Frank Matarazzo, Founder of MST, explained, "We continue to build and perfect our platform for 'quadruple-play' services in New York City.
With 20 buildings and significant infrastructure in place, we are now ready to implement our business plan to expand in the New York City area, to be followed by other key markets around the country.
As part of that plan, we intend to increase our business through organic growth as well as by acquisitions.
The funds raised here will enable MST
to pursue both of these strategies more effectively."
Frank Matarazzo will continue to act as CEO, while Ron Pickett will serve as president of the public company.
concluded, "The continued build out in New York City offers us huge opportunities.