Apparently "TheSubway" is now 'on the case'. IMHO, CORR certainly could have picked a better PR avenue.
TheSUBWAY.com's Pick of the Day is (OTCBB: CORR)!...Yesterday's pick traded up 10% intraday
Corridor Communications Corporation Signs Agreement to Deploy Wireless
Broadband Service (WIFI) to Alpha Broadcasting Communications Customer
Base and Surrounding Area
Shares: Attractive
Company Will Expand Broadband Wireless Data Services to Homes and Businesses in Pinal and Maricopa Counties in Arizona
MOUNTAIN VIEW, Calif., June 17 /PRNewswire-FirstCall/ -- Corridor Communication Corporation (OTCBB: CORR) has entered into an agreement to Deploy Wireless High-Speed Internet service to the Cable TV subscribers of Alpha Broadcasting Communications for a July 2004 deployment. Alpha Communications provides cable TV to private homes and residents in Apache Junction and Pinal County Arizona. The companies have agreed to launch Corridors Wireless HotZone system to complement the service from Alpha's Main tower locations where Corridor will be able to reach thousands of homes and businesses in East Mesa and Apache Junction. Most of the potential subscribers are in areas of Pinal and Maricopa County Arizona and fall outside of Alpha's cable service area.
Corridor plans to market its high-speed Internet data services to Alpha's existing customer base and the surrounding community. Corridor will also aid in the expansion of Alpha's cable subscriber base by adding broadband cable modem services utilizing Alpha's existing cable delivery infrastructure.
"This agreement springboards Corridors Wireless service into the community that is adjacent to our Future Coast Cable asset acquisition target. Alpha has strategic Tower locations that are very important and give us the opportunity to launch today in the Arizona Market. Alpha's subscriber base is anxious for broadband services. We know that by adding High-Speed Broadband Services we can significantly enhance the subscriber revenue and numbers. The wireless launch by Corridor into this new market will provide service where, in most cases, high-speed broadband service is not yet available to the consumer. Given this fact we feel that both the existing subscriber base and future subscribers will embrace the combined services offered by the company," said J. Michael Heil, Chief Executive Officer of the Company.
Scott Mac Caughern, Chairman of Corridor Communications Corporation stated, "The Alpha Tower locations will allow us to provide WIFI service to customers in a high density area that is part of our immediate expansion plans. By launching today Corridors Wireless Broadband Internet service in Mesa and Apache Junction Arizona will allow us to be already present as a local Broadband Internet Service Provider when we close our Cable acquisition deal with Coast Communications."
About Corridor Communications
Headquartered in Mountain View, California with Operations in Salem, Oregon, Corridor Communications, Inc. is an integrated wireless Internet service provider (WISP) offering high-speed Internet and data services, to residents and businesses. The Company plans to implement a growth-through-acquisition strategy by targeting small to mid size Dial Up Internet Service Providers (ISP) in areas underserved by current broadband options. 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: Scott Mac Caughern of Corridor Communications Corp., +1-650-961-5707, or smac@speedpalcom.
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