Corridor Communications Corp. Receives 10-Year Cable TV Franchise Agreement to be the Exclusive Service Provider to Over 1300 Homes in Eagar, Arizona 10/26/2004 9:01:00 AM
MESA, Ariz., Oct 26, 2004 /PRNewswire-FirstCall via COMTEX/ -- Corridor Communications Corp. (CORR.OB) announced today that they have been awarded by the Eagar, Arizona City Council a ten year Franchise extension to be the exclusive Cable TV provider to over 1300 households. In the recent Corridor acquisition of Eagle West Communications Inc., Eagar was part of 27 Cable TV franchises purchased. During transfer of the rights negotiations with the city of Eagar, Corridor's cable TV subsidiary, Eagle West Communications was successful in achieving the 10-year extension.
As part of the company's overall strategy of adding a broadband wireless overlay to its rural cable operations, extending this franchise agreement was the first step for the overall deployment of video and broadband services. Planning has begun for the strategic location of its wireless transmitters. The company already has a tower and television broadcast equipment located on Green Peak.
John Conley, VP of Broadband Services at Corridor stated, "Eagar is another great location for us, now with the extension of the Cable Franchise agreement we have already begun the planning for our full scale broadband services. The wireless overlay we will be providing Eagar will allow the local residents and businesses broadband access anywhere in town. The larger opportunity will come from the rural market as our wireless footprint will cover a much larger area than just the City. We recently added Voice Over Internet (VOIP) to the services and when our broadband installations are complete all of Eagar will have a competitive telephony alternative."
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 corridorcommunications.com
CONTACT: Investor Relations at Corridor Communications Corp., 480-380-5855, or info@corridorcommunications.com.
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