US Equity Provides Financing To WiBeam

Online, April 12, 2010 (Newswire.com) - US Equity, the New Albany, Ohio-based Private Equity firm has provided $1million to WiBeam, a Macon, Georgia-based premier provider of convergence telecommunications and wireless technology solutions.

US Equity plans to provide additional capital to allow for WiBeam's continued expansion. US Equity's $1million investment is going into Palm Beach Broadband LLC, a portfolio of WiBeam distributorships in South Florida. US Equity Senior Partner Luke Westerman says, "WiBeam is in the right place at the right
time. They provide wireless broadband services at a fraction of the cost of their competition. In this economy, the bottom line speaks the loudest. Our target market is looking to save money wherever they can, and WiBeam is the obvious choice for that target market. This makes WiBeam a viable investment for
our firm."