Thursday June 17, 6:30 am ET 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 Bulletin Board: CORR - News) 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 .
[This message has been edited by donb (edited June 17, 2004).]
posted
In @ .0067! Sorry guys I would of posted sooner but I was chasing! GLTA
Posts: 206 | From: silver spring, MD, USA | Registered: Feb 2004
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Monday June 14, 6:30 am ET Company Moves Forward to Provide Wireless Broadband Service in High-Density MDU Markets in Texas Through Its Newest Cable Acquisition Target
MOUNTAIN VIEW, Calif., June 14 /PRNewswire-FirstCall/ -- Corridor Communications Corporation (OTC Bulletin Board: CORR - News) has entered into a LOI to acquire CableVision Inc. Cable TV assets in a deal for cash and stock. CableVision owns cable television systems serving multiple apartment communities in Texas and Michigan, with over 7,000 homes passed. The systems have an annual recurring revenue stream of over $1.1 Million from its current subscriber base. The company plans to provide both a wired and wireless option in the apartment complexes that will blanket not only the current service area but will have an additional service area of a 15 mile radius at each of the locations. To enhance its offerings to users, Corridor Communications will immediately deploy Wireless HotZone service in these under-served cable markets.
Corridor plans to market its high-speed wireless Internet services in high density first tier markets by building networks of hotspots to provide ubiquitous service in an un-tethered environment.
"This opportunity is strategic for us, we see ourselves being a major competitor in areas where we can find a lot of savvy users in high-end, high-density communities as well as the 2nd and 3rd tier communities. We have already implemented this type of service in our Salem Market by installing hybrid wireless systems in apartment complexes where no other Broadband options are available. We know that by adding High-Speed Wireless Broadband Services we create solid revenue and happier customers," said J. Michael Heil, Chief Executive Officer of the Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated, "The Cable Vision asset acquisition along with last weeks announcement to acquire 7,000 subscribers from Coast Communications confirms our business strategy; as we now have back to back Cable TV deals that will bring to us over 10,000 paying subscribers and over 50,000 homes passed in a nearly no competition environment. Having a legacy asset with a solid recurring revenue foundation will certainly help us continue to execute our growth plan."
I can't believe nobody caught this before.
[This message has been edited by donb (edited June 17, 2004).]
quote:Originally posted by filemon: Nice gain, good long term investment
Thanks! Definetly agree. With a long term commitment one could see a decent looking portfolio (for once!). Im gonna wait through lunch to see if it has support. If it does, I might jump in around .0082 and hold long. GLTA!!
Posts: 206 | From: silver spring, MD, USA | Registered: Feb 2004
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For the technical analyst, I suggest looking at a hourly chart with the 200ma applied. It seems to have caught itself here (.0072). If, through lunch, we consolidate around .0072-.0075, with high volume, it could easily climb to a close at resistance (.01). No guarantee's, but the MM's seem to be playing this one pretty straight. JMHO! Good Luck...
Posts: 206 | From: silver spring, MD, USA | Registered: Feb 2004
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I'm in at .0083. Looking to hold long. Wireless internet is starting to become big. Seeing more and more commercials about it.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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doesn't look like much of a run is happening. Just hope it hangs in there around .009
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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CORR EOD above 50daymoving average. IT is very BULLISH CHART. Take a look at OBV. It shoot up huge. I would say this will continue to rally tomorrow. I am holding tight tomorrow. This can go to .02 near term. GOOD LUCK
Posts: 155 | From: canada | Registered: Jan 2004
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I'm Holding for now. Looks like a good base building up here at 115 to 120
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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nice run we got today.. this stock is gonna sky rocket. right thru our roofs. keep an eye out for this baby it's like the soviet sputnik..upp upp and away..
Posts: 88 | From: utica, ny ,usa | Registered: Jun 2004
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Once again, for the technical enthusiast, this thing is reading well. Nice double bottom pattern forming on the 5 min. chart. Strong base forming in the .0105-.012 range. Hopefully, we'll consolidate through lunch, hang around .012, then make our 1 o'clock run. If all goes well look for this thing to close around next resistance (.014). Looking good IMO!GLTA
Posts: 206 | From: silver spring, MD, USA | Registered: Feb 2004
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100% increase since thursday/17 we're seeing a company in the making nice run we got going. .016 ...what a nice way to open off the week.
Posts: 88 | From: utica, ny ,usa | Registered: Jun 2004
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