Taki,
Here you go - QNET news:
Quest Net Corp. Announces Completion of Two New Wireless Buildings
Business Editors/High-Tech Writers
MIAMI--(BUSINESS WIRE)--Aug. 1, 2000--Quest Net Corp.,
(OTCBB:QNET) Charles Wainer, president of Quest Net Corp. announced
today the completion of two additional wireless buildings in the Miami
area.
Wainer stated that the sales department has 11 additional
contracts signed and ready for installation. After the equipment
purchases are approved by the leasing companies, the equipment is
promptly installed. Wainer commented on the necessity of additional
funding to keep up with sales and operations. "We are looking into
private funding as well as commercial loans, the return on investment
for the wireless equipment is relatively short, around 5 months and
our installation crew can equip one to two buildings per week. Each
completed building yields an average of 30 customers that can begin to
enjoy the savings (in relation to other local providers) offered by
Questel Wireless immediately."
Questel, Corp. is a wholly owned subsidiary of Quest Net Corp. and
operates under the Questel Wireless trademark. The services offered to
the tenants are: basic telephone service, also known as local dial
tone, Long Distance calling, and High Speed Internet. These services
are delivered to commercial buildings via wireless transceivers.
Based in Pembroke Park, Fla., Quest Net Corp. is a provider of
complete communication services, including Basic Telephone Service
(local dial tone), Long Distance services, Internet and Intranet
broadband networking for commercial customers. Quest Net is a regional
wireless CLEC and wireless Internet Service Provider, with wireless
connection speeds of up to 24Mb over a distance of 40 miles and 90Mb
for distances up to 15 miles. Additionally Quest Net provides local
Internet Dial-Up for 56K and ISDN modems, nation-wide roaming, web
hosting, secure servers, e-commerce solutions, and collocation.
The statements which are not historical facts contained in this
press release are forward looking statements that involve certain
risks and uncertainties including but not limited to risks associated
with the uncertainty of future financial results, development of new
products, government approval processes, the impact of competitive
products or pricing, technological changes, the effect of economic
conditions and other uncertainties detailed in the Company's filings
with the Securities and Exchange Commission.
--30--law/mi*
CONTACT: Quest Net Corp.
Charles Wainer, 954/457-0900
Fax: 954/457-0901
Email: investors@questnetcorp.com
KEYWORD: FLORIDA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
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Aug-01-2000 17:49 GMT
Symbols:
US;QNET
Source BW Business Wire |
