Corridor Communications Corporation Signs Agreement to Deploy Wireless Broadband Service (WIFI) to Alpha Broadcasting Communicat
17 June 2004 - 9:30PM
PR Newswire (US)
Corridor Communications Corporation Signs Agreement to Deploy
Wireless Broadband Service (WIFI) to Alpha Broadcasting
Communications Customer Base and Surrounding Area Company Will
Expand Broadband Wireless Data Services to Homes and Businesses in
Pinal and Maricopa Counties in Arizona MOUNTAIN VIEW, Calif., June
17 /PRNewswire-FirstCall/ -- Corridor Communication Corporation
(OTC:CORR) (BULLETIN BOARD: CORR) has entered into an agreement to
Deploy Wireless High-Speed Internet service to the Cable TV
subscribers of Alpha Broadcasting Communications for a July 2004
deployment. Alpha Communications provides cable TV to private homes
and residents in Apache Junction and Pinal County Arizona. The
companies have agreed to launch Corridors Wireless HotZone system
to complement the service from Alpha's Main tower locations where
Corridor will be able to reach thousands of homes and businesses in
East Mesa and Apache Junction. Most of the potential subscribers
are in areas of Pinal and Maricopa County Arizona and fall outside
of Alpha's cable service area. Corridor plans to market its
high-speed Internet data services to Alpha's existing customer base
and the surrounding community. Corridor will also aid in the
expansion of Alpha's cable subscriber base by adding broadband
cable modem services utilizing Alpha's existing cable delivery
infrastructure. "This agreement springboards Corridors Wireless
service into the community that is adjacent to our Future Coast
Cable asset acquisition target. Alpha has strategic Tower locations
that are very important and give us the opportunity to launch today
in the Arizona Market. Alpha's subscriber base is anxious for
broadband services. We know that by adding High-Speed Broadband
Services we can significantly enhance the subscriber revenue and
numbers. The wireless launch by Corridor into this new market will
provide service where, in most cases, high-speed broadband service
is not yet available to the consumer. Given this fact we feel that
both the existing subscriber base and future subscribers will
embrace the combined services offered by the company," said J.
Michael Heil, Chief Executive Officer of the Company. Scott Mac
Caughern, Chairman of Corridor Communications Corporation stated,
"The Alpha Tower locations will allow us to provide WIFI service to
customers in a high density area that is part of our immediate
expansion plans. By launching today Corridors Wireless Broadband
Internet service in Mesa and Apache Junction Arizona will allow us
to be already present as a local Broadband Internet Service
Provider when we close our Cable acquisition deal with Coast
Communications." About Corridor Communications Headquartered in
Mountain View, California with Operations in Salem, Oregon,
Corridor Communications, Inc. is an integrated wireless Internet
service provider (WISP) offering high-speed Internet and data
services, to residents and businesses. The Company plans to
implement a growth-through-acquisition strategy by targeting small
to mid size Dial Up Internet Service Providers (ISP) in areas
underserved by current broadband options. The growth strategy will
also focus on creating partnerships with existing hot spot
management companies while building company owned hotspots to
create ubiquitous coverage or "Hot Zones" that encompass entire
cities. Corridor's IP-Based technology supports all hardware
meeting Wi-Fi 802.11(x) standards operating in an unlicensed spread
spectrums (2.4 GHz and 5.7 GHz), and can be deployed far less
expensively than comparable copper and cable technologies. The
company also plans to leverage its network build out for other
services that may include voice and video. For more information
about Corridor Communications, please visit the Company's web site
at http://www.corridorcommunications.com/ . "Safe Harbor" statement
under the Private Securities Litigation Reform Act of 1995: This
release contains forward-looking statements that are subject to
risks and uncertainties, including, but not limited to, the impact
of competitive products and pricing, product demand and market
acceptance, new product development, reliance on key strategic
alliances, availability of raw materials, the regulatory
environment, fluctuations in operating results and other risks
detailed from time to time in the company's filings with the
Securities and Exchange Commission. Our forward-looking statements
are based on currently available information which management has
assessed but which is dynamic and subject to rapid and even abrupt
change due to risks and uncertainties that affect our business,
including the unpredictability of future revenues and limited
visibility into future demand on which to base our forecasts; the
current uncertainty in our marketplace which may impact expected
demand, customer selection criteria and sales cycle; our ability to
execute on product deliverables and major customer contracts,
slower economic growth generally, slower adoption of broadband
technology, or cutbacks in information technology spending; and
factors beyond our control such as power outages or work stoppages
at key customers. CONTACT: Scott Mac Caughern of Corridor
Communications Corp., +1-650-961-5707, or smac@speedpalcom.
DATASOURCE: Corridor Communication Corporation CONTACT: Scott Mac
Caughern of Corridor Communications Corp., +1-650-961-5707, or
smac@speedpalcom Web site: http://www.corridorcommunications.com/
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