MCIK: Joe, anyone, any opinions on this one?
Symbol: MCIK
Float= 6,716,000
52wk= .81
Currently at .06
it's been starting to creep up the last few days.
One of only two U.S. semiconductor distributors.
micronicsinternational.com
Last news release:
(PR NEWSWIRE) Wireless Local Loop, China and Micronics Forging Alliance fo
Wireless Local Loop, China and Micronics Forging Alliance for the Future
VENTURA, Calif., Nov. 2 /PRNewswire/ -- Micronics International, Inc.(OTC Bulletin Board: MCIK), one of only two U.S. semiconductor distributors with permanent offices in China, is pleased to announce that it has entered negotiations to form a strategic alliance with the largest Wireless Local Loop (WLL) service provider in mainland China. Micronics would provide proprietary U.S. telecommunications semiconductor components needed to develop personal telephone systems in the major urban, suburban and prosperous rural areas of
the country. WLL technology employs a central receiver tied to a personal home transceiver by radio wave that eliminates all interconnective copper wiring and wire installation that traditionally is required when "wiring" a community for phone service.
"WLL provides all the services for less than half the installation and
operating cost," according to Bob Rafferty, the CEO of Micronics.
The emerging middle class of China is the prime market for WLL products
and services, and they have the income to support WLL service. This is
especially true in areas where cellular or traditional copper wire services prove too expensive.
In the world today, three of the five billion people who can afford to
pay for a phone call have never made one! The biggest problem facing the dissemination of phone technology has been the cost of "wiring a nation," estimated to be $1,500 per copper wire connection and $500 for a full cellular network. Recent studies of the wireless market by ITC and The Strategis Group show that a Wireless Local Loop can be installed in a community for under $250 per site (two phone lines and an Internet connection, handset separate), thanks to recent improvements in WLL technology. The area identified in the
research as the prime site for this application is the Asia-Pacific region. Projections show that this region will represent 40% of all the WLL sites by the year 2005. This translates to over 47 million subscribers in under seven (7) years.
Micronics is riding this telecommunications wave by developing close local relationships with the key service providers and manufacturers of Wireless Local Loop products and other telecommunications systems in China. WLL is known as the industry's Holy Grail because it is by far the most cost- effective way to bring telecommunications to unwired urban, suburban and remote rural areas in developing markets, a perfect solution for billions without phone service throughout the world because it is less expensive to install, cheaper to operate and more flexible to expand. For more information on Micronics International, Inc., please visit the
following website: micronicsinternational.com .
CONTACT: Dave King, ParkAve.net, for Micronics, 407-628-8130.
SOURCE Micronics International, Inc.
-0- 11/2/98
/Web site: micronicsinternational.com
(MCIK)
CO: Micronics International, Inc.
ST: California, China
IN: CPR
SU:
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