AccessTel Inc. Has Selected an Institutional Financial Funding Commitment.Business Editors/High-Tech Writers LOS ANGELES--(BUSINESS WIRE)--March 15, 2001 AccessTel Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATEL), today announced that it has signed a $10,000,000.00 financing from an Institutional Financial Group ready to fund its future expansion of Broadband Wireless See wireless broadband. Infrastructure in China. Details will be announced upon clearance of legal counsel of both companies. Testing has been successful in China and uninterrupted, with AccessTel Inc.'s and its strategic partner's customers. AccessTel China Inc.'s marketing program is underway and further buildings are anticipated to be connection in the near future. "We are extremely pleased by the offers of funding received from Major Institutional Financial Groups and have made our final selection," stated Lawrence Liang Lawrence Liang is an Indian legal researcher and lawyer of Chinese descent, based in the city of Bangalore, who is known for his legal campaigns on issues of public concern. , 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. and President of AccessTel Inc. 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion