Edison Renewables Changes Its Name to NextPhase Wireless26 January 2005
Edison Renewables, Inc. (OTCBB:ERNW) has changed its name to NextPhase Wireless, Inc. The company acquired NextPhase Technologies in August 2004 as its first step to move into the wireless industry. The company will now trade under OTCBB:NXPW.
NextPhase Wireless is an emerging national service provider of wireless broadband connectivity and turnkey wireless solutions. The company designs, deploys and operates its own wireless networks and also provides wireless technology solutions for businesses and municipalities. Industry experts predict broadband wireless access to grow from $450M in 2004 to $2.3B in 2009.
In the last several months, the company has been active in building out its infrastructure and acquiring new customers. It expanded its Wireless Network Operations Center (WNOC) in Anaheim with the acquisition of equipment, servers and a state-of-the-art hosting facility previously operated by Buchanan LLC. It also entered into an agreement with Pan Pacific Retail Properties, Inc. (NYSE:PNP) for evaluatory implementation of its wireless network technologies at select Pan Pacific Shopping Centers. Upon successful completion, NextPhase and Pan Pacific intend to enter into a working relationship to complete the install on additional properties.
Certain information contained in this press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. We caution readers that certain important factors may affect our actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this press release or which are otherwise made by or on behalf of us. For this purpose, any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may", "will", "expect", "believe", "explore", "consider", "anticipate", "intend", "could", "estimate", "plan", or "continue" or the negative variations of those words or comparable terminology are intended to identify forward-looking statements. Factors that may affect our results include, but are not limited to, the risks and uncertainties associated with:
-- our ability to raise capital necessary to sustain our anticipated operations and implement our proposed business plan,
-- our ability to implement our proposed business plan,
-- our ability to obtain regulatory permits and approvals to operate in the high-speed wireless network industry,
-- our ability to employ and retain qualified management and employees,
-- our dependence on the efforts and abilities of our current employees and executive officers,
-- changes in government regulations that are applicable to our anticipated business,
-- risks that the Pan Pacific evaluatory implementation may not be successful and that we may not enter into a further agreement with Pan-Pacific,
-- changes in the demand for our services,
-- the degree and nature of our competition,
-- the general volatility of the capital markets and the establishment of a market for our shares,
-- our ability to generate sufficient cash to pay our creditors, and
We are also subject to other risks detailed from time to time in other Securities and Exchange Commission filings. Any one or more of these uncertainties, risks and other influences could materially affect our results of operations and whether forward-looking statements made by us ultimately prove to be accurate. Our actual results, performance and achievements could differ materially from those expressed or implied in these forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether from new information, future events or otherwise.
Contacts
NextPhase Wireless, Inc.
Stephen Young, 800-748-5548
syoung@nptinc.net
Source: Business Wire
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