Axesstel Expands to GSM to Meet Demand in Emerging Markets; Axesstel's PG210 and PG220 Fixed Wireless Phones Provide Connectivity to Subscribers in Developing Regions.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. -- 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 introduced the Axesstel GSM Fixed Wireless Desktop Phone Series beginning with the PG210 (850/1900 megahertz One million cycles per second. See MHz. MegaHertz - (MHz) Millions of cycles per second. The unit of frequency used to measure the clock rate of modern digital logic, including microprocessors. (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. )) and PG220 (900/1800 MHz) Fixed Wireless Phones. This entree into the fixed wireless Global System for Mobile communications (communications) Global System for Mobile Communications - (GSM, originally "Groupe de travail Sp?ciale pour les services Mobiles") One of the major standards for digital cellular communications, in use in over 60 countries and serving over one billion subscribers. (GSM) market leverages Axesstel's broad experience in fixed wireless to address the rapidly expanding consumer market in Asia, Africa, Eastern Europe Eastern Europe The countries of eastern Europe, especially those that were allied with the USSR in the Warsaw Pact, which was established in 1955 and dissolved in 1991. , Latin America, and the Middle East. The PG210 and PG220 are anticipated to be available in the fourth quarter of 2005. "GSM accounts for 74 percent of the world's wireless market with over 800 carriers operating GSM networks in 212 countries across the globe," said Mike Kwon, chairman and 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. for Axesstel. "A GSM product line is a natural complement to our existing 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. product line and an excellent way for Axesstel to provide a greater number of operators worldwide with devices that are compatible with existing fixed wireless networks and allow them to offer subscribers quick, easy and cost effective access to communications. The GSM product line will enable Axesstel to diversify its portfolio, expand its 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, leverage our sales and marketing team, and meet the accelerating demand for fixed wireless voice service across the globe." Fixed wireless networks provide entire households with connectivity in areas where traditionally there has been little or no access to affordable communications. The calling features mirror the advanced voice features found in wired environments. The Axesstel PG210 and PG220 phones enable high-quality voice calling with enhanced calling features, including hands-free dialing, call waiting, call forwarding, 3-way calling, and caller ID. Subscribers can also use their phones to quickly send and receive text messages. Axesstel offers the most comprehensive fixed wireless product portfolio, including desktop phones, public call office phones, voice and data terminals, and broadband modems that leverage the widest range of wireless technology including GSM, CDMA2000 1X, and broadband CDMA2000 1x-EVDO. Additional features of Axesstel's PG210 and PG220 phones include: --Durable, dust-resistant design for virtually any environment --Internal lithium-ion battery is fast charging and ensures high reliability --Multi-lingual menu currently available in English, Spanish and Portuguese 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 and broadband modems for access to voice calling and high-speed data services. Axesstel delivers innovative fixed wireless solutions, based on Global System for Mobile communications (GSM) and 3G Code Division Multiple Access (CDMA) technology, 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) 2005 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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