Central Wireless Announces Plans to Build Fourteen New Towers.Business Editors/High-Tech Writers SARASOTA, Fla.--(BUSINESS WIRE)--March 20, 2003 Central Wireless, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CWIR CWIR Continuous Wave Illuminator Radar ) announced plans to build fourteen towers in three states. The cellular towers are planned for construction in Georgia, Alabama and Mississippi. Plans and specifications for the construction of the monopole mon·o·pole n. A magnetic monopole. monopole The minimal region for which lines of force, as from an electric or magnetic field, either all enter or all leave the region. towers have been completed and construction is set to begin over the next five months, pending final arrangements for financing. The estimated gross revenue from these projects is $3,500,000. This cellular towers will be offered to major cellular carriers for leasing space. Some of the major carriers in the Sarasota area include Nextel (NasdaqNM:NXTL), Alltel (NYSE NYSE See: New York Stock Exchange :AT), AT&T (NYSE:T), Cingular plus others. The marketing of the tower space will be managed by Alliance Tower Inc. As previously announced, the Company is set to begin construction on a 195ft monopole tower in Sarasota County , Florida pending approval of plans submitted to local government agencies. 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 Communicating information, including data, text, pictures, voice and video over long distance. See communications. 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. Statements about the company's future expectations, including revenues and earnings and all other statements in this press release other than historical facts 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. " within the meaning of section 27A of the Capital Securities Act of 1933, section 21E of the Securities Exchange Act of 1934, and as the term defined in the Private 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. Reform Act of 1995. The Company's actual results could differ materially from expected results. The company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the company will appropriately inform the public. |
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