WASHINGTON, USA: Members of the Washington law firm Blooston, Mordkofsky, Dickens, Duffy & Prendergast, LLP announced that they have taken advantage of an opportunity to invest in xG Technology, a client.
“We have worked with xG Technology since its inception,” explained Hal Mordkofsky. "We believe that the technology xG has developed represents a unique approach to addressing the need for more spectrum capacity, which could prove to be an important development for the telecommunications industry.”
Blooston, Mordkofsky, Dickens, Duffy & Prendergast is a telecommunications law firm representing rural telecommunications companies, wireless carriers, private radio licensees, cable TV companies, equipment manufacturers and industry associations before the Federal Communications Commission and the courts, as well as state and local government agencies. Clients range from Fortune 500 companies to small and medium-sized enterprises.
Members of the firm were able to participate in the recent private placement of stock. Participants purchased nearly 150,000 shares.
xG Technology is currently operating a mobile Voice over Internet Protocol (VoIP) showcase in the Ft. Lauderdale area covering more than 30 square miles. This is the world’s first mobile VoIP network. Journalists, analysts, potential partners and customers are able to make VoIP calls anywhere in the world while traveling at highway speeds.