Blink Communications completes its acquisition of telecom fibre optic assets
from Veridian Energy

OAKVILLE, ON, Oct. 8 /CNW/ - Blink Communications Inc. announced today that it has purchased the fibre-optic telecom assets of Veridian Energy Inc.

As a result of a binding purchase and sale agreement signed on August 12, 2009, this strategic acquisition enables Blink to expand its wholly-owned fibre optic network to include a large part the eastern GTA market and beyond. Blink will now be offering its business data and internet services to Ajax, Pickering, Bowmanville, Port Hope and Belleville. This is in addition to the communities of Toronto, Mississauga, Oakville, Milton and Burlington already served by Blink.

Over the past 11 years, Blink Communications has built a network infrastructure designed to service the specific needs of the business market. Blink delivers cost-effective, fibre-based high bandwidth services for applications that range from wide-area managed corporate networks and Internet to data centre co-location. "The Veridian acquisition presents a tremendous opportunity for Blink Communications", says Troy Hare, Blink's President & C.O.O. "We look forward to expanding our market and continuing our commitment to working with existing and prospective customers on solutions that are specific to their needs."

According to Veridian Energy Executive Vice President Rob Scarffe, the sale of the company's fibre optic network to Blink will bring value to its customers. "We are very pleased with the capabilities and vision of the people at Blink", he said. "We're satisfied that our valuable customers will continue to receive the high level of service that they are accustomed to."

About Blink Communications

Blink Communications is a facilities based data communications service provider that delivers cost-effective, fiber-based high bandwidth services for some of the largest organizations throughout North America. With approximately 1300 KM of routed fiber, Blink Communications is one of the few optical networks left that are fully diverse from that of other carriers. Designed to deliver the utmost in flexibility, security and scalability, the network allows fast, simple bandwidth changes that grow with end user requirements and delivers optimal uptime for mission-critical applications.

About Veridian Energy

Veridian Energy is a Pickering, Ontario based energy services company that specializes in water heater rental services for residential and business customers. Through its parent company Veridian Corporation, Veridian Energy is owned by the City of Pickering, the Town of Ajax, the Municipality of Clarington and the City of Belleville.

SOURCE BLINK COMMUNICATIONS INC.

For further information: For further information: Media Contacts: Dino Farinaccia, Blink Communications Marketing, (905) 825-4421 ext. 4008; Rob Scarffe, Veridian Energy Inc., (905) 420-8440 ext. 5267

Organization Profile

BLINK COMMUNICATIONS INC.

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VERIDIAN ENERGY

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