AccessTel Inc. Deploys Phase I of Broadband Wireless Internet Access in COAHEJING High Tech Park in Shanghai, China.Business Editors/High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--March 2, 2001 AccessTel Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATEL), today announced that it has successfully deployed its Phase I Broadband Wireless See wireless broadband. Infrastructure in the COAHEJING High Tech Park in Shanghai, China. Testing is currently underway between AccessTel China Inc.'s Base Station located in the COAHEJING Tower in Shanghai, China, and three buildings providing Broadband Wireless Internet connection. Total coverage of the Park over the next 18 months is expected to provide connection to over 50 buildings in the Park. AccessTel, Inc.'s Joint Venture with the COAHEJING High Tech Park in Shanghai, China, is to establish a wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 network system to provide Broadband Wireless Internet Access See how to access the Internet. for the High Tech Park. The High Tech Park covers an area of over 6 sq. km., with approximately 1,000 operating companies of which 260 are foreign-owned with a contracted investment of US$1.5 billion. "We are extremely pleased by the cooperation AccessTel Inc. has achieved from our China Joint Venture Partners," stated Lawrence Liang, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AccessTel Inc. "Our deployment team has effectively installed our Phase I Broadband Access on a very timely fashion. We expect to begin generating revenue in the park beginning in near future." Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission. |
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