Here is the press release dated yesterday. I don't think that the
investor world has seen and "absorbed" it yet ...
======================================================
LAS VEGAS, Feb. 3 /PRNewswire/ - Chadmoore Wireless Group, Inc. ("Chadmoore"), a leading provider of Specialized Mobile Radio (SMR) telecommunications services, announced today an agreement with GeoTrans Wireless, Inc. ("GeoTrans"), a turnkey provider of wireless engineering and construction services and wholly owned subsidiary of Tetra Tech, Inc. Under this agreement, GeoTrans will assist Chadmoore with network engineering and wireless
design to fully commercialize its TeamLink(SM) Service for small and medium-sized businesses in up to 145 of its existing 168 markets, covering a population in excess of 50 million.
Chadmoore continues to rapidly deploy SMR networks throughout the U.S., utilizing Motorola SmartNet technology and infrastructure.
Robert Moore, president and chief executive officer, stated, "We are extremely excited about our progress in the marketplace. We are beginning to establish a strong competitive presence throughout the U.S. Our agreement with GeoTrans will enable Chadmoore to continue to meet its aggressive commercial growth schedule."
According to Jan Zwaik, chief operating officer, "The partnership of Chadmoore and GeoTrans has achieved dramatic results thus far. Preliminary construction and service activation was completed in 168 cities within four months. To the best of my knowledge, this pace has never been achieved before. In this next phase, we will provide full-scale, high quality operations, deploying what we believe to be the best combination of technology and low
cost service available today."
Mr. Zwaik also stated, "It is clear that there are a significant number of corporate customers across the United States that are looking for simple, fixed rate, cost-effective two-way voice communications." Zwaik points out, "Chadmoore is the only such national provider in the marketplace today furnishing small to mid-sized fleet owners with its unparalleled TeamLink -- Connecting Your Business(SM) service, in which customers pay only to talk,
not to listen, thus providing significant cost savings versus high-cost digital service."
In addition, Chadmoore has announced the relocation of its corporate headquarters to accommodate the rapid expansion the company has experienced over the last six months. Chadmoore Wireless Group, Inc. is now located at 2875 East Patrick Lane, Suite G, Las Vegas, NV 89120, (702) 740-5633.
Visit Chadmoore"s web site at chadmoore.com. Chadmoore Wireless Group, Inc. is a leading national provider of wireless telecommunications utilizing 800 MHz SMR analog frequencies for group-call service in local markets throughout the United States.
Statements contained in this press release that are not historical facts are forward-thinking statements as that term is defined by the Private Securities Litigation Reform Act of 1995. Although Chadmoore Wireless Group, Inc. believes that the expectations reflected in such forward-thinking statements are reasonable, the forward looking statements are subject to risks and uncertainties that could cause actual results to differ from those
projected.
Such risks and uncertainties include, without limitation, fluctuations in demand, loss of subscribers, the quality and price of similar or comparable wireless communications services, regulatory delays or denials, ability to complete intended construction, termination of proposed transactions, access to sources of capital and general economics.
SOURCE Chadmoore Wireless Group, Inc.
-0- 02/03/98 /CONTACT: Mira Matic of Southard Communications, 212-777-2220 ext. 17, for Chadmoore Wireless Group/
/Web site: chadmoore.com
CO: Chadmoore Wireless Group, Inc.; GeoTrans Wireless, Inc. ST: Nevada IN: TLS SU:
======================================================
Looks like activity beginning !!! I'm holding LONG as it takes.
Regards,
Dan |
