Air Media Now Announces Content Agreement for Rich Media Delivery in Peoples Republic of China!Business Editors/Technology Writers CELEBRATION, Fla.--(BUSINESS WIRE)--April 24, 2002 Air Media Now! will be the Provider of Rich Media and Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. to Calypso Calypso, in Greek mythology Calypso (kəlĭp`sō), nymph, daughter of Atlas, in Homer's Odyssey. She lived on the island of Ogygia and there entertained Odysseus for seven years. Wireless Telephones in China Air Media Now! (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMNW) a broadband wireless See wireless broadband. content and web services company announced today an agreement with Calypso Wireless to deliver rich media content and web services to Calypso phones scheduled for deployment in China as early as 4th Quarter 2002 and 1st Quarter 2003. Joseph Sineno Jr., President of Air Media Now! stated: "The opportunity to provide rich media content in the form of video, music and sponsored advertising to over 100 Million Chinese subscribers is an absolutely staggering financial opportunity, we are excited that our partners have allowed us to leverage an existing $500 Million contract currently in place to deliver our technology solution!" Ivan Irana, Chairman of Air Media stated: "The opportunity has been long in the planning, with Calypso ASNAP ASNAP Automatic Switching of Network Access Points (CalypsoWireless Inc.) (TM) mobile phones and access points being shipped with NowZone ready features, it was a logical next step to configure them with Air Media Now technology for the rapid, secure and synchronous delivery of rich media content and web services." Carlos Mendoza
Carlos Ramón Mendoza (born November 4, 1974 in Bolívar State, Venezuela) is a former left fielder in Major League Baseball who played for the New York Mets (1997) and Colorado Rockies (2000). , Chairman of Calypso Wireless, commented: "Having Air Media Now provide exclusive content delivery in China provides us another feature that adds to enhanced user experience." The Company believes that this opportunity in China is a watershed event because it will demonstrate that it is uniquely positioned to bridge two converging marketplaces: Cellular and Internet Infrastructure/Enterprises through its device and software solution. With a successful installation the Company will demonstrate the ability to: -- Seamlessly and physically switch subscribers between cellular and broadband internet connectivity -- Create a new distribution channel inside an emerging global purchasing power -- Exploit that channel by providing proprietary technology to optimize the user experience Air Media Now! Inc., provides a complete line of wireless devices, content and web services that use patented automatic switching technology (ASNAP(TM)) to seamlessly handoff between existing cellular networks and emerging Wireless Local Area Networks (WI-FI(TM)) around the world. Its real Time Wireless Collaborative Area Network (WCAN WCAN WWMCCS Crisis Alerting Network (US DoD) (TM)) Computing Solutions synchronize existing legacy and emerging Internet based applications to the wireless device in order to provide security, increase efficiencies, and reduce costs. As a distributor and global leader of broadband wireless web services technology, its exclusive license to resell Calypso Wireless ASNAP(TM) technology solves problems inherent to seamless hand offs between cellular and wireless networks. Its security and synchronization technology will enable users to extend their business enterprise and/or home environment to mobile devices. The Company believes that its end to end solution enables the acceleration of the deployment of high bandwidth mobile handsets, PDAs. Portable Personal Computers, notebooks and new emerging wireless form factors. Calypso Wireless, Inc. is a wireless and mobile device manufacturer with revolutionary technology that seamlessly hands off cellular to wireless local area network connections. Calypso enables mobile users to seamlessly switch between cellular and wireless IP networks via the WLAN See wireless LAN. WLAN - wireless local area network , accelerating 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 deployment. Calypso Wireless designs, build and manufactures broadband access See broadband and wireless broadband. points, air cards, mobile handsets, and network components which make best use of both existing and future mobile carrier infrastructure and spectrum. Headquartered in Miami Lakes, Florida Miami Lakes is an incorporated town and former census-designated place in Miami-Dade County, Florida, United States. The population was 22,676 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 22,688. , more information about Calypso Wireless and its products and services is available at their website at http://www.calypsowireless.com ASNAP is a trademark of Calypso Wireless Inc. All Rights Reserved. Calypso Wireless, Inc. 2002 EcoSync and Collaborative Area Networks trademarks are property of Syndeos Group. All rights reserved, Syndeos Group, 2002 This release is intended as a forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning 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. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company's expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs. |
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