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Tuesday May 23, 10:00 am Eastern Time
Company Press Release
SOURCE: InfoAmerica, Inc.
InfoAmerica Set to Begin Construction of Fibre Optic Network in Baja California, June 15
2000-Mile Network Will Serve More Than 3 Million
LOS ANGELES, May 23 /PRNewswire/ -- InfoAmerica, Inc. (OTC Bulletin Board: IFOA - news) will begin final design and construction June 15 of one of Latin America's largest broadband fibre optic networks, comprising more than 2000 miles of broadband cable, in the northwest Mexican cities of Tijuana and Mexicali, Baja California. The two cities are among the fastest growing areas in North America, with combined populations of more than three million.
Under an agreement to acquire Cable California SA de CV., InfoAmerica has a 30-year advanced telecommunications broadband concession from the Mexican government. The merger is subject to the approval of the government's office of the Secretary of Communications and Transportation.
Cable California is a venture between Dick Clark International Cable Ventures, Ltd., and Grupo Bustamante SA de VC. IFOA and Dick Clark International Cable Ventures, Ltd., are both controlled by television producer Dick Clark and cable television entrepreneur Dick Lubic.
``Dick Clark and I are pleased to get underway with this exciting project,'' said Lubic. ``We believe this venture will allow a rapid expansion of fibre optical networks throughout Mexico and provide broadband telecommunications of voice and video to businesses and residents of the country. The Mexican market represents a tremendous opportunity and, along with a burgeoning Latino population in Southern California, we anticipate strong growth.''
In addition to Mexico, IFOA is currently designing a fibre optic infrastructure upgrade and construction of its wholly owned cable system in Kern County, CA., which will place its fibre in front of more than 12,000 homes.
SOURCE: InfoAmerica, Inc.
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