PERLA CAPITAL PARTNERS BUYS MAJORITY STAKE IN STEIMEL COMMUNICATIONS

Tower Services Company Well-Positioned to Meet Growing Demand for Wireless Backhaul

NEW YORKSept. 21 /PRNewswire/ -- Perla Capital Partners, LLC, an investment firm with extensive experience in the telecom sector, purchased a majority stake in Steimel Communications, Inc., a Midwest-based tower services company.

Steimel specializes in installing microwave transmission equipment on cellular towers to create wireless backhaul connections. Growth is a primary aim of the management team. With PCP's acquisition – and the infusion of cash that goes along with it – Steimel takes a big leap forward toward achieving that goal.

"There are three things that stand out about Steimel to me," said Matt Michaelis, the Managing Member of PCP. "Strong relationships with the wireless carriers, an outstanding workforce with a unique skill set and a growing demand for their services."

"The growth in smartphones and other wireless devices is driving the need for more network capacity, which means more wireless backhaul," explained Tony Steimel, the company's Co-Founder and President.

"With this investment, we benefit not only from Perla Capital Partners' financial resources, but from its industry experience and strategic vision," Steimel added.

About Steimel Communications, Inc.

Steimel is a leader in deploying microwave communication solutions. With integrated tower and radio personnel, the Company has installed turnkey solutions for wireless carriers, equipment manufacturers, tower owners and government entities across the US. With its highly-trained and dedicated work force, Steimel assures that the job is done right ... the first time. For more information, please visit www.steimelcomm.com.

About Perla Capital Partners, LLC

PCP is an investment firm specializing in the telecommunications industry. The firm acquires small businesses with strong management teams and attractive growth opportunities. For more information, please visit www.perlacapitalpartners.com.