China Wi-Max Communications, Inc. Projects Recurring Revenue Growth
DENVER and BEIJING, Feb. 9 /PRNewswire-FirstCall/ -- China Wi-Max Communications, Inc. ("China Wi-Max" or "the Company) (OTC Bulletin Board: CHWM) today announced that the Company projects recurring revenue growth based on its fiber ring ownership and development, combined with the use of its government licensed and protected wireless spectrums.
BROADBAND INTERNET ACCESS GROWTH
"There are many very large commercial buildings within reach of our 47-mile fiber ring around Beijing's Fourth Ring Road," noted Iain Stewart, Chief Technical Officer of China Wi-Max Communications, Inc. "We are currently engaged in strategic negotiations with multi-tenant building owners and managers to provide broadband Internet access to those buildings and their tenants."
"Our 47-mile fiber ring, when combined with our licensed broadband wireless access, is especially valuable because further fiber development in the center of Beijing -- inside our fiber ring -- is currently discouraged. China Wi-Max will use its government-licensed and protected wireless band at 5.8 GHz to extend broadband access eventually to most of Beijing."
SHANGHAI and HANGZHOU
China Wi-Max is also licensed by the government to use its wireless 5.8 GHz spectrum in Shanghai and Hangzhou. (See: "CHWM Moves Forward in Shanghai With Agreement to Purchase 90 Miles of Fiber Network" at http://gaskinsco.com/chwm-1-14-10.htm).
"In addition, the Company currently owns 17 miles of fiber in Hangzhou, where it intends to develop and grow a significant, recurring revenue stream based on the success of the model being established in Beijing," continued Mr. Stewart.
Shanghai is the largest city in China and one of the largest metropolitan areas in the world, with over 20 million people, while Hangzhou has a population approaching 7 million people. Agreements are in place to acquire fiber and broadband wireless licenses in 7 additional Chinese cities in the near future, thereby addressing a population approaching 100 million.
Separately, IPOdesktop's CHWM analyst report is updated at
http://www.gaskinsco.com/linkto-chwm.shtml
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.
CONTACT |
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Phil Allen, IR Relations of China Wi-Max Communications, Inc., 303-875-1044 |
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SOURCE China Wi-Max Communications, Inc.
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