Axesstel Receives Fixed Wireless Terminal Supply Order From BellSouth.Business Editors/High-Tech Writers
SAN DIEGO--(BUSINESS WIRE)--April 12, 2004
BellSouth Carriers in Ten Latin American Nations to
Purchase Axesstel Fixed Wireless Devices for Resale to End-Users
Axesstel, Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :AXES), a leader in developing, manufacturing and marketing high-quality, CDMA-based fixed wireless local loop (WLL See wireless local loop and PHS-WLL. ), hybrid terminals and engineering services to operators worldwide, today announced an agreement with BellSouth to supply ten of its carriers 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. with custom-configured models of Axesstel's 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. 2000 1x advanced fixed wireless desktop phone terminals. Specific financial terms were not disclosed.
The telephones specified in the supply agreement, which are customized to cost-effectively provide basic wireless telephone access and text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length. capabilities, will be marketed by ten Latin American BellSouth affiliates to their residential and business customers. The companies participating in the agreement are:
Argentina -- Compania de Radiocomunicaciones Moviles S.A., which operates under the commercial name Movicom BellSouth Chile -- BellSouth Chile, S.A. Colombia -- BellSouth Colombia, S.A. Ecuador -- Otecel, S.A., which operates as BellSouth Guatemala -- BellSouth Guatemala y Cia, S.C.A. Nicaragua -- Telefonia Celular de Nicaragua S.A., which operates as BellSouth Panama -- BSC de Panama S.A., which operates as BellSouth Peru -- BellSouth Peru, S.A. Uruguay -- Abiatar, S.A., which operates as Movicom BellSouth Venezuela -- Telcel, C.A.
The nations served by the participating BellSouth companies have an aggregate population of approximately 184 million residents, only about 13.1% of who are estimated to have access to conventional telephone service. Approximately 5.2% are cellular phone subscribers. (Figures cited date from 1997-2000 and are drawn from the CIA CIA: see Central Intelligence Agency.
(1) (Confidentiality Integrity Authentication) The three important concerns with regards to information security. Encryption is used to provide confidentiality (privacy, secrecy). World Fact Book).
The expense and logistical difficulties inherent in extending a conventional copper-wire "land-line" telecommunications grid throughout Latin America can cause delays of many months for qualified customers to gain access to a conventional phone system. Axesstel is pioneering fixed wireless technology as a cost-effective alternative to the prohibitively expensive build-out of the regional wire telecommunications network A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. that would be required to provide developing nations with a connectivity infrastructure on par with highly developed nations in North America, Europe and industrialized in·dus·tri·al·ize
v. in·dus·tri·al·ized, in·dus·tri·al·iz·ing, in·dus·tri·al·iz·es
1. To develop industry in (a country or society, for example).
2. parts of Asia such as Japan.
"It is gratifying grat·i·fy
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.
2. to see this validation of our basic growth strategy," said Mike Kwon, Chairman of Axesstel. "We have believed for a long time that the best, fastest and most cost-effective way to provide high-quality telephony to 'unwired' markets worldwide is to engineer reliable, high-quality wireless local loop terminals, and to market them by working with market leaders such as BellSouth. We are pleased with our sales wins so far this year, and continue to build a robust sales pipeline."
About Axesstel, Inc.
Axesstel, Inc., a Nevada Corporation, (OTCBB:AXES) is powering the next generation of wireless, fixed and hybrid mobile devices based on CDMA, CDMA2000, 802.11, and emerging 3G and 4G broadband IP technologies. The Company is pursuing technology and applications that will enable the development and delivery of carrier-class subscriber-based solutions, including fixed terminals, handsets and wireless payphones. To date, Axesstel's Qualcomm-licensed products can be found in more than 15 countries worldwide. The company 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. with a research and development center in Seoul, Korea. For more information, visit the company's Web site at www.axesstel.com.
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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 that involve risk and uncertainties. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include but are not limited to the risk factors noted in the Company's filings with the Securities & Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Axesstel's products; Axesstel's ability to gain market acceptance for its products; the Company's ability to attract and retain skilled personnel; and the Company's reliance on third-party suppliers.