SALT LAKE CITY, Oct. 6 /PRNewswire-FirstCall/ -- Advanced Wireless Systems, Inc. (OTC: AWSS) announces today the signing of a definitive license agreement with HERITAGE COMMUNICATIONS, INC. As part of the agreement, AWSS acquired the exclusive marketing rights for the ultra high-speed wireless data transfer technology and voice over internet protocol from HERITAGE COMMUNICATIONS, INC. The license is for a term of 5 years and is renewable for ten successive terms of one year each. The license is exclusive for the continental United States (excluding the State of Idaho). As part of the transaction AWSS will receive all gross revenue from sales and marketing and retain all ownership of the customers it acquires. AWSS will pay Heritage a royalty of 60% of the adjusted gross income. In the agreement, the adjusted gross income is defined as gross income less cost of sales, telecommunication expenses, bandwidth fees, VOIP purchase and termination costs. Heritage Communications is a WIFI company offering ultra high-speed wireless Internet access and Voice Over Internet Protocol, (VOIP) and Video-on-Demand service at Internet speeds of 45 Megabytes per second (upload and download) for approximately $40.00 per month. Heritage has tested and proven intellectual property, proprietary equipment, software, and systems. Heritage President and CEO David Thayne stated: "We are very pleased with the signing of this definitive agreement with AWSS. We have a great deal of confidence in the management of AWSS and their ability to become a real competitor in both the Internet and VOIP industry. With Wireless Internet connection speeds of 45 Megabytes per second AWSS and Heritage will enjoy a very competitive advantage in these respective industries." AWSS President Dean Becker stated: "We are very excited about the opportunity to market a high-speed wireless Internet service with speeds of 45 Megabytes per second as well as getting actively involved in the VOIP industry. We are pleased to have attracted a company with the technology that Heritage has." Additional developments in AWSS include: AWSS has moved its domicile to Nevada and is currently attempting to bring all SEC filings current.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
SOURCE Advanced Wireless Systems, Inc. -0- 10/06/2004 /CONTACT: Dean Becker of Advanced Wireless Systems, Inc., +1-801-438-1010/ (AWSS)
CO: Advanced Wireless Systems, Inc.; Heritage Communications, Inc. ST: Utah IN: CPR TLS ITE MLM STW OTC SU: LIC
I went in here for 15,000 @ 0.15
------------------ Whoever is first in the field and awaits the coming of the enemy, will be fresh for the fight; whoever is second in the field and has to hasten to battle will arrive exhausted. - Sun Tzu
Dog
Posted by EinnocE on :
What do you think Dog? Does she have any bite left in her?