SkyLynx To Acquire Leading Communications Technology Through Acquisition of Assets of StarCom Wireless.SARASOTA, Fla. -- Meteor Burst Technology to Significantly Enhance Company's Ability to Offer Nationwide Communications Nationwide Communications Inc. was a media subsidiary of the Nationwide Insurance Company, which operated from 1946 until 1997. Based in Columbus, Ohio, Nationwide Communications owned and operated a variety of radio and television stations across the United States until it sold System SkyLynx Communications, Inc. ("SkyLynx") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SKYC), a network provider of secured mobile data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. , provided additional details today on its proposed acquisition of StarCom Wireless, Inc., and its affiliates. The Company recently entered into a non-binding letter of intent to purchase certain assets of StarCom. SkyLynx believes that the Meteor Burst technology of StarCom will give it a significant advantage in enhancing its state-of-the-art communications system In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. . The technology utilizes billions of micro-meteors, which can be as small as a grain of sand as the objects enter the earth's atmosphere “Air” redirects here. For other uses, see Air (disambiguation). Earth's atmosphere is a layer of gases surrounding the planet Earth and retained by the Earth's gravity. It contains roughly (by molar content/volume) 78% nitrogen, 20.95% oxygen, 0.93% argon, 0. . Traveling at speeds of 10 to 30 kilometers per second, they puncture the earth's atmosphere, leaving an ionized i·on·ize tr. & intr.v. i·on·ized, i·on·iz·ing, i·on·iz·es To convert or be converted totally or partially into ions. i trail behind them as they disintegrate dis·in·te·grate v. dis·in·te·grat·ed, dis·in·te·grat·ing, dis·in·te·grates v.intr. 1. To become reduced to components, fragments, or particles. 2. . These trails then reflect radio signals from one point on the earth's surface Noun 1. Earth's surface - the outermost level of the land or sea; "earthquakes originate far below the surface"; "three quarters of the Earth's surface is covered by water" surface to another. "By acquiring this technology and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. of StarCom, SkyLynx dramatically improves its ability to deliver a nationwide communications system," said Gary Brown This page is on the American footballer. For the Irish Rugby player see Gary Brown (rugby player). Gary Leroy Brown (born July 1, 1969 in Williamsport, Pennsylvania) is a former professional American football player who was selected by the Houston Oilers in the 8th round of , Gary Brown the Chief Executive Officer of SkyLynx. "This technology dramatically accelerates the Company's development, and enables us to be a major national provider of advanced Automated Vehicle Location Services See mobile positioning. several years ahead of schedule." Meteor Burst technology creates a communication system which relies on a Meteor Burst base station to transmit a coded signal, where it reflects off the trail of meteors entering the earth's atmosphere. As there are billions of these micrometeors entering the atmosphere over an extremely short period of time, nearly constant reflections occur providing for a communication path between the base station and a remote unit located at a distance of typically 200 to nearly 2000 km from the base station. The communications path exist for up to several seconds, which is enough time for the remote unit to decode (1) To convert coded data back into its original form. Contrast with encode. (2) Same as decrypt. See cryptography. (cryptography) decode - To apply decryption. the signal and communicate digital messages and data to and from the base station at modest data rates. Eventually the trail diffuses until the trail's electron density Electron density is the measure of the probability of an electron being present at a specific location. In molecules, regions of electron density are usually found around the atom, and its bonds. is insufficient to support further communication. By that time another trail presents itself for utilization. The footprint of the reflected signal is relatively small and travels across the earth's surface over time. SkyLynx expects to acquire the rights to and to deploy the technology to streamline over-the-air protocols, as well as specialized hardware designed for this unique communications media by hardware and software engineers with many years of experience designing Meteor Burst equipment, software, and systems. While Extended Line of Sight ("ELOS") base stations provide for a very high percentage of the system's geographical coverage, various applications that require full-time coverage can be provided by a combined ELOS and Meteor Burst system. In certain sensitive and geographically unreachable areas that may not allow for the commercial installation of an ELOS base station, the Meteor Burst technology provides coverage without the need of geographic proximity. In addition, the Meteor Burst sites provide "blanket" nationwide coverage for redundancy purposes. Further, SkyLynx has proposed to purchase an affiliate of StarCom's interests in Owner State Wireless, L.L.C. of Alaska. This partnership was created for the purposes of owning and developing Special Mobilized Frequencies to create a wireless telephone network in Alaska. The value of this proposed transaction is yet to be determined. The contemplated transaction between the parties includes an assumption of certain debt and the issuance of SkyLynx common stock. The transaction will require the approval the shareholders of AllCom and the board of directors of SkyLynx. Should the transaction be approved, it is anticipated the closing would take place during the first quarter 2005. About SkyLynx SkyLynx Communications, Inc. is a provider of data wireless services for vehicle tracking and data communications for mobile and static applications. Their wireless network is being deployed on a national basis and has been well received for its ability to provide broad geographic coverage cost effectively. The company's network has the ability to track vehicles and is not affected by topography, buildings, trees or other hindrances to line-of-sight tracking; it has a range many times greater than that of cellular and G-3 systems; and it costs significantly less than satellite tracking. Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by 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. In particular, the Company's statements regarding trends in the marketplace and potential future results are examples of such forward-looking statements. The forward-looking statements include risks and uncertainties, including, but not limited to, the timing of projects due to the variability in size, scope and duration of projects, estimates made by management with respect to the Company's critical accounting policies, regulatory delays, clinical study results which lead to reductions or cancellations of projects, and other factors, including general economic conditions and regulatory developments, not within the Company's control. The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by such statements. The forward-looking statements are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. |
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