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CORR CorEnergy Infrastructure Trust Inc NEW (PK)

0.0198
0.00 (0.00%)
22 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CorEnergy Infrastructure Trust Inc NEW (PK) USOTC:CORR OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0198 0.0165 0.03 0.00 01:00:00

Corridor Communications Corporation Reports Expansion of Ash Creek Wireless Serving Salem, Dallas, Monmouth and Independence, Or

07/10/2004 2:01pm

PR Newswire (US)


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Corridor Communications Corporation Reports Expansion of Ash Creek Wireless Serving Salem, Dallas, Monmouth and Independence, Oregon Corridor's Ash Creek Plans Reported in July, 2004 Are Underway Following the Expansion and Deployment of 2.4Ghz & 5.7Ghz Gear to the 195,000 Household Coverage Area Acquired With Ash Creek Wireless MESA, Ariz., Oct. 7 /PRNewswire-FirstCall/ -- Corridor Communications Corporation (OTC:CORR) (BULLETIN BOARD: CORR) - Ash Creek Wireless (ACW) serves its current customer base with two primary tower locations and five Hybrid sites. With the recent addition of Access Points directed toward the Salem area, ACW now has sites serving a geographic area with a population of more than 195,000. These sites are all connected to a level one provider, which is currently providing 4Mbps of bandwidth to support the existing customer base. The Motorola Canopy 5.7Ghz technology acquired from Ash Creek will enhance the method Corridor uses to deploy Hybrid sites through out the community. Corridor's lower subscriber acquisition costs and dealer incentive programs will allow a faster and more competitive deployment to subscribers in the new areas. In a rather unique business agreement, ACW is purchasing fiber-optic bandwidth from Monmouth-Independence Network (MINET) and distributing that bandwidth to customers. MINET also provides ACW with equipment space (at a minimal fee) for routers, switches, etc. at their fiber Point-of-Presence (POP). MINET also provides ACW with transport services to deliver local business customers directly to the ACW router via local fiber loop. In further developments, ACW has been accepted as a certified ISP for the new MINET broadband fiber service being installed to the entire Monmouth/Independence community. At completion, the MINET service will reach 8,000 households. "Our newest site will be located southwest of Dallas, Oregon. We are leasing tower space and will be providing our own outdoor enclosure at this site. Point-to-Multipoint equipment will be mounted at the 185' level on an existing monopole tower. This site will provide enhanced coverage in Dallas and new coverage in the Kings Valley area," reports John Conley, VP of Broadband Services for Corridor Communications. "With our MINET ISP Certification and our new Dallas site, our coverage area will have expanded tremendously. With that infrastructure in place, we will begin an aggressive marketing rollout." J. Michael Heil Chief Executive Officer of the Company said, "We have complete confidence with John, and we see the Ash Creek deployment as a model of other successes we intend to pursue. Big city technologies have come to rural America, and we plan to extend our services to many additional communities. What John has developed in the central Oregon region we see as a great fit throughout Oregon and with our Arizona and Nevada cable franchises." 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., +1-480-380-5855, or . DATASOURCE: Corridor Communications, Inc CONTACT: Investor Relations of Corridor Communications Corp., +1-480-380-5855, or Web site: http://www.corridorcommunications.com/

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