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Corridor Communications Corp. Receives 10-Year Cable TV Franchise
Agreement to Be the Exclusive Service Provider to Over 2300 Homes in Tonopah
and Beatty Nevada
MESA, Ariz., Oct. 21 /PRNewswire-FirstCall/ -- Corridor Communications Corp.
(CORR.OB) announced today that they have been awarded by Nye County Nevada, a
ten year extension to be the exclusive Cable TV provider to over 2300
households in the cities of Tonopah and Beatty. In the recent Corridor
acquisition of Eagle West Communications Inc., Tonopah and Beatty where part of
the 27 Cable TV franchises purchased. During transfer of the rights
negotiations with Nye County, Corridor was successful in achieving the 10-year
extension.
As part of the companies overall strategy of adding a broadband wireless
overlay to its rural cable operations, extending these franchise rights was the
first step for the overall deployment of broadband services. Additionally,
Corridor Communications has negotiated access rights on Brock Mountain for the
strategic location of its wireless broadband access points. Wireless broadband
equipment has been ordered and Corridor expects broadband services for this
market to begin in mid November after extensive testing.
Paul LaBarre, president of Eagle West Communications stated; "We have worked
hard on the takeover of the Eagle West assets which included Tonopah, and I am
pleased that we will now be offering this community both an improved Cable TV
system and broadband services. The goal at Corridor is to have all the Eagle
West Cable Services offering high-speed broadband before the end of summer in
2005. I have a great team within Eagle West and with the support from Corridor
we will have an additional 3 cities operational with broadband services before
the end of November."
About Corridor Communications
Headquartered in Mesa, Arizona with operations in Oregon, Nevada and Arizona,
Corridor Communications, Inc. is an integrated wireless Internet service
provider (WISP) and Cable television provider offering high-speed Internet,
free and pay television, and data services to residents and businesses. The
Company plans to implement a growth-through- acquisition strategy by targeting
small to mid size Cable providers and Dial Up Internet Service Providers (ISP)
in areas underserved by current broadband multi system operators. 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: Investor Relations at Corridor Communications Corp., 480-380-5855, or
.
DATASOURCE: Corridor Communications Corporation
CONTACT: Investor Relations at Corridor Communications Corp.,
+1-480-380-5855, or
Web site: http://www.corridorcommunications.com/