CorEnergy Infrastructure (PK) (USOTC:CORR)
Historical Stock Chart
From Jul 2019 to Jul 2024
Corridor Communications Corporation Purchases 100% of Quik
Internet of the Valley Inc., an ISP Serving Salem and Albany, Oregon
Corridor Adds Over 1200 Subscribers to its Customer Base and Expands its
Product Offerings to Include Dial-Up Options and DSL Through Qwest
MOUNTAIN VIEW, Calif., July 12 /PRNewswire-FirstCall/ -- Corridor
Communications Corporation (OTC:CORR) (BULLETIN BOARD: CORR) has completed its
acquisition of Quik Internet of the Valley Inc. Quik Internet is an
established Oregon ISP serving cities located on the I-5 corridor from Albany
to Newberg. Quik Internet provides web site hosting, dial up Internet access,
DSL and email. With this acquisition, Corridor is now positioned to provide a
full offering of Internet services to every potential customer in the Central
Willamette Valley. Quik Internet's subscribers will be able to continue with
their wired connection but now have wireless roaming capabilities within
Corridor's existing and future HOTZone's. At the same time our existing
wireless customers will now have a dial-up option when traveling outside the
area.
Corridor now has a seasoned marketing group that comes as part of Quik's
infrastructure as well as a customer service department and billing system.
Chris Lindgren of Quik Internet said, "We are extremely pleased with becoming
part of Corridor Communications. Now with our Wireless option, we will give
the entire customer base roaming capabilities, this creates a product that is
exclusive to Corridor in our market area. Our WI-FI model and services
certainly enhances our ability to compete with Cable Modem and DSL."
"One of our goals is to have a products that fits the needs and pocket books of
everyone. This acquisition gives Corridor all of that, plus we pick up the
best marketing team of Internet service in the area. We are looking to gain
significant market growth and having a home grown group with a winning track
record is very important," said J. Michael Heil Chief Executive Officer of the
Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated,
"Having multiple service options available is important to subscriber growth.
This deal with Quik allows us to offer service to 100% of the area and makes
our marketing efforts much more effective. There will not be any customer
requesting service that will go un-served. This makes us unique and continues
to improve our position in the market."
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/