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Corridor Communications Corp. Receives 10-Year Cable TV Franchise
Agreement to be the Exclusive Service Provider to Over 1300 Homes in Eagar,
Arizona
MESA, Ariz., Oct. 26 /PRNewswire-FirstCall/ -- Corridor Communications Corp.
(CORR.OB) announced today that they have been awarded by the Eagar, Arizona
City Council a ten year Franchise extension to be the exclusive Cable TV
provider to over 1300 households. In the recent Corridor acquisition of Eagle
West Communications Inc., Eagar was part of 27 Cable TV franchises purchased.
During transfer of the rights negotiations with the city of Eagar, Corridor's
cable TV subsidiary, Eagle West Communications was successful in achieving the
10-year extension.
As part of the company's overall strategy of adding a broadband wireless
overlay to its rural cable operations, extending this franchise agreement was
the first step for the overall deployment of video and broadband services.
Planning has begun for the strategic location of its wireless transmitters. The
company already has a tower and television broadcast equipment located on Green
Peak.
John Conley, VP of Broadband Services at Corridor stated, "Eagar is another
great location for us, now with the extension of the Cable Franchise agreement
we have already begun the planning for our full scale broadband services. The
wireless overlay we will be providing Eagar will allow the local residents and
businesses broadband access anywhere in town. The larger opportunity will come
from the rural market as our wireless footprint will cover a much larger area
than just the City. We recently added Voice Over Internet (VOIP) to the
services and when our broadband installations are complete all of Eagar will
have a competitive telephony alternative."
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 Corp.
CONTACT: Investor Relations of Corridor Communications Corp.,
+1-480-380-5855, or
Web site: http://www.corridorcommunications.com/