MediaG3, Inc. Announces Progress Report on Its WIMAX Roll-Out Strategy
05 Noviembre 2009 - 9:00AM
Marketwired
MediaG3, Inc. (PINKSHEETS: MDGC), is pleased to report the progress
on the Company's developing WIMAX service roll-out strategy in the
United States.
MediaG3 announces that the Company's expansion plan is advancing
according to expectation. Recently, the Company announced a
successful service launch in Keizer and Salem, Oregon, and
following the initial successful launch in Boise, Idaho.
The addressable market, demographics, and Company estimated
revenue metrics for broadband internet services include the
following:
Keizer and Salem, Oregon:
1) Estimated market for Keizer and Salem indicate a total addressable
subscriber base of approx. 190,000.
2) Percentage of households using broadband and wireless services at 74%.
3) Available broadband and wireless subscriber base is 140,600 households.
4) Estimated market share to be captured by MediaG3 should be 5%.
5) Estimating initial subscriber "sign-up" revenues of over $350,000/year.
Boise, Idaho:
1) Estimated market for Boise, Idaho indicate a total addressable
subscriber base of approx. 198,000.
2) Percentage of households using broadband and wireless services at 74%.
3) Available broadband and wireless subscriber base is 146,520 households.
4) Estimated market share to be captured by MediaG3 should be 5%.
5) Estimating initial subscriber "sign-up" revenues of over $366,000/year.
Joseph L. Anzalone, MediaG3 President & COO, had this to
add: "These metrics show that MediaG3 is poised for strong and
sustained revenue and margin growth in hundreds of markets like
these. We feel our projections are conservative, and are basing
performance on a 5% penetration rate in our WIMAX service
expansion. We anticipate that we will have impressive numbers to
report on the further development of our roll-out plan over the
coming weeks and months."
The Company also reports the following update to its China Pilot
Project:
1) Continued progress in the final stage to the China Pilot Project in
Yunnan Province with equipment delivery expected during Q1 2010.
2) The Company's LMDS equipment will be a featured showcase of "last mile
connectivity" for digital television over cable.
3) The project's sponsor is China's Academy of Broadcasting Science and the
United States Trade & Development Agency. The 'USTDA' is providing
partial funding by a US government grant.
About MediaG3, Inc.
MediaG3, Inc. develops, markets, and delivers broadband wireless
technology products and services for today's fixed and mobile
customers. Under the brand of Imperial Wireless, MediaG3 offers
Internet access and Internet telephone via fixed and WiMax mobile
wireless in 19 states and over 500 cities with expansion plans into
all 50 states in the US by 2010. MediaG3 is based in Santa Clara,
California; Boise, Idaho and Shenzhen, China. For more information
on the company, please visit www.mediag3.com and
www.imperialwimax.com.
Safe Harbor Act: This release may contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E the Securities Exchange Act of
1934, as amended and such forward-looking statements are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. "Forward-looking statements"
describe future expectations, plans, results, or strategies and are
generally preceded by words such as "may," "future," "plan" or
"planned," "will" or "should," "expected," "anticipates," "draft,"
"eventually" or "projected." You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors, and other risks identified in a company's annual report on
Form 6-K or 20F and other filings made by such company with the
SEC.
Investor Relations Gibraltan Financial Daniel Baldridge
President phone: 407.830.9777
MediaG3 (CE) (USOTC:MDGC)
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