all technical services businesses may need under one roof. In conjunction with Language Access Network, iBeam Solutions will have the ability to expand our national service offering and serve a broader range of public and private clients, while continuing to serve one of the most exciting companies in the U.S., the Language Access Network," stated Eric Schmidt, CEO of iBeam Solutions. iBeam Solutions, a Microsoft Gold Certified Partner, was founded in 2000 and is one of Central Ohio's fastest growing technology consulting firms. iBeam Solutions has been a Top CAT nominee in multiple categories the last 6 years running, Business of the Year from the Canal Winchester Chamber of Commerce, and has received press regarding their talents in many publications including Business First and The Daily Reporter, and has appeared on national TV on Fox Cable News as the subject of a Summerall Success Story with Pat Summerall. Their CEO, Eric Schmidt, was a finalist for the 2003 and 2004 Ernst & Young Entrepreneur of the Year Award. iBeam provides design and implementation of networks, security and Internet monitoring, technical support, web development, graphic design, application development, database development and support, phone and data wiring, wireless solutions, phone system installation and support, web site hosting, server and PC sales and service, sales and support for all brands and types of hardware and software, web cams, forensic technology services, help desk services, monitoring and much more. iBeam is also Novell certified and works with all the major vendors in the industry. For more information please visit their web site at www.ibeamsolutions.com. Language Access Network Inc. (OTC:LANW), based in Nevada, is the pioneer and leader in video language interpretation services with operations in Columbus, Ohio. A publicly traded company, Language Access Network provides pharmacies and medical facilities with professionally trained interpreters 24 hours a day, seven days a week through our centralized video language center, interpreting more than 150 different languages including American Sign Language (ASL) via real-time, interactive video technology. More information is available at www.languageaccessnetwork.com Cardinal Health Systems www.cardinal.com Pinnacle Data Systems, Inc. www.pinnacle.com The Daimler Group www.daimlergroup.com The Ohio State University www.osu.edu Bricker & Eckler www.bricker.com Zeiger, Tigges & Little LLP www.litohio.com Sowald, Sowald, & Clouse www.sowaldclouse.com Central Ohio Pediatric Endocrinology and Diabetes Clinic www.copeds.com/Disclaimer.asp Stay up to date with MN1 NewsWire "NEWS YOU CAN TRUST" at www.MN1.com Safe Harbor Statement This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. [ Back To TMCnet.com's Homepage ]