Corridor Communications Completes Acquisition of Broadband Wireless Assets Company will expand broadband wireless data services to homes and businesses MOUNTAIN VIEW, Calif., May 14 /PRNewswire-FirstCall/ -- Corridor Communications Corporation. (BULLETIN BOARD: CORR) . The Company has completed its acquisition of the assets of Corridor Communication Corporation an Oregon corporation. ("Corridor-Oregon") This acquisition, along with the appointment of J. Michael Heil as the Company's new Chief Executive Officer and as a member of the board of directors has launched the Company into the broadband wireless Internet business. With the purchase of Corridor-Oregon's assets the Company is strategically positioned in Salem Oregon and the surrounding communities in which it now owns established hot zones at carefully planned tower locations from which most of the areas 70,000 homes can receive service. The Company's new business model allows subscribers to sign up and roam in an un-tethered environment connecting at WI-FI Hotspot locations throughout the city with industry standard 2.4 GHz 802.11 wireless cards or adapter as well as being connected at their home or office with the Company's installed customer premise equipment. The Company is currently completing due diligence in order to finalize the acquisition of Ashcreek Wireless and Quik Internet of the Valley Inc. which are two local providers of internet service that management believes will enhance the Company's new business plan. "I am very pleased to have been able to complete this first step in the development of our new WI-FI business plan with the acquisition of Corridor- Oregon's assets," said Scott Mac Caughern, Chairman of Corridor Communications. "We believe this acquisition has put our Company in a unique position with its 5.7 GHz backbone and 2.4GHz access points. Our goal is to provide ubiquitous connectivity throughout the wireless service area and limit the amount of Company installed customer premise equipment while growing the subscriber base. To facilitate that model we have began to focus our access point/Hot zone deployment to the nearly 18,000 residents that live in apartment complexes and other Multiple Dwelling Units (MDU's) in the City of Salem," said J. Michael Heil, Chief Executive Officer of the Company. 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@speedpalcom. DATASOURCE: Corridor Communications CONTACT: Scott Mac Caughern of Corridor Communications Corp., +1-650-961-5707, or smac@speedpalcom Web site: http://www.corridorcommunications.com/

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