LAS VEGAS, April 18 /PRNewswire-FirstCall/ -- Mobile Assets Corp. (Pink Sheets: MBAP) announced today the establishment of Mobi Axxess Inc., a subsidiary of Mobile Assets Corp. focusing on tri-play wireless network technology turn-key solutions for governments and businesses.
Mobile Assets Chairman Andy Ruppanner, who will lead the new function as President, explained the reasons for the establishment of Mobi Axxess Inc., "Mobile Assets is in the business of creating scalable and global mobile technologies and applications through aggregation and development. Over the past year we have expended considerable time and effort developing our Mobi Axxess wireless product and we are now so confident in this solution that we felt that it was time to establish a separate organization to bring it to market. Our technology solution is provided by a European based partner and it is installed and working in several global locations. Mobi Axxess will introduce its powerful, cost effective solution to the Americas."
Ruppanner continued; "Mobi Axxess delivers next generation two-way broadband WIMAX services to government, education and business markets on large-scale meshes. Mobi Axxess Wireless can be rapidly deployed and has the capability of simultaneously delivering ultra-high speed Internet, government services, high definition television and VOIP telephony at extremely competitive pricing. Our reliable wireless network solution has upload and download speeds faster than others in the market; which is why we call it 'Fiber in the Air(TM)'. We have launched our initial website at www.mobiaxxess.com and will soon be adding additional information to recruit re-sellers as well as our future tradeshow schedule. This is an exciting moment for the company and for our future clients."
Peter Zmudzki, President and CEO Mobile Assets, added "Mobile Assets will continue to focus on the identification of new opportunities in the wireless market as well as the development, acquisition and partnering activities necessary to bring new solutions to market. Mobi Axxess wireless is an exciting wireless solution for everyone, but especially for the underserved metropolitan areas that can implement a world class communications infrastructure at a competitive cost. This is a major opportunity for the company and it has now reached a point where it requires the focus of a dedicated organization. We expect rapid sales and revenue growth, beginning in the second quarter of this year."
Mobile Assets Corporation
Mobile Assets (Pink Sheets: MBAP) is an emerging growth wireless company, creating scalable and global mobile technologies and applications through aggregation and development. The company has expertise in mobile content marketing and distribution and leverages that expertise into delivering strategically valuable mobile applications, content. For more information about Mobile Assets, visit its website www.mobileassetscorp.com.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned to not place undue reliance on these forward-looking statements, which are only predictions and only speak as of the date hereof. Forward-looking statements usually contain the words "estimate", "anticipate", "believe", "plan", "expect", or similar expressions and are subject to numerous known and unknown risks and uncertainties. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
Source: Mobile Assets Corp.
CONTACT: Hugh Rooney, VP Communications of Mobile Assets Corp.,
+1-702-974-1308, hugh.rooney@mobileassetscorp.com
Web site: http://www.mobiaxxess.com/
Web site: http://www.mobileassetscorp.com/
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