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Corridor Communications Corporation Signs Agreement to Deploy
Wireless Broadband Service (WIFI) to Alpha Broadcasting Communications Customer
Base and Surrounding Area
Company Will Expand Broadband Wireless Data Services to Homes and Businesses in
Pinal and Maricopa Counties in Arizona
MOUNTAIN VIEW, Calif., June 17 /PRNewswire-FirstCall/ -- Corridor
Communication Corporation (OTC:CORR) (BULLETIN BOARD: CORR) has entered into
an agreement to Deploy Wireless High-Speed Internet service to the Cable TV
subscribers of Alpha Broadcasting Communications for a July 2004 deployment.
Alpha Communications provides cable TV to private homes and residents in Apache
Junction and Pinal County Arizona. The companies have agreed to launch
Corridors Wireless HotZone system to complement the service from Alpha's Main
tower locations where Corridor will be able to reach thousands of homes and
businesses in East Mesa and Apache Junction. Most of the potential subscribers
are in areas of Pinal and Maricopa County Arizona and fall outside of Alpha's
cable service area.
Corridor plans to market its high-speed Internet data services to Alpha's
existing customer base and the surrounding community. Corridor will also aid in
the expansion of Alpha's cable subscriber base by adding broadband cable modem
services utilizing Alpha's existing cable delivery infrastructure.
"This agreement springboards Corridors Wireless service into the community that
is adjacent to our Future Coast Cable asset acquisition target. Alpha has
strategic Tower locations that are very important and give us the opportunity
to launch today in the Arizona Market. Alpha's subscriber base is anxious for
broadband services. We know that by adding High-Speed Broadband Services we
can significantly enhance the subscriber revenue and numbers. The wireless
launch by Corridor into this new market will provide service where, in most
cases, high-speed broadband service is not yet available to the consumer. Given
this fact we feel that both the existing subscriber base and future subscribers
will embrace the combined services offered by the company," said J. Michael
Heil, Chief Executive Officer of the Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated,
"The Alpha Tower locations will allow us to provide WIFI service to customers
in a high density area that is part of our immediate expansion plans. By
launching today Corridors Wireless Broadband Internet service in Mesa and
Apache Junction Arizona will allow us to be already present as a local
Broadband Internet Service Provider when we close our Cable acquisition deal
with Coast Communications."
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 smac@speedpalcom.
DATASOURCE: Corridor Communication Corporation
CONTACT: Scott Mac Caughern of Corridor Communications Corp.,
+1-650-961-5707, or smac@speedpalcom
Web site: http://www.corridorcommunications.com/