DESCA Completes Acquisition of Transistemas

Business Wire,  July 2, 2008  

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The Company, a Subsidiary of eLandia International Inc., is Well-Positioned to Take a Market Leadership Role in Argentina and Latin America

MIAMI -- Reissuing release dated July 1, 2008 to add ticker symbol for searching purposes.

The corrected release reads:

DESCA COMPLETES ACQUISITION OF TRANSISTEMAS

DESCA, a leading Latin American provider of network solutions and systems integration services, announced today that it has completed the acquisition of Transistemas, an Argentine-based company. Terms of the transaction were not disclosed. The acquisition provides DESCA with direct presence in Latin America from Mexico to Argentina, and positions the company to significantly leverage its talented professionals for capturing new opportunities and strengthening relationships with customers and partners.

"We are delighted to welcome Transistemas' employees to DESCA," said Jorge Alvarado, president and chief executive officer of DESCA. "Their skills and experience significantly enhance our service capabilities. We look forward to reaching new levels of success with the combined organizations."

The two companies signed a binding Letter of Intent on April 7, 2008 and executed a purchase agreement on May 23rd. The acquisition was completed today. The acquisition assures service continuity for existing customers and provides employees with new opportunities for sustained growth.

Transistemas' customers will receive the same service and support as always, while gaining the combined strength of more than 700 DESCA professionals behind their networking solutions. In addition, the acquisition delivers a broader portfolio of communications and networking solutions with the ability to meet customers' needs for new market efficiencies through technology enablement.

Strategic vendors such as Cisco Systems, Microsoft, Sun Microsystems, VMware and Oracle, among others, will be able to easily invest in Argentina's growing market and capture new opportunities. By partnering with DESCA's highly professional services team and showcasing leading-edge solutions, vendors can deliver the technologies and reap the benefits of growth in Latin America's dynamic IT market.

The acquisition makes DESCA one of the largest networking solutions providers in Latin America and the Caribbean, with more than 700 employees and direct presence in more than 11 countries. As a majority-owned subsidiary of eLandia International Inc., DESCA serves customers from locations in Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Trinidad & Tobago, and Venezuela. From its new location in Argentina, DESCA plans to expand operations into Bolivia, Chile, Paraguay, Peru, and Uruguay over the next 18 months.

About DESCA

DESCA is the leading provider of network infrastructure and system integration products and services in Latin America and the Caribbean. The company delivers world-class business information and telecommunications solutions to customers in Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Panama, Trinidad & Tobago, Venezuela, and Argentina. The company is majority-owned by eLandia International Inc. (OTCBB: ELAN) and headquartered in Miami, Florida. For more information, please visit www.desca.com.

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, including but not limited to statements relating to projections and estimates of earnings, revenues, cost-savings, expenses, or other financial items; statements of management's plans, strategies, and objectives for future operations, and management's expectations as to future performance and operations and the time by which objectives will be achieved; statements concerning proposed new products and services; and statements regarding future economic, industry, or market conditions or performance. Forward-looking statements are typically identified by words or phrases such as "believe," expect," anticipate," project," "plans," and conditional verbs such as "may," "could," and "would," and other similar expressions. Such forward-looking statements reflect management's current expectations, beliefs, estimates, and projections regarding Desca, its industry and future events, and are based upon certain assumptions made by management. These forward-looking statements are not guarantees of future performance and necessarily are subject to risks, uncertainties, and other factors (many of which are outside the control of DESCA or eLandia International Inc.) that could cause actual results to differ materially from those anticipated.

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