Central Wireless Agrees to Purchase Seven Additional Telecommunications Towers.Business Editors/High-Tech Writers SARASOTA, Fla.--(BUSINESS WIRE)--April 21, 2003 Central Wireless, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CWIR CWIR Continuous Wave Illuminator Radar ) announced today they have signed a contract to purchase seven additional telecommunications towers Telecommunications tower is the generic description of a tower built primarrly to hold telecommunications antennas. Telecommunications tower or Telecommunications Tower can also refer to:
The purchase of the 7 towers will provide additional tower inventory for Central Wireless, Inc. to facilitate construction and fulfill contracts for Alliance Tower Corp. These towers will be in addition to the seventeen towers announced by Central Wireless, Inc. on 15 April bringing the total to 24 towers. Of the 7 new towers, three of the towers will be 165 ft telecommunications towers, the other four are 320 ft guyed towers capable of handling up to 4 telecommunications towers as well as microwave devices. Net asset value of the 24 towers is approximately $625,000 according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a Company spokesman. Terms of the proposed purchase will be announced within the next two weeks. About Central Wireless, Inc. Central Wireless, Inc. is a publicly traded Utah Corporation specializing in providing site development and construction services to the wireless telecommunications industry. Central Wireless understands the needs and complexities found in today's telecommunication marketplace and we are committed to offering our customers both innovative and cost savings solutions. For more information on Central Wireless, Inc. see www.centralwirelessinc.com. "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: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are 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. that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. . Central Wireless confirms nor provides guidance with respect to the financial projections supplied by other companies. Central Wireless takes no obligation to update or correct forward-looking statements. |
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