Corridor Communications Corp. Receives 10-Year Cable TV Franchise Agreement to Be the Exclusive Service Provider to Over 2300 Ho
October 21 2004 - 11:31AM
PR Newswire (US)
Corridor Communications Corp. Receives 10-Year Cable TV Franchise
Agreement to Be the Exclusive Service Provider to Over 2300 Homes
in Tonopah and Beatty Nevada 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. CONTACT: Investor
Relations at Corridor Communications Corp., 480-380-5855, or .
DATASOURCE: Corridor Communications Corporation CONTACT: Investor
Relations at Corridor Communications Corp., +1-480-380-5855, or Web
site: http://www.corridorcommunications.com/
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