Blue Wireless & Data Announces Letter of Intent to Acquire Light Speed Wireless.DALLAS -- Blue Wireless & Data, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BWDI) today announced today that it has signed a letter of intent to acquire Light Speed Wireless (Daly Technologies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ), a wireless Internet company that provides broadband Internet See broadband. service to several suburban and rural areas near the Dallas/Fort Worth Metroplex The Dallas–Fort Worth–Arlington metropolitan area, a title designated by the U.S. Census as of 2003, encompasses 12 counties within the U.S. state of Texas. The metropolitan area is further divided into two metropolitan divisions: Dallas–Plano–Irving . The coverage areas include the towns of Murphy and Wylie, Texas Wylie is a city in Texas. As of the 2000 census, the city population was 15,132, but recent rapid growth has 2004 estimates suggesting the population is already 25,850. Once solely located in Collin County, Wylie has extended into neighboring Dallas and Rockwall counties. . Blue Wireless & Data Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , John Mills, stated, "The acquisition of Light Speed Wireless will increase our base of business and residential customers. It allows us to directly link and extend southward from our previous acquisition of Gerdes Web Services," he added. (See Jan. 27, 2005 press release) Blue Wireless & Data is aggressively pursuing similar acquisitions to complement its current wireless broadband Internet network system and increase its customer base. Blue Wireless & Data is a broadband service provider An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. delivering high-speed wireless Internet access to residential customers and small to medium-sized businesses, as well as high-speed land based bandwidth from T1s to DS3s for enterprise-level solutions. For further information, visit www.bluewirelessdata.com. This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. |
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