BOCA
RATON, Fla., April 21,
2022 /CNW/ - EasTower Wireless Inc.
("EasTower" or the "Company") (TSXV: ESTW), a
US-based provider of next generation wireless communications
infrastructure specializing in the construction, installation, and
maintenance of 5G and 4G wireless systems, is pleased to announce
that it has received a purchase order for a significant new site
build from one of the largest national tower owner in the United States ( the "Client"). EasTower is
currently engaged in 16 different 5G infrastructure developments in
addition to this latest purchase order
"The demand for 5G infrastructure continues to outpace supply in
the Florida market, and with the
addition of the labor shortages experienced nationwide, we are
experiencing an abundance of purchase order requests from major
telecoms and tower companies," said Vlado
P. Hreljanovic, CEO of EasTower, "We continue to focus on
growing our business by increasing and certifying our crews to
provide quality 5G infrastructure build-outs, in order to satisfy
the high demand we are seeing from our customers. With our
reputation as one of the highest quality 5G builders in
Florida, we are confident that
EasTower is extremely well-positioned to continue to capitalize on
the rapidly growing need for 5G infrastructure in the market."
About EasTower Wireless Inc.
The Company, through its wholly owned subsidiary, EasTower
Communications Inc., is a U.S. provider of wireless infrastructure
developments and related services. The Company specializes in the
construction, installation, upgrading, and maintenance of next
generation wireless infrastructure systems, including 5G, 4G and
small cell deployments as well as first responder or FirstNet
initiatives. The Company's diverse, top-tier customer base includes
major telecom providers, global original equipment manufacturers
(OEMs), corporations and federal government agencies. The Company
is currently operating in the State of
Florida and is focusing on expanding into the Southeastern
Sunbelt states of the U.S.
For more information, please visit www.eastowerwireless.com
Forward-Looking Information
Certain statements contained in this press release constitute
"forward-looking information" as such term is defined in applicable
Canadian securities legislation. The words "may", "would", "could",
"should", "potential", "will", "seek", "intend", "plan",
"anticipate", "believe", "estimate", "expect" and similar
expressions as they relate to the Company, are intended to identify
forward-looking information. All statements other than statements
of historical fact may be forward-looking information. Such
statements reflect the Company's current views and intentions with
respect to future events, and current information available to the
Company, and are subject to certain risks, uncertainties and
assumptions. Many factors could cause the actual results,
performance or achievements that may be expressed or implied by
such forward-looking information to vary from those described
herein should one or more of these risks or uncertainties
materialize. Examples of such risk factors include, without
limitation: credit; market (including equity, commodity, foreign
exchange and interest rate); liquidity; operational (including
technology and infrastructure); reputational; insurance; strategic;
regulatory; legal; environmental; capital adequacy; the general
business and economic conditions in the regions in which the
Company operates; the ability of the Company to execute on key
priorities, including business retention, and strategic plans and
to attract, develop and retain key executives; the ability to
implement business strategies and pursue business opportunities;
low profit market segments; disruptions in or attacks (including
cyber-attacks) on the Company's information technology, internet,
network access or other voice or data communications systems or
services; the evolution of various types of fraud or other criminal
behavior to which the Company is exposed; the failure of third
parties to comply with their obligations to the Company or its
affiliates; the impact of new and changes to, or application of,
current laws and regulations; dependence on key suppliers; granting
of permits and licenses in a highly regulated business; the overall
difficult litigation environment, including in the U.S.; increased
competition; changes in foreign currency rates; increased funding
costs and market volatility due to market illiquidity and
competition for funding; the availability of funds and resources to
pursue operations; critical accounting estimates and changes to
accounting standards, policies, and methods used by the Company;
the occurrence of natural and unnatural catastrophic events and
claims resulting from such events; and risks related to COVID-19
including various recommendations, orders and measures of
governmental authorities to try to limit the pandemic, including
travel restrictions, border closures, non-essential business
closures, quarantines, self-isolations, shelters-in-place and
social distancing, disruptions to markets, economic activity,
financing, supply chains and sales channels, and a deterioration of
general economic conditions including a possible national or global
recession; as well as those risk factors discussed or referred to
in the Company's disclosure documents filed with the securities
regulatory authorities in certain provinces of Canada and available at www.sedar.com. Should
any factor affect the Company in an unexpected manner, or should
assumptions underlying the forward-looking information prove
incorrect, the actual results or events may differ materially from
the results or events predicted. Any such forward-looking
information is expressly qualified in its entirety by this
cautionary statement. Moreover, the Company does not assume
responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release and the Company undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE EasTower Communications, Inc.
