Corridor Communications Corporation Announces Additional Services for Quik Internet of the Valley Inc., an ISP Serving Salem and
October 19 2004 - 11:28AM
PR Newswire (US)
Corridor Communications Corporation Announces Additional Services
for Quik Internet of the Valley Inc., an ISP Serving Salem and
Albany, Oregon Quik is Now Marketing to its Over 1200 Subscribers,
New Wired and Wireless Broadband Services and Accelerator Dial Up
Service (to speed normal dial up 5x as fast) MESA, Ariz., Oct. 19
/PRNewswire-FirstCall/ -- Corridor Communications Corporation
(OTC:CORR) (BULLETIN BOARD: CORR) -- Quik Internet has announced
new rates for dial up customers and expanded broadband services at
new benchmark rates. Quik is an established Oregon ISP serving
cities located on the I-5 corridor from Albany to Newberg. Quik
Internet provides wired and wireless broadband, dial up Internet
access, DSL, email and web site hosting. With these combined
services Quik has a marketing advantage over other dial up only
ISP's. Quik is working to convert all dial up customers to the new
$29.99 per month DSL or wireless 802.11 plan. With the acquisition
earlier this year of Ash Creek Wireless and Quik Internet, 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 HOTZones provided by Ash Creek. At
the same time the existing wireless customers will now have a
dial-up option when traveling outside the area. Corridor is
positioning for a large scale wireless roll out that will include
purchasing additional dial up ISP's. Chris Lindgren of Quik
Internet stated, "I have always thought joining with a broadband
service provider was a good idea; the new service package we can
offer existing dial up customers is somewhat unique in this
marketplace. We are excited about becoming part of Corridor
Communications. As subscribers move from dial up to broadband, we
have a very competitive set of products that even the bigger Telcos
are not offering. We are covering all the bases; currently we
provide high speed satellite internet, we sell DSL in all Qwest
territories, we sell DSL in all Verizon territories, we offer high
speed dial up internet and we offer high speed wireless service."
"The plan we envisioned earlier this year of joining two service
providers with unique and complementary products is taking hold. We
have always known new subscriber acquisition costs are very high
with today's competitive markets and expensive advertising costs.
Instead our strategy has been to take existing subscribers via dial
up and convert the ones we would have otherwise lost, to our
broadband products. Buy joining Ash Creek and Quik we have
generated a very competitive platform. With combined infrastructure
and a hard to beat set of products, we expect to see our central
Oregon operations very profitable," said J. Michael Heil, Chief
Executive Officer of the Company. 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. CONTACT: Investor Relations at Corridor
Communications Corp., (480) 380-5855, or . DATASOURCE: Corridor
Communications Corp. CONTACT: Investor Relations at Corridor
Communications Corp., +1-480-380-5855 or Web site:
http://www.corridorcommunications.com/
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