MEME - News Out!!
FOR IMMEDIATE RELEASE
MEME Connects First Wireless Internet Customer
"Surf the Net Without a Wire"
Baton Rouge, LA, February 11, 1998- Media Entertainment, Inc.
(OTC BB: MEME) announced today that it has placed its first
customer on its proprietary Wireless Internet Access System, in
Baton rouge, with approximately 30 or more customers awaiting
immediate hook-up.
The launch of MEME's proprietary Wireless Internet Access System
follows on the heels of MEME's delivery of its first Wireless
DataLink System. "This has been a breakout couple of weeks for us,
and we are now full speed ahead," said David Loflin, MEME's
President. "Our first customer is very pleased with our Wireless
Internet Access system, and we've got people calling us to get on-line
with us. Even with our limited staff, we expect to be able to hook up
about 20 customers a week, which would allow us to reach break
even during the second quarter. That's one of the great features of
our Wireless Internet Access System, it doesn't cost much to build
out and operate." Mr. Loflin also stated that MEME intends to begin
its Wireless Internet operations in other cities, as soon as capital
becomes available.
When asked for comment, Mr. Ron Matherne, MEME's first
Wireless Internet customer, said, "This (Wireless Internet Access
System) is much faster than anything I've ever used before." Mr.
Matherne also noted that he would be saving about 30% on Internet
Access using MEME's Wireless Internet Access System compared
to the cost of Internet access using the local phone company's
traditional hard-wire system.
Mr. Loflin stated further that he expected that MEME's Wireless
Internet customers and business customers in particular, would
appreciate the system's signal encryption capability, which ensures a
high degree of security of sensitive information. And Mr. Loflin
confirmed that the FCC's is considering a proposal to permit
per-minute Internet access charges by local phone companies.Even if
the charges are not permitted this time, it is almost a certainty that
they will be eventually, and MEME's Wireless Internet Service will
become that much more attractive to customers
MEME's proprietary Wireless Internet Access System operates
within a broadcast signal in the 900 or 2400 MHz band using
two-way modems outfitted with an antenna. Thus, MEME's Wireless
Internet Access System differs substantially in design from the
wireless internet access available through cellular telephones and
differs substantially from traditional telephone-line based ISPs,
because there is no reliance on hard wire to transfer data making the
local telephone company no longer necessary for Internet access. In
addition, a MEME customer will save, depending on the particular
market, between 35% and 50% for Internet access. MEME is in
need of additional capital to expand the exploitation of its proprietary
Wireless Internet Access system
In addition to MEME's attempts to exploit its proprietary Wireless
Internet Access System, MEME continues to pursue potential
customers for its proprietary Wireless DataLink System, which is
designed as a less-maintenance-intensive alternative to traditional
hard-wire data transmission systems.
MEME also owns community (low power) television channels in four
U.S. cities, including an operating channel in Baton Rouge, Louisiana.
The other stations have not yet been constructed. Without additional
capital, no construction of these other stations will occur. MEME
also owns the rights to wireless cable channels in several U.S. cities,
with MEME's Poplar Bluff, Missouri, system being ready for
operations, pending MEME's obtaining capital to launch initial
marketing efforts there. The other markets have yet to be built-out.
This press release contains certain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934,
which are intended to be covered by the safe harbors created
thereby. Investors are cautioned that all forward-looking statement
involve risks and uncertainties, including, without limitations, the
ability of MEME to accomplish its stated plan of business. Although
MEME believes that the assumptions underlying the forward-looking
statements contained herein are reasonable, any of the assumptions
could be inaccurate, and therefore, there can be no assurance that the
forward-looking statements included in this press release will prove
to be accurate. In light of the significant uncertainties inherent in the
forward-looking statements included herein, the inclusion of such
information should not be regarded as a representation by MEME or
any other person that the objectives and plans of MEME will be
achieved.
NOTE:
This was sent to all the Newswires - Reuters, Bloombergs, Dow Jones, Business Wire and others, should be showing up shortly. Demo in major city coming soon.
Richard |
