Waller Capital announces sale of Precis Communications to Emery Telcom

New York, NY

Waller Capital announced today that it has arranged the sale of Precis Communications to Emery Telcom. The transaction, which is expected to close by the first quarter of 2009, will provide Emery Telcom with a significant broadband customer base in Utah and parts of Nevada.

Waller Capital served as financial advisor to Precis Communications.

About Emery Telcom

Emery Telcom is one of Utah’s leading providers of telecommunication services. Based in Orangeville, Utah, Emery Telcom was formed as a cooperative in 1950 and has since earned industry-wide recognition for its excellence. The telecommunications company serves thousands of telephone customers throughout communities in Carbon, Emery, Grand, and Wayne Counties providing local and long distance services, internet access, cable television and advanced telecommunications such as DSL and other high-speed digital internet connections.

About Precis Communications

Precis Communications is a broadband communications company that serves approximately 8,000 customers in 14 rural communities throughout Utah and Nevada. The company was originally founded in 2001. Precis Communications offers basic and premium cable television service, state-of-the-art digital cable entertainment and high speed cable and wireless Internet service.