Corridor Communications Corp. Receives 10-Year Cable TV Franchise Agreement to Be the
Exclusive Service Provider to Over 2300 Homes in Tonopah and Beatty Nevada 10/21/2004 11:31:00 AM
MESA, Ariz., Oct 21, 2004 /PRNewswire-FirstCall via COMTEX/ -- Corridor Communications Corp. (CORR.OB) announced today that they have been awarded by Nye County Nevada, a ten year extension to be the exclusive Cable TV provider to over 2300 households in the cities of Tonopah and Beatty. In the recent Corridor acquisition of Eagle West Communications Inc., Tonopah and Beatty where part of the 27 Cable TV franchises purchased. During transfer of the rights negotiations with Nye County, Corridor was successful in achieving the 10-year extension.
As part of the companies overall strategy of adding a broadband wireless overlay to its rural cable operations, extending these franchise rights was the first step for the overall deployment of broadband services. Additionally, Corridor Communications has negotiated access rights on Brock Mountain for the strategic location of its wireless broadband access points. Wireless broadband equipment has been ordered and Corridor expects broadband services for this market to begin in mid November after extensive testing.
Paul LaBarre, president of Eagle West Communications stated; "We have worked hard on the takeover of the Eagle West assets which included Tonopah, and I am pleased that we will now be offering this community both an improved Cable TV system and broadband services. The goal at Corridor is to have all the Eagle West Cable Services offering high-speed broadband before the end of summer in 2005. I have a great team within Eagle West and with the support from Corridor we will have an additional 3 cities operational with broadband services before the end of November."
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.
SOURCE Corridor Communications Corporation
Investor Relations at Corridor Communications Corp.,
+1-480-380-5855, or info@corridorcommunications.com
corridorcommunications.com
. |
