Corridor Communications Corporation Completes Its New Wireless Link to Stayton, Oregon and Begins to Build a New Tower Site in Falls City, Oregon Monday June 21, 6:30 am ET Company Continues Expanding Its Coverage Adding an Additional 15-Mile Range to the West and Has a New 100-Foot Tower 2nd Location 15 Miles East Furthering Its Reach to the Un-Served Rural Markets
MOUNTAIN VIEW, Calif., June 21 /PRNewswire-FirstCall/ -- Corridor Communications Corporation (OTC Bulletin Board: CORR - News) has just completed steps in expanding its wireless Broadband Service both east to the Cascades and west to the Pacific Coast. Each of the new areas will be served from the main Salem, Oregon Tower at Prospect Hill with 5.7 GHz / 54mbs backhauls connected to tier one fiber backbone. The expansion will help the company fulfill it mission of providing service at competitive price points in areas where no other broadband service is available. The additional coverage area comes with no increase in bandwidth cost or overhead and the company will be offering T-1 service burstable to 8mbs. The additional access points will increase the company's ability to serve many hundreds of additional homes and businesses. Paralleling this deployment Corridor began its first apartment complex (MDU) installation. Corridor is the exclusive high-speed broadband provider deploying 100% hookup on a bulk billing bases to the property owner. ADVERTISEMENT
Corridor provides high-speed wireless Internet services in a contiguous and ubiquitous service area known as a HotZone serving homes, business and roaming users. Corridor will continue engage in contractual negotiations to provide broadband service to the nearly 200 apartment complexes in Salem, Oregon.
"Blazing trails and establishing Corridors HotZone wireless Broadband service to new areas is of top priority in the early stages of our business plan. Our favorite profile of a new area is one that broadband is not available and dial-up options are long distance. That makes Corridor the only option and when we give our new subscribers wireless connectivity outside their hometown we are winning a lot of loyalty and new customer referrals," said J. Michael Heil, Chief Executive Officer of the Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated, "The future value of this company will come through the deployment of our wireless broadband service in dozens of cities and towns and by providing solid and desirable connectivity at the right price. Whenever we can expand our service area and customer base without adding cost we know we are making good business decisions. Also, as we launch our business into MDU's and we can get contracts with a bulk billing and exclusivity to the property we are just hitting nothing but home runs on the business field of success.
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@speedpal.com.
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CORR going to run similar to ONEV imho huge run ahead yet don't sell for pennies guys
Posts: 131 | From: brillion, wisconsin, USA | Registered: Apr 2004
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Here you go. Here is a link to the filing. As of May 10th they had a little over 378 Million Outstanding Shares. http://www.otcbb.com/profiles/CORR.htmPosts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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Thanks Lear. Sounds good. I think a good entry point here would be .01 anything below that would be a bonus.
Posts: 415 | From: Toronto, Ontario, Canada | Registered: Aug 2003
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.01 is coming up soon. Great time to get in! Don't think it will go past that, alot of resistance there.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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I like CORR chart now after pull back today. It should bouncing tomorrow. AWESOME CHART. I expect .02 soon.
Posts: 155 | From: canada | Registered: Jan 2004
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Not much moving going on today with this one. Not much moving going on period across alot of the stocks. Everyone must be on vacation.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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Next week will be fun for us. I expect CORR to exploded next week. Good luck. Glad i added some more on Friday.
Posts: 155 | From: canada | Registered: Jan 2004
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quote:Originally posted by Captain_Nemo: CORR will exploding this week. Second run comming this week!
what make u thinks so... anything special.??i do strongly believe in this stock and will stay in. and hope for a big explosion i wanna see green all week, and the next, and the one after, ect... This company i beleive has strong potential. i will hit big. ROAD RUNNER HERE WE COME>>>BEEP!!! BEEEP!!!
Posts: 88 | From: utica, ny ,usa | Registered: Jun 2004
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quote:Originally posted by Daddy's Last Penny: what make u thinks so... anything special.??i do strongly believe in this stock and will stay in. and hope for a big explosion i wanna see green all week, and the next, and the one after, ect... This company i beleive has strong potential. i will hit big. ROAD RUNNER HERE WE COME>>>BEEP!!! BEEEP!!!
I dont have insider informations but I have a strong feeling second run comes tomorrow. This second run will pass first run marks. This stock looks exactly like MOBL,TFCT,ONEV....etc..run. We will see tommorrow. I am pretty sure this will be HUGE last penny for you daddy. ROCK!ROCK CORR TOMORROW!
quote:Originally posted by Captain_Nemo: I dont have insider informations but I have a strong feeling second run comes tomorrow. This second run will pass first run marks. This stock looks exactly like MOBL,TFCT,ONEV....etc..run. We will see tommorrow. I am pretty sure this will be HUGE last penny for you daddy. ROCK!ROCK CORR TOMORROW!
It will go up. It has to. The current price is to low for this company. Any tidbit of p/r will send it up quick IMHO.
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Tomorrow will be interesting day for CORR! I believe it's time for it to rebound tomorrow. This second run could reach .02! Good luck
Posts: 155 | From: canada | Registered: Jan 2004
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Keep in mind the 52 week low was made on 6/16, at .0045. I don't know if it will revisit that, but it had to retrace, and hopefully it will come back as strong or stronger ???
quote:Originally posted by Leardron: Down! Down! Down!
What is up with this???
Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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quote:Originally posted by Captain_Nemo: Tomorrow will be interesting day for CORR! I believe it's time for it to rebound tomorrow. This second run could reach .02! Good luck
Okay, what are you going to say tomorrow? JK. Had to pick. I have been waiting for this to pick back up for 4 days now and it keeps going red.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
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FOR SURE CORR will be actively moving up tomorrow. MM shows sign of late reversal before closing bell today. I expect MM gap this in premarket tomorrow here.GOOD LUCK GUYS
Posts: 155 | From: canada | Registered: Jan 2004
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we need a strong positive PR to move out into green. other wise were just gonna keep sitting on this one
Posts: 88 | From: utica, ny ,usa | Registered: Jun 2004
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