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CORRECTING and REPLACING Wireless Frontier Internet Announces the Acquisition of OPI Wireless for $1.3 Million.



Business Editors/High-Tech Writers

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 (Open Prepress Interface) An extension to PostScript that provides color separations. It was developed by Aldus Corporation, which was later acquired by Adobe.  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 An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation.  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 The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor.

1.
 throughout the country," stated Alex Gonzalez Alex González may refer to:
  • Alex González (musician) (born 1969), the American-born drummer for the Mexican band Maná
  • Alex S. Gonzalez (born 1973), a former Major League Baseball player
, 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 Internet service provider (ISP)

Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password.
 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 professionalism

the upholding by individuals of the principles, laws, ethics and conventions of their profession.
 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 See wireless broadband.  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 jknabb@wirelessfrontier.net or call 432-336-0336, ext. 134

Founded in 1998, Wireless Frontier Internet is a leader in wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1  deployment. The Company currently services over 50 cities in Texas List of cities in Texas, arranged in alphabetical order.

: Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A
  • Abbott
  • Abercrombie
  • Abernathy
  • Abilene
  • Ace
  • Ackerly
  • Addison
  • Adkins
  • Adrian
  • Afton
 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 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.
 

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" 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. 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.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 11, 2004
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