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Central Wireless Receives Contract for Construction of Eight Telecommunications Towers.


Business Editors/High-Tech Writers

SARASOTA, Fla.--(BUSINESS WIRE)--April 7, 2003

Central Wireless, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CWIR CWIR Continuous Wave Illuminator Radar ) announced today they have received a contract to build eight telecommunication towers in southern Georgia.

Major cellular carriers have been in negotiations with Alliance Towers for the construction of eight new towers in southern and central Georgia. Verizon, Nextel, Cingular and AT&T are major companies in the area. Central Wireless and Alliance Towers concluded their agreement regarding the construction of the eight-(8) telecommunication towers that will increase capacity for the carriers. It was agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations"
stipulatory

noncontroversial, uncontroversial - not likely to arouse controversy
 in a contract signed last week that Central Wireless would provide construction services for the cellular carriers by building eight new telecommunication towers. The project may also include installation of carrier antennas and the equipment required to operate each tower once construction of the towers are complete. Currently site acquisition is on going for the new tower sites.

Central Wireless is currently negotiating a maintenance agreement with Alliance Tower Corp. for the eight 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:
  • Antel Tower
  • Telecommunication Tower of US-Forces Heidelberg
. Alliance Tower Corporation is a firm specializing in the development, management, site acquisition services and maintenance of communication tower facilities. Included will be a maintenance contract for Central Wireless Inc. that will add monthly recurring re·cur  
intr.v. re·curred, re·cur·ring, re·curs
1. To happen, come up, or show up again or repeatedly.

2. To return to one's attention or memory.

3. To return in thought or discourse.
 revenue to the company.

"As a company spokesman has said previously, we have many projects in the works for Central Wireless over the coming weeks and months. There is an extraordinary demand for the services that we provide across the entire country. We are in the position to turn a very nice profit for our Company and its shareholders during our first year of business."

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.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 7, 2003
Words:497
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