NewNet Communication Technologies (A Skyview Capital Company) Acquires LSSiDATA as part of its Volt Delta Resources LLC Acquisition

    MORRISVILLE, NC, January 09, 2015 /24-7PressRelease/ -- LSSI DATA CORP ("LSSiDATA") announced today that it has been indirectly acquired by global network services provider NewNet Communication Technologies, a Skyview Capital company. The acquisition arises as a result of the acquisition of LSSiDATA's direct parent company, Volt Delta Resources, LLC ("VoltDelta"), by NewNet Communication Technologies. Ownership of LSSiDATA was previously held within the Volt Information Sciences (NYSE:VISI) group of companies.

LSSiDATA is a market leader in database analytics, validation, and identity products that provide productivity enhancements. Loan originators, debt recovery services and debt buyers take advantage of LSSiDATA's comprehensive repository of contact detail and solutions that optimize productivity to more effectively identify, locate and engage.

"This acquisition provides LSSIDATA with a parent company in NewNet that is aligned with our technology and investment requirements," said Rick Kurtz, Vice President and General Manager of LSSIDATA. "Our ability to deliver innovative solutions that combine predictive analytics with frequent and massive database updates is enhanced with NewNet's foundation of experience, talent and resources."

Included within the LSSIDATA product portfolio is the ConneX automated skip tracing solution which provides agents with optimized contact strategies based on sophisticated data algorithms. ConneX allows agent to focus on locating and engaging debtors by intelligently automating data mining efforts.

"The alignment of LSSiDATA with NewNet represents a significant milestone in the evolution and expansion of NewNet's product portfolio and market focus. The combination of these businesses allows us to expand our services and core competencies to address needs in the risk and data industries. We look forward to growing the LSSiDATA "Big Data services," said Alex Soltani, Chairman and CEO of Skyview Capital.

The share purchase agreement was signed and the transaction simultaneously closed on December 1, 2014. Terms of the agreement were not disclosed by Skyview Capital.

About Skyview Capital, LLC
Skyview Capital, LLC, is a private investment firm headquartered in Beverly Hills, California, which specializes in the acquisition and management of "mission critical" enterprises in the areas of technology, telecommunications, business services, and niche manufacturing. By leveraging its operational capabilities and financial acumen, Skyview systematically enhances the long-term sustainable value of the businesses it acquires. To date, Skyview has successfully completed over 20 transactions within its target market verticals. For further information, please visit www.skyviewcapital.com.

About NewNet Communication Technologies
NewNet Communication Technologies is a leading global provider of next generation mobile technology solutions. NewNet enables global operators and equipment manufacturers to rapidly develop and deploy revenue-generating solutions to optimize global communications. NewNet specializes in Mobile Messaging, Secure Transaction Processing, Interactive Voice Response (IVR), Real Time Charging & Rating, and Broadband Wireless solutions reaching millions of end users in over 90 countries. NewNet is a part of the Skyview Capital LLC, portfolio of companies. For further information, please visit www.newnet.com.

About LSSiDATA
LSSiDATA is a data analytics provider for loan originators, debt recovery services and other financially focused organizations. LSSiDATA products combine predictive algorithms and data analytics with comprehensive database resources to enhance collection services performance with compliance and security. Identity and workflow optimization solutions provided by LSSiDATA enable debt services organizations to more efficiently and effectively identify, locate and engage. For further information please visit www.lssidata.com.

Media Contact:
Skyview Capital LLC
Jeff White, VP Business Development
310-273-6070

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