IDT acquires Advanced Data Services

We acquired Advanced Data Services in order to expand our Prepaid Solutions division and gain product and territory.  Can't share much details on the deal but below is a profile on the target which is public information. - Jay

Advanced Data Services, through its Prepaid Solutions division, develops and operates point-of-sale (POS) machines for selling prepaid phone and credit cards, roadside assistance services, and cellular ringtones; the machines have been installed in more than 2,000 retail locations. The company also provides maintenance and support services. Advanced Data Services has offices in Florida, Georgia, and South Carolina. CEO Billie Attaway Jr. started the company in 1995 and is the majority shareholder.

Officers:
CEO: Billie F. Attaway Jr.
Controller: Russ Iserman
Operations Manager: Angel Gabrielso