MESA, Ariz., Oct. 20 /PRNewswire-FirstCall/ -- Corridor Communications Corp. (OTC: CORR) begins to offer Wireless Broadband service within and beyond its franchise territory in Mesa, Arizona. The area covers all of the 15000 homes in the franchise plus another 75000 homes once fully deployed. Corridor through Eagle West has entered a strategic marketing and deployment arrangement with Alpha Communications of Arizona. Alpha will immediately begin to jointly market the service to all the customers belonging to Eagle West. Corridor now can provide broadband service via cable and wireless dual technology in the Mesa expanded market. WI-FI and high-speed Internet services are being deployed to all the Eagle West franchises and the company expects to have several additional markets operational in the next 30 days. J. Michael Heil Chief Executive Officer of the Company stated, "Both companies have dedicated their efforts to this project and Alpha has been locating and erecting tower locations in order to provide service not only to the Eagle West customers but to those who have limited service options in nearby areas. Now that the infrastructure for Mesa is in place we will be aggressively marketing to our current customer base. Our strategy when we acquired Eagle West was to overlay wireless broadband, and Mesa being one of our most significant franchises is now up and running. We will continue to enhance our services in Mesa and at the same time we have already begun the engineering required to roll out wireless in additional markets with Eagle West."
About Corridor Communications Headquartered in Mesa, Arizona with operations in Oregon, Nevada and Arizona, Corridor Communications, Inc. is an integrated wireless Internet service provider (WISP) and Cable television provider offering high-speed Internet, free and pay television, and data services to residents and businesses. The Company plans to implement a growth-through- acquisition strategy by targeting small to mid size Cable providers and Dial Up Internet Service Providers (ISP) in areas underserved by current broadband multi system operators. 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.
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Thank you Will looking at CORR now it seems like the high of the day is .0037 so far.
quote:Originally posted by will: It probably isn't done yet. You might have sold too soon, but I waited too long to buy. I had no play, you did a lot better, good job.
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CORR NEWS OUT 2004-10-21 11:31 ET - News Release
MESA, Ariz., Oct. 21 /PRNewswire-FirstCall/ -- Corridor Communications Corp. (CORR.OB) announced today that they have been awarded by Nye County Nevada, a ten year extension to be the exclusive Cable TV provider to over 2300 households in the cities of Tonopah and Beatty. In the recent Corridor acquisition of Eagle West Communications Inc., Tonopah and Beatty where part of the 27 Cable TV franchises purchased. During transfer of the rights negotiations with Nye County, Corridor was successful in achieving the 10-year extension.
As part of the companies overall strategy of adding a broadband wireless overlay to its rural cable operations, extending these franchise rights was the first step for the overall deployment of broadband services. Additionally, Corridor Communications has negotiated access rights on Brock Mountain for the strategic location of its wireless broadband access points. Wireless broadband equipment has been ordered and Corridor expects broadband services for this market to begin in mid November after extensive testing.
Paul LaBarre, president of Eagle West Communications stated; "We have worked hard on the takeover of the Eagle West assets which included Tonopah, and I am pleased that we will now be offering this community both an improved Cable TV system and broadband services. The goal at Corridor is to have all the Eagle West Cable Services offering high-speed broadband before the end of summer in 2005. I have a great team within Eagle West and with the support from Corridor we will have an additional 3 cities operational with broadband services before the end of November."
About Corridor Communications
Headquartered in Mesa, Arizona with operations in Oregon, Nevada and Arizona, Corridor Communications, Inc. is an integrated wireless Internet service provider (WISP) and Cable television provider offering high-speed Internet, free and pay television, and data services to residents and businesses. The Company plans to implement a growth-through- acquisition strategy by targeting small to mid size Cable providers and Dial Up Internet Service Providers (ISP) in areas underserved by current broadband multi system operators. 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.