Sanwire Corporation Applies for a Second Broadband Deployment Project Grant in Missouri Estimated at $800,000
August 06 2013 - 9:00AM
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 second Missouri broadband
Community Connect grant with the United States Department of
Agriculture, Rural Utilities Services (USDA-RUS) for Gerster,
Missouri estimated at $800,000.
Aero's Missouri office 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 initially encompass advanced telecommunications
and broadband services for the Gerster, Wheatland and Weaubleau
areas in St. Clair and Hickory County, Missouri. The proposed
service area covers 78 square miles, contains 485 households and
181 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.
Rick Bjorklund, President of Aero, stated, "For 2013, this grant
application is our second in Missouri and third under the USDA-RUS
Community Connect grant program with an estimated total value of
$2,800,000. Over the years, Aero's management team has an
outstanding record in receiving USDA-RUS Community Connect
broadband grants. As with our recently announced Gravois, Missouri
project, the Gerster project will be structured as a public-private
partnership with the goal of building sustainable broadband
services for local communities."
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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