HACKENSACK, NJ— Wireless high-speed Internet solutions provider RoomLinX signed a letter of intent to acquire SuiteSpeed, Inc. Under the terms of the non-binding agreement RoomLinX will issue 21,450,000 shares of its common stock in order to acquire the outstanding stock of SuiteSpeed. The shares will have piggyback registration rights that commence six months after the completion of the acquisition. Consummation of the transaction is subject to the completion of due diligence, execution of a definitive agreement and closing conditions to be provided for in the definitive agreement.
