CorEnergy Infrastructure (PK) (USOTC:CORR)
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Corridor Communications Corporation Completes Its New Wireless
Link to Stayton, Oregon and Begins to Build a New Tower Site in Falls City,
Oregon
Company Continues Expanding Its Coverage Adding an Additional 15-Mile Range to
the West and Has a New 100-Foot Tower 2nd Location 15 Miles East Furthering Its
Reach to the Un-Served Rural Markets
MOUNTAIN VIEW, Calif., June 21 /PRNewswire-FirstCall/ -- Corridor
Communications Corporation (OTC:CORR) (BULLETIN BOARD: CORR) has just
completed steps in expanding its wireless Broadband Service both east to the
Cascades and west to the Pacific Coast. Each of the new areas will be served
from the main Salem, Oregon Tower at Prospect Hill with 5.7 GHz / 54mbs
backhauls connected to tier one fiber backbone. The expansion will help the
company fulfill it mission of providing service at competitive price points in
areas where no other broadband service is available. The additional coverage
area comes with no increase in bandwidth cost or overhead and the company will
be offering T-1 service burstable to 8mbs. The additional access points will
increase the company's ability to serve many hundreds of additional homes and
businesses. Paralleling this deployment Corridor began its first apartment
complex (MDU) installation. Corridor is the exclusive high-speed broadband
provider deploying 100% hookup on a bulk billing bases to the property owner.
Corridor provides high-speed wireless Internet services in a contiguous and
ubiquitous service area known as a HotZone serving homes, business and roaming
users. Corridor will continue engage in contractual negotiations to provide
broadband service to the nearly 200 apartment complexes in Salem, Oregon.
"Blazing trails and establishing Corridors HotZone wireless Broadband service
to new areas is of top priority in the early stages of our business plan. Our
favorite profile of a new area is one that broadband is not available and
dial-up options are long distance. That makes Corridor the only option and
when we give our new subscribers wireless connectivity outside their hometown
we are winning a lot of loyalty and new customer referrals," said J. Michael
Heil, Chief Executive Officer of the Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated,
"The future value of this company will come through the deployment of our
wireless broadband service in dozens of cities and towns and by providing solid
and desirable connectivity at the right price. Whenever we can expand our
service area and customer base without adding cost we know we are making good
business decisions. Also, as we launch our business into MDU's and we can get
contracts with a bulk billing and exclusivity to the property we are just
hitting nothing but home runs on the business field of success.
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 .
DATASOURCE: Corridor Communications Corporation
CONTACT: Scott Mac Caughern of Corridor Communications Corp.,
+1-650-961-5707, or
Web site: http://www.corridorcommunications.com/