The results show the continuing strong performance of our sites. During the quarter we closed on 49 communications sites and built 15 towers. Additionally we augmented 12 of our existing towers in order to accommodate new tenants. These results are very satisfying and we continue to see strong demand for rental space on our sites as we look forward. We recently executed an agreement to acquire Motorola's antenna site business - this transaction fits well within the strict acquisition criteria that we have set ourselves.
Pinnacle is a leading provider of wireless communications site rental space in the United States.
To date, the Company has completed over 280 acquisitions and upon completion of all pending acquisitions will own or manage over 3000 sites. Pinnacle is headquartered in Sarasota, Florida. This press release contains forward-looking statements that involve a number of risks and uncertainties. The Company wishes to caution readers that certain important factors may have affected and could in the future affect the Company's actual results and could cause the Company's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company.