Pink Sheets Penny Stock News
Jul 29, 2008 6:45:00 AM
LAS VEGAS, NV -- (MARKET WIRE) -- 07/29/08 -- Road Wings, Inc. (PINKSHEETS: RDWG) announced today that funding partner OneFi Technology, Inc. has been approved and has currently acquired a full Telco operating license for the Island Nation of Jamaica. OneFi Technology network's broadband signal will allow the citizens of Jamaica to access the internet at speeds up to 104 mbps. Additionally, the network will allow for VoIP, IPTV and first run movie downloads. The network design allows for ready expansion, and Dr. Al Omran, the CTO of OneFi Technology, states, "Today's networks must allow for constant upgrades and the OneFi WiMax/WiFi network gives us an opportunity to capitalize on easy upgrades at a minimum of expense."
The standard network allows for 802.11-b-g, but the OneFi Technology network design incorporates WiMax 801.16e signal which will go as far as twenty miles. Also, OneFi Technology uses 802.11b-g and n to allow last mile user access.
Mr. Vinnie Pierson, the Vice-President of South American and Caribbean development for OneFi Technology, negotiated the license agreement to bring the OneFi Technology to Jamaica. Mr. Evan White, the OneFi network development director, stated, "Jamaica will be developed by OneFi and bring a new set of broadband options with the arrival of OneFi's technology. We will offer our VoIP and Internet package at extremely affordable prices so that the community has genuine options."
OneFi will also be installing its IPTV in beta format in Jamaica with users on a new technical platform. Many residences in Jamaica only have had access to traditional landline access because of pricing or lack of accessibility in the Island Nation. Additional specific terms and revenue projections will be forthcoming in a followup announcement in view of all the response by the WiMax expansion information so far.