Concierge Technologies to Deploy Wireless Networks Under Planet Halo Brand.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Concierge Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNCG CNCG Comisión Nacional para el Cambio Global CNCG Concentrated Non-Condensable Gas ) today announced the decision to enter into the broadband wireless See wireless broadband. business through the efforts of their wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Planet Halo. With a new infusion of working capital, Concierge intends, through Planet Halo, to commence commercial operations by development of 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 networks, implementation of local area web portals, and to offer wireless Internet access to targeted markets. Planet Halo has selected MESH networking technology and has been appointed by Tropos as an authorized dealer of their proprietary technology and equipment. Planet Halo will initially construct two networks in Southern California and estimates that commercial operations may begin within the next 45 days. Planet Halo has selected Wireless Village as a technology partner assisting in network design with backend processes, network monitoring and tier 1 support. During November 2006, Concierge entered into a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with Ohio-based Wireless Village and the two parties will continue to expand their relationship as Planet Halo deploys its wireless strategy. Chairman Allen E. Kahn said that, "I am delighted to report that Concierge is once again able to begin operations as a revenue producing entity. We remain convinced that the communications sector is an area that will continue to grow and provide opportunity for development stage enterprise. I have faith in our business plan and the ability of Planet Halo president, Marc Angell, to execute that plan." The statements contained in this press release that are not historical facts are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of our future performance, acquisitions or dispositions of interests, debt obligations, additional financing requirements, the effect of economic conditions generally and in the communications and information technology markets specifically, and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. These and other factors may cause actual results to differ materially from those projected. |
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