Axesstel Announces First Commercial Shipments of GSM Fixed Wireless Phones to Telefonica Moviles Guatemala; Axesstel Expands Addressable Market with Entree into GSM.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. & GUATEMALA CITY Guatemala City City (pop., 1994: city, 823,301; 1999 est.: metro area, 3,119,000), capital of Guatemala. The largest city in Central America, it lies in the central highlands at an elevation of about 4,900 ft (1,490 m). -- Axesstel, Inc. (AMEX AMEX See: American Stock Exchange :AFT), a leader in the design and development of fixed wireless voice and broadband data products, today announced it has received a purchase order from Telefonica Moviles Guatemala, the largest wireless service provider in Guatemala, for its PG210 GSM Fixed Wireless Desktop Phone. Telefonica Moviles Guatemala will offer the phones in conjunction with a nationwide expansion of its Global System for Mobile (GSM) network to make quality, affordable voice services available to consumers in urban and rural areas throughout Guatemala. Axesstel has begun first commercial shipments of the PG210 to Telefonica Moviles Guatemala and the phones are scheduled to be available in Telefonica Moviles retail stores and through its broad network of authorized resellers in Guatemala by the end of June. Telefonica Moviles Guatemala is a subsidiary of Telefonica Moviles which operates all of Group Telefonica's wireless assets. Telefonica Group has a total subscriber base of more than 180 million (over 100 million are cellular) and has network coverage in 19 countries, 13 of which are in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . Telefonica Moviles Guatemala operates under the Movistar brand name, currently has over 1.2 million subscribers and is in the process of expanding its GSM network coverage to raise service capacity nationwide in Guatemala. "Axesstel has proven to be a valuable and responsive partner. By leveraging Axesstel's wide range of CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. fixed wireless phones and EV-DO (EVolution-Data Only) A 3G high-speed digital data service provided by cellular carriers worldwide that use the CDMA technology, including Verizon and Sprint in the U.S. EV-DO works on EV-DO cellphones as well as laptops and portable devices that have EV-DO modems. broadband modems, we have been able to be much more competitive and provide a wider range of voice and data services," said Estuardo Olivares, commercial director for Telefonica Moviles Guatemala. "Now, by offering the PG210 in conjunction with our nationwide GSM network expansion, we will further diversify our service offerings, broaden the availability to affordable voice services nationwide throughout Guatemala and build on our growing fixed wireless GSM subscriber base." "We are very excited to announce our entree into the GSM market with shipments of our first GSM fixed wireless phone to Telefonica Moviles Guatemala," said Lixin Cheng, chief sales officer and president of the fixed wireless group for Axesstel. "Our GSM product line further diversifies our fixed wireless product portfolio, allows us to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. current trends in the Latin American market and enables us to expand our addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market to the world's largest wireless market with over 800 GSM carriers in 212 countries worldwide." The Axesstel PG210 is a dual band (850/1900 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. ) fixed wireless desktop phone with a durable, dust-resistant dial pad designed for virtually any environment. The PG210 enables high-quality voice calling over GSM networks with enhanced calling features, including hands-free dialing, call waiting, call forwarding call forwarding n. A telephone service that enables a customer to have an incoming call automatically rerouted to another extension. Noun 1. , 3-way calling, and caller ID. Subscribers can also use the PG210 to quickly send and receive text messages using the multi-lingual menu, currently available in English, Portuguese and Spanish. An internal lithium-ion battery is fast charging and ensures high reliability. Axesstel is currently in development of the PG220 dual-band (900/1800 MHz) GSM fixed wireless desktop phone for markets in Asia, Africa, Eastern Europe, and Middle East. The PG220 is scheduled for availability in the fourth quarter of 2006. Axesstel offers the most comprehensive fixed wireless product portfolio, including desktop phones, public call office phones, voice and data terminals, broadband modems and 3G broadband gateways in a broad variety of frequencies that leverage a wide range of wireless technology including GSM, CDMA2000 1X, and CDMA2000 1x-EVDO and WiFi. ABOUT TELEFONICA MOVILES S.A. AND TELEFONICA MOVILES GUATEMALA, S.A. Telefonica is one of the largest telecommunications companies in the world in terms of market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Its activities are centered mainly on the fixed and mobile telephony businesses with broadband as the key tool for the development of both. The company has a significant presence in 19 countries and a customer base that amounts to more than 180 million accesses around the world. Telefonica has a strong presence in Latin America, where the company focuses an important part of its growth strategy. Telefonica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4,921,130,397 ordinary shares traded on the Spanish Stock Market (Madrid, Barcelona, Bilbao and Valencia) and on those in London, Paris, Frankfurt, Tokyo, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Lima, Buenos Aires and Sao Paulo. Telefonica Moviles Guatemala is the filial filial /fil·i·al/ (fil´e-al) 1. of or pertaining to a son or daughter. 2. in genetics, of or pertaining to those generations following the initial (parental) generation. operator of Telefonica Group in the Guatemalan market. It has more than 1.2 million subscribers nationwide and unifies all its operations in Guatemala under the Movistar brand name. For more information on Telefonica Moviles Guatemala, visit http://www.telefonica.com.gt/. ABOUT AXESSTEL, INC. Axesstel (AMEX:AFT) is a leader in the design and development of fixed wireless voice and broadband data products. Axesstel's product portfolio includes fixed wireless desktop phones, public call office phones, voice/data terminals, broadband modems and 3G broadband gateways for access to voice calling and high-speed data services. The company delivers innovative fixed wireless and broadband data solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. and has a research and development center and manufacturing facilities in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com. (C) 2006 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under 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: With the exception of historical information, the statements set forth above include forward-looking statements relating to market penetration and conditions, product capabilities and the timing of new product introductions which may affect future results and the future viability of Axesstel. Axesstel wishes to caution readers that actual results could differ materially from those suggested by the forward-looking statements due to risks and uncertainties and a number of important risk factors. Those factors include but are not limited to unforeseen manufacturing difficulties, unanticipated component shortages, competitive pricing pressures and the risk factors noted in Axesstel's filings with the Securities and Exchange Commission, such as the rapidly changing nature of technology and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Axesstel's products; product and customer mix, Axesstel's need to gain market acceptance for its products; the risks of primary dependence on one large customer; potential intellectual property-related litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. ; Axesstel's need to attract and retain skilled personnel; and Axesstel's primary reliance on its sole contract manufacturer. All forward-looking statements are qualified in their entirety by this cautionary statement, and Axesstel undertakes no obligation to revise or update this press release to reflect events or circumstances occurring after this press release. |
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