Corridor Communications Corporation Purchases 100% of Quik Internet of the Valley Inc., an ISP Serving Salem and Albany, Oregon
July 12 2004 - 6:30AM
PR Newswire (US)
Corridor Communications Corporation Purchases 100% of Quik Internet
of the Valley Inc., an ISP Serving Salem and Albany, Oregon
Corridor Adds Over 1200 Subscribers to its Customer Base and
Expands its Product Offerings to Include Dial-Up Options and DSL
Through Qwest MOUNTAIN VIEW, Calif., July 12 /PRNewswire-FirstCall/
-- Corridor Communications Corporation (OTC:CORR) (BULLETIN BOARD:
CORR) has completed its acquisition of Quik Internet of the Valley
Inc. Quik Internet is an established Oregon ISP serving cities
located on the I-5 corridor from Albany to Newberg. Quik Internet
provides web site hosting, dial up Internet access, DSL and email.
With this acquisition, Corridor is now positioned to provide a full
offering of Internet services to every potential customer in the
Central Willamette Valley. Quik Internet's subscribers will be able
to continue with their wired connection but now have wireless
roaming capabilities within Corridor's existing and future
HOTZone's. At the same time our existing wireless customers will
now have a dial-up option when traveling outside the area. Corridor
now has a seasoned marketing group that comes as part of Quik's
infrastructure as well as a customer service department and billing
system. Chris Lindgren of Quik Internet said, "We are extremely
pleased with becoming part of Corridor Communications. Now with our
Wireless option, we will give the entire customer base roaming
capabilities, this creates a product that is exclusive to Corridor
in our market area. Our WI-FI model and services certainly enhances
our ability to compete with Cable Modem and DSL." "One of our goals
is to have a products that fits the needs and pocket books of
everyone. This acquisition gives Corridor all of that, plus we pick
up the best marketing team of Internet service in the area. We are
looking to gain significant market growth and having a home grown
group with a winning track record is very important," said J.
Michael Heil Chief Executive Officer of the Company. Scott Mac
Caughern, Chairman of Corridor Communications Corporation stated,
"Having multiple service options available is important to
subscriber growth. This deal with Quik allows us to offer service
to 100% of the area and makes our marketing efforts much more
effective. There will not be any customer requesting service that
will go un-served. This makes us unique and continues to improve
our position in the market." 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 . DATASOURCE: Corridor
Communications Corporation CONTACT: Scott Mac Caughern of Corridor
Communications Corp., +1-650-961-5707, or Web site:
http://www.corridorcommunications.com/
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