CoConnect, Inc. Announces Official Deployment of the Largest Metro Mesh Wireless Network22 March 2005
CoConnect, Inc. (OTC: CNTI), a marketer of ultra high-speed wireless Internet access, VOIP and IPTV/VoD products, is pleased to announce today that it has officially started the deployment of its Metropolitan Wireless Mesh network in the St. George, Utah, market.
The deployment of 200 Wireless Communication Nodes and the build-out of a Carrier Class Backbone Network will allow CNTI the ability to acquire up to 50,000 new customers in the St. George area. The Metro Mesh Network will be a free service with access at 56K and will include service plans ranging from $14.95 for 256K, $24.95 for 512K, $34.95 for 1.5Mbps and $39.95 for up to 45Mbps. Allowances for commercial accounts will be adjusted. CNTI estimates that year-end 2005 subscriptions could reach 12,500 subscribers and should exceed total subscriptions of 30,000 by year-end 2006. These projections should provide CNTI with an average of $350,000 in monthly revenue by year-end 2005 and an estimated $840,000 monthly by year-end 2006.
Tim Thayne, CEO of CoConnect, stated, "We are very excited to see this day finally come to fruition. We have been preparing for this deployment for over two years. When completed, within the next 30-60 days our network will be the largest Wireless Metro Mesh network of its kind. Residents of the St. George community will for the first time have access to services such ultra high-speed Internet, VoIP, IPTV and Video On Demand, surf the Internet, watch TV and movies, or talk on the phone, all while sitting at the park, or a son's baseball game."
About CoConnect: CoConnect has developed and is deploying a 45Mbps broadband wireless Internet delivery system to deliver Ultra High-Speed Wireless Internet, Voice Over Internet Protocol (VOIP), and IPTV/VoD products and services. CoConnect's bandwidth is up to 30 times faster than today's current T-1 standards of 1.5Mbps.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
For more information, contact:
At the Company:
Tim Thayne
801-266-9393
tim@coconnect.com
www.coconnect.com
At OTC Financial Network:
Geoffrey Eiten
Investor Relations
781-444-6100 ext. 613
geiten2000@yahoo.com
www.otcfn.com/cnti
Source: Market Wire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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