DENVER and BEIJING, Jan. 14 /PRNewswire-FirstCall/ -- China Wi-Max Communications, Inc. ("China Wi-Max" or "the Company) (OTC Bulletin Board: CHWM) announced that it has entered into an agreement, through its wholly-owned foreign entity subsidiary, Yuan Shan Shi Dai Technology Development Company ("Shi Dai"), to purchase 150 Kilometers (90 miles) of fiber throughout Shanghai on very favorable terms. Shanghai is one of the world’s largest cities, 18.1 million people.
China Wi-Max intends to light its four Core fiber ring within the first quarter 2010. Initially, the network will be built as a redundant Ethernet Backbone. In the future with no changes to the fiber, WDM (Wave Division Multiplexing) and DWDM (Dense WDM) can push this to much higher limits.
This bandwidth can easily service well over 1000 of Shanghai's most desirable buildings. As in preceding China Wi-Max markets, the core network is dramatically extended over a Licensed 5.8GHZ wireless network. The ability to expand coverage using point-to-point links over fixed wireless broadband to further enhance customer penetration at remarkably low cost, presents significant additional potential.
Once consummated, this purchase will allow China Wi-Max to expand its valuable core asset base of fiber optic cable networks and wireless licenses throughout the major metropolitan areas in China. This agreement represents a significant step in fulfilling the Company's business plan objectives. It will significantly enhance the Company's ability to provide telecommunication services in Shanghai, which will be the site of World Expo later this year.
"China Wi-Max is pleased to be in a position to continue to build upon its strategic and core assets – allowing us to provide basic and value-added telecommunication services to a broader base of customers," stated Steven Berman, President and CEO of China Wi-Max Communications, Inc.
Chairman Allan Rabinoff added, "This agreement allows us to continue to build upon and realize our business plan. Shanghai represents the largest and most difficult of all Chinese cities regarding the purchase of fiber. We are pleased to report our arrangement to purchase this important and valuable fiber network."
Separately, IPOdesktop releases a China Wi-Max analyst report that includes an interview with founder Phillip Allen.
IPOdesktop Analyst Report that includes the audio interview
Phillip Allen Audio Interview
About China Wi-Max Communications, Inc.
China Wi-Max Communications, Inc. (CHWM), a world-class telecommunications and IP transport company, was formed to take advantage of the rapidly expanding wireless and landline communications needs in China. The goal of China Wi-Max Communications is to become the premier provider of broadband technology and allied services in the Chinese market. Building on world-class technical experience and proven management skills, China Wi-Max Communications is approaching its market with the tools that experience suggests are necessary to achieve success. The Company is headquartered in Denver, Colorado and its common stock is listed on the OTC Bulletin Board under the symbol "CHWM". For additional information, please visit the Company's website at www.chinawi-max.com.
'Safe Harbor Statement'
This press release contains forward-looking statements that involve risks and uncertainties. The statements of this Summary Overview are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.
For More Information Please Visit the Company's Website at www.chinawi-max.com.
SOURCE China Wi-Max Communications, Inc.