Penny Stocks News On The Pink Sheets
Jul 25, 2008 9:45:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/25/08 -- Road Wings, Inc. (PINKSHEETS: RDWG) today announced the second acquisition of stock from OneFi Technologies, Inc. pursuant to the recently announced stock purchase agreement between the two parties. Mr. Travis Grimmett, President of Road Wings, stated, "Our Company, as the primary source of funding for OneFi, is in an enviable position. As OneFi adds revenue producing cities to its services, Road Wings increases its stock position."
OneFi and Road Wings recently announced that OneFi has been approved and is currently installing its WiMax/WiFi communications system in the city of Buena Park, CA. The OneFi Technology networks broadband signal will allow the citizens of Buena Park to access the internet at speeds up to 104 mbps. Additionally, the network will allow for VoIP, IPTV and first run movie downloads. The standard network allows for 802.11-b-g, but the OneFi Technology network design incorporates the WiMax 801.16e signal which will go as far as twenty miles and also OneFi Technology uses 802.11-b-g and n to allow last mile user access.