CORRECTING and REPLACING Wireless Frontier Internet Announces the Acquisition of OPI Wireless for $1.3 Million.
CORRECTION...by Wireless Frontier Internet Inc.
FT. STOCKTON, Texas--(BUSINESS WIRE)--Feb. 11, 2004
In BW5655 issued Feb. 11, 2004: Second paragraph of the release dated Feb. 10, 2004, "WiFi" should be "WFRI" in the Jay Knabb quote.
The corrected release reads:
WIRELESS FRONTIER INTERNET ANNOUNCES THE ACQUISITION OF OPI WIRELESS FOR $1.3 MILLION
Wireless Frontier Internet Inc. (Pink Sheets:WFRI) ("WFRI") announced today that they have completed the acquisition of OPI Wireless, a Kansas Corporation, for a purchase price of $1.3 million. OPI Wireless is Wireless Frontier's first purchase outside of the state of Texas and demonstrates their ability to integrate and operate remote facilities outside of our region.
"Wireless Frontier Internet has coordinated all operations of OPI since January 1, 2004. With the execution of this stock purchase agreement, WFRI can now move into the final phase of the acquisition and continue a seamless integration of systems and controls to fit our existing business model," stated Jay Knabb, president of Wireless Frontier.
"We are very pleased with our growth through acquisition model, and we have started off the new year successfully by making our largest acquisition to date. We will continue to exercise our business model, and further expand our services by providing a Wireless footprint throughout the country," stated Alex Gonzalez, chief executive officer of Wireless Frontier. Mr. Gonzalez further stated, "With this acquisition, Wireless Frontier should move into a cash flow positive position by second quarter 2004. This combined with bringing all our filings current will allow us to file to move to another exchange. The OPI acquisition demonstrates that Wireless Frontier is prepared to acquire Internet Service Providers outside the state of Texas, and will also show that our integration team has the ability to integrate and operate remote facilities outside our region."
Mr. Terry Vink, president of OPI Wireless, commented, "We are very delighted to be part of the Wireless Frontier family. With over 45 years of building business relationships in rural Kansas, their advance team showed us the professionalism and integrity that is consistent with the values our customers have grown to expect from OPI. We share Wireless Frontier's vision of becoming part of a grass-roots movement to offer broadband wireless to rural America. The five cities we currently serve will allow Wireless Frontier to continue their accelerated growth with a whole new area of opportunity."
Throughout 2003, Wireless Frontier has been expanding its market by acquiring Internet Service Providers (ISPs) throughout the U.S.
"Our model of acquiring ISPs looking to expand their services with broadband wireless has turned out to be a natural fit. We seek not to come in and take the market away, but rather team up with the local provider to assist in expanding services to their customer base. It is a win-win for everyone," stated Jay Knabb.
For more information or for investor inquiries please contact Jay Knabb at firstname.lastname@example.org or call 432-336-0336, ext. 134
Founded in 1998, Wireless Frontier Internet is a leader in wireless broadband deployment. The Company currently services over 50 cities in Texas and is expanding nationally on an acquisition growth model. Wireless Frontier can be contacted at 432-336-0336 or by visiting their Web site at www.wirelessfrontier.net
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment.
We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risks and uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
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|Date:||Feb 11, 2004|
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