CorEnergy Infrastructure (PK) (USOTC:CORR)
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Name Change to Corridor Communications Corp.
Amnis Systems, Inc. Has Completed Its Name Change to Corridor Communications
Corp. (OTC Bulletin Board: CORR)
MOUNTAIN VIEW, Calif., March 31 /PRNewswire-FirstCall/ -- Amnis Systems Inc.
(BULLETIN BOARD: AMNM) (the "Company"), has completed its name change to
Corridor Communications Corp. and has been designated a new symbol for the Over
the Counter Bulletin Board. The symbol is CORR. The Company intends to
complete its pending strategic acquisition of all of the assets of Corridor
Communications ("Corridor-Oregon") a private Salem, Oregon based corporation.
Corridor-Oregon is a Wireless Internet Service Provider providing high-speed
ubiquitous connectivity to single family homes, businesses and hotspots.
Corridor-Oregon's main goal is to un-tether Internet users from their wired
connection and provide an "any where every where" 802.11 connection using both
2.4 GHz and 5.7 GHz wireless options. The terms of the acquisition will be
disclosed once a formal agreement is reached between the companies.
"We believe the WiFi business model as deployed by Corridor-Oregon is the
opportunity our company needs to build revenue and solid growth for our
shareholders. By acquiring Corridor-Oregon, we believe we will be able to
deploy our unique service to selected cities," said Scott Mac Caughern, Chairman
of the Company.
The Company has also recently entered into a letter of intent to acquire the
assets of Ashcreek Wireless, whichwill extend the areas that the Company will
be serving after it has acquired the assets of Corridor-Oregon. The terms of
the acquisition will be disclosed once a formal agreement is reached between the
companies. At this time we cannot provide any guarantee that we will be able to
complete the transaction, as the transaction is subject to due diligence and the
negotiation and finalizing of a definitive agreement.
"Corridor-Oregon has been building out the Salem area in what we call our Hot
Zones orCorridors. Today our services can be deployed to nearly 50,000 homes
and we are back filling into un-served areas daily. If the Company is able to
finalize its acquisition of Corridor-Oregon and Ashcreek, not only will the
Company be getting subscribers and revenue but also some of the best tower
locations in the community that will extend the Company's coverage area by
nearly 20,000 homes," said J. Michael Heil, President of Corridor-Oregon.
About Amnis Systems/Corridor Communications
Amnis Systems Inc., which acquired Optivision, Inc. in 2001, until it recently
ceased operations, had been engaged in the networked streaming video market. The
Company is currently attempting to finalize a definite agreement with potential
acquisition candidates or, in the alternative, locate and negotiate with
business entities for the merger of those target businesses into the Company.
The Company may seek a business opportunity with entities which have recently
commenced operations, or wish to utilize the public marketplace in order to
raise additional capital in order to expand into new products or markets, to
develop a new product or service, or for other corporate purposes. No assurances
can be given that the Company will be able to enter into a business combination,
as to the terms of a business combination, or as to the nature of the target
business.
"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 Information:
Scott Mac Caughern
Corridor Communications, Corp.
650-961-5707
DATASOURCE: Corridor Communications, Corp.
CONTACT: Scott Mac Caughern of Corridor Communications, Corp.,
+1-650-961-5707, or
Web site: http://www.amnisinc.com/