AccessTel Inc. Has Selected an Institutional Financial Funding Commitment
LOS ANGELES--(BUSINESS WIRE)--March 15, 2001--AccessTel Inc. (OTCBB:ATEL), today announced that it has signed a $10,000,000.00 financing from an Institutional Financial Group ready to fund its future expansion of Broadband Wireless Infrastructure in China. Details will be announced upon clearance of legal counsel of both companies.
Testing has been successful in China and uninterrupted, with AccessTel Inc.'s and its strategic partner's customers. AccessTel China Inc.'s marketing program is underway and further buildings are anticipated to be connection in the near future.
"We are extremely pleased by the offers of funding received from Major Institutional Financial Groups and have made our final selection," stated Lawrence Liang, CEO and President of AccessTel Inc.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
CONTACT:
AccessTel Inc.
Lawrence Liang, 408/216-4754
KEYWORD: CALIFORNIA INTERNATIONAL ASIA PACIFIC CHINA
BW0290 MAR 15,2001
11:01 PACIFIC
14:01 EASTERN |
