Axesstel Receives Significant Purchase Orders from One of the World's Leading Wireless Service Providers.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 designer, manufacturer and marketer of high-quality, CDMA-based fixed wireless voice and data products for the worldwide telecommunications market, announced today that it has received significant purchase orders from a leading provider of communication services. The telecommunications company See telecom company. has requested that Axesstel supply the company's Venezuelan affiliate 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 fixed wireless desktop phone terminals. Axesstel began shipping products to the affiliate in the third quarter of 2004. The customized telephones on order are designed to provide cost-efficient voice and messaging data capabilities to customers. The telephones will be marketed by the affiliate to residential and business customers and will be co-branded by Axesstel and the affiliate. This major US telecommunications company continues to evaluate the use of Axesstel's fixed wireless phones with a view to supplying other international affiliates in the Caribbean Islands. "The high expense and logistical difficulties involved when operators attempt to extend their conventional copper-wire, land-line networks throughout developing countries can cause tremendous delays for consumers in gaining the basic telephone access that is taken for granted Adj. 1. taken for granted - evident without proof or argument; "an axiomatic truth"; "we hold these truths to be self-evident" axiomatic, self-evident obvious - easily perceived by the senses or grasped by the mind; "obvious errors" in the U.S.," said Mike Kwon, Chairman and Chief Executive Officer of Axesstel. "In supporting operators such as our new customer, Axesstel continues to pioneer fixed wireless voice and data technologies as a cost-effective alternative to a prohibitively expensive build-out of regional wire telecommunications networks. Axesstel's innovative voice and data solutions are designed to allow operators to deploy an infrastructure on a par with networks deployed in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe." "We are extremely pleased to add such a prominent company to our growing list of new customers," continued Mr. Kwon. "We believe that this win further validates our business model and demonstrates that fixed wireless solutions are the highest quality, fastest, and most cost-effective way to provide high-quality telephony to 'unwired' markets worldwide. We are excited with our wins thus far as we continue to grow and diversify our customer base." About Axesstel, Inc. Axesstel, Inc. (AMEX:AFT) produces fixed wireless devices based on CDMA, CDMA2000, and emerging 3G broadband IP technologies. Axesstel is pursuing technology and applications that are designed to enable the development and delivery of carrier-class subscriber-based solutions, including fixed wireless desktop phone terminals, payphone payphone Noun a coin-operated telephone payphone pay n → Münztelefon nt; (card phone) → Kartentelefon nt terminals, data terminals and broadband modems. To date, Axesstel's Qualcomm-licensed products can be found in more than 23 countries worldwide. Axesstel is headquartered in San Diego with a research and development center in Seoul, Korea. "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: The statements set forth above include forward-looking statements 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. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc growth of customer base, expected fulfillment of purchase orders, product performance, technology and product development which may affect future results and the future viability of the Company. The Company 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 factors. Those factors include, but are not limited to, the possibility of unforeseen manufacturing difficulties, failure of end users to accept the Company's products and technologies, the possibility of customers canceling purchase orders and other risk factors and information contained in the Company's filings with the Securities and Exchange Commission, such as 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. involving our fixed wireless business, 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 the Company's products; the Company's ability to protect its intellectual property rights; the compatibility of the Company's products with the technologies in place or being developed in our target markets; the Company's reliance on a limited number of customers; the Company's need to gain market acceptance for its products; the Company's need to attract and retain skilled personnel; and the Company's reliance on third-party suppliers. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion