In December, 2000, ClearShot, along with two private equity funds, closed on an equity investment in Acme Tower Group ("Acme") a Florida-based tower owner and development company. In addition to the equity investment, Acme and ClearShot signed a letter of intent to combine their businesses, which combination should be complete by June 1, 2001. The combined company will be renamed ClearShot Communications, LLC and will be headquartered in Malvern.

The Acme Tower Group's predecessor companies (Acme Towers, Inc. and Midwest Tower Leasing Inc.) were founded in 1997 and based in Tampa, Florida. Acme also focuses on build-to-suit ("BTS") and build-in-advance or build-to-fill ("BTF") opportunities, primarily in regions based around office locations in Tampa, Dallas, Nashville, Kansas City, San Francisco and Boston. Acme has a formidable track record of leasing up its towers. CWP, founded in 1996 and based in Malvern, Pennsylvania, is an experienced, middle market tower developer focusing on BTS and opportunities in all regions of the US. CWP has a track record of executing very cost-effective BTS projects. At year end 2000, completed towers for Acme and CWP were 62 and 31, respectively. There are presently in excess of 140 sites in various stages of development and the Company plans to have completed a total of 230 towers by the end of 2001 and 330 by year end 2002.