Sanwire Corporation Applies for $870,000 Broadband Deployment Project Grant in Gravois, Missouri
July 29 2013 - 12:47PM
Sanwire Corporation ("Sanwire" or the "Company") (OTCQB:SNWR), a
global provider of wireless communications services and data
solutions, is pleased to announce its wholly owned subsidiary, Aero
Networks ("Aero"), has applied for a $870,000 broadband Community
Connect grant with the United States Department of Agriculture,
Rural Utilities Services (USDA-RUS) for Gravois, Missouri.
Aero's newly registered office in Missouri will be responsible
for the design, build, equipment procurement, and operation of the
new network. The contract is subject to USDA-RUS normal approval
process which may amend the scope of the project prior to award.
Aero expects to get USDA-RUS final grant approval in 4Q 2013, with
installation and deployment to commence in 1Q 2014. The project
will be structured as a public-private partnership with the goal of
building sustainable broadband services.
The project will initially encompass advanced telecommunications
and broadband services for the Lake Ozark Gravois Mills area and
nearby communities in Morgan County, Missouri. The Gravois proposed
service area includes un-served areas of Gravois and Laurie along
Lake of the Ozarks in Morgan County. The proposed service area
covers eight square miles, contains 266 households, 967 housing
units and 170 businesses based on the FCC National Broadband Map
and RUS Mapping Tool. Overall, Missouri currently ranks 37th among
the 50 states in terms of broadband accessibility. The Missouri
Broadband map shows that the Gravois proposed service area is one
of most un-served areas in Missouri.
Rick Bjorklund, President of Aero, stated, "Our mission is to
deliver the best telecommunications and broadband solutions to
rural communities across America. We are excited about enabling
un-served areas with the benefits of broadband services, and are
committed to providing the best and most economical solutions to
these challenging network deployments. We are proud to bring the
benefits of broadband and wireless communications to rural
communities, and affording its citizens quality Internet access
with a sustainable operating business model."
About United States Department of Agriculture, Rural
Utilities Services (USDA-RUS)
The USDA-RUS Community Connect program offers an exciting
opportunity for needy communities to receive broadband services,
build sustainable infrastructure, and to receive education and
training on Internet usage and applications. Most of the grant
recipient communities receive enormous benefits from the USDA-RUS
program resulting in sustainable education, healthcare, medical and
public safety advances for the community.
About Sanwire Corporation
Sanwire is a global provider of wireless communications
services, data solutions, and application software/hardware.
Sanwire's vertically integrated portfolio of solutions target a
diverse array of enterprises and multiple disciplines with one goal
in mind - deliver efficient and reliable communications. For more
information, visit www.sanwire.net. Sanwire has two wholly owned
subsidiaries in its current portfolio, iPTerra Technologies and
Aero Networks. iPTerra is a designer, developer, manufacturer and
marketer of a real-time 2-way wireless and/or wireline
communications, and mine-safety solution for the global mining and
industrial industry (www.ipterra.net). Aero Networks provides
advanced telecommunications and broadband services to rural
communities and Native American tribes with focus on public safety,
education and healthcare sectors. Aero is a pioneer in delivering
4G/LTE, TV White Space, and advanced wireless technologies
(www.aeronetworks.net).
Certain statements included in this press release may constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements relate to, among other things, plans and timing for the
introduction or enhancement of our services and products,
statements about future market conditions, supply and demand
conditions, and other expectations, intentions and plans contained
in this press release that are not historical fact and involve
risks and uncertainties. Our expectations regarding future revenues
depend upon our ability to develop and supply products and services
that meet defined specifications. When used in this press release,
the words "plan," "expect," "believe," and similar expressions
generally identify forward-looking statements. These statements
reflect our current expectations.
CONTACT: Gross Capital, Inc.
Barry Gross
(361) 949-4999
IR@sanwire.net
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