Amp'd Mobile is still leaving the building, but Prexar Mobile has offered to step in and take over Amp'd's subscribers. Subscribers will be able to transition their service from Amp'd to Prexar by visiting Prexar's Web site and filling out some forms. Is this good news?

Well, for people who didn't want to lose their service it is. Prexar, which is an MVNO offering from competitive local exchange carrier USA Telephone, signed an agreement to acquire certain assets from Amp'd Mobile. Since Amp'd is essentially broke, its subscribers are about the only real asset it has left.

In a prepared statement, USA Telephone CEO Bill Fogg said, "Amp'd Mobile worked diligently on an agreement that would guarantee continuity of service for their former customers and a way to seamlessly transition to a compelling offering with the same rewarding user experience they have always enjoyed. We have a proven track record in delivering reliable phone service to customers nationwide, and believe we can, going forward, offer a full-featured, content-rich mobile service built around each user's unique and demanding communications lifestyle."

It was nice of Amp'd to think about its customers in inking this deal.

According to Prexar, Amp'd subscribers will be able to keep their current phones and phone numbers. All that is required is to sign up via Prexar's Web site. And they have to do so by the end of the day tomorrow (Aug. 1). This eleventh-hour-angel move from Prexar should prevent Amp'd subscribers from completely losing their service.

Prexar offers four different service plans that span from $40 and $180 per month. Subscribers, who don't have to sign contracts, can add messaging plans for additional fees. Prexar will not offer Amp'd's content or other services just yet.

The two companies did not offer details about the terms of the deal, nor what would happen to Amp'd's pre-paid customers.