Sanwire Corporation Signs Letter of Intent With Montana Fort Peck Tribes to Provide a Full Suite of Communication Services
October 10 2013 - 9:00AM
Marketwired
Sanwire Corporation Signs Letter of Intent With Montana Fort Peck
Tribes to Provide a Full Suite of Communication Services
TULSA, OK--(Marketwired - Oct 10, 2013) - 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
signed a Letter of Intent ("LOI") with the Fort Peck Tribes of
Montana ("Fort Peck") to provide a full suite of broadband
infra-structure and communication services to tribal residents and
surrounding businesses.
The LOI sets out the principal terms and conditions to which
Aero and Fort Peck are willing to enter into an exclusive
telecommunications development and supporting contracts definitive
agreement ("Definitive Agreement") for the installation and
construction of fiber optic, cable systems networks with various
OSP support structures, direct burial and ISP structured cable
systems, and various building support structure installations
("Projects"). Aero will assist Fort Peck in writing and submitting
grant funding applications to federal, state, and local agencies to
pay for the Projects. The grant funds will be utilized to pay for
the infra-structure build-out which Aero will be the primary
contractor.
Additionally, Fort Peck is forming a tribally owned
telecommunications company called "A&S Montana Telecom," which
will be an entity offering a multitude of telecommunication
products and services including but not limited to broadband
services, telephony and wireless services. The products and
services will be offered within the exterior boundaries of the
tribe for all tribal customers within the Fort Peck Indian
reservation. Aero, utilizing its signature BOTT model will,
"Build" the broadband infra-structure, "Operate"
the business with the tribes, "Train" tribal members to
generate jobs growth, and "Transfer" the operation to the
tribes as a fully operational telecommunications company. Aero will
be retained as paid operational consultants for a 5-year term with
an automatic 3-year extension. Aero and A&S Montana Telecom
will share subscriber revenues for the operational agreement
period.
"We are very pleased to enter this partnership with Aero,"
stated Floyd Azure, Chairman of Fort Peck. "Fort Peck has dedicated
over $10 million to establish its own telecommunications services
company. Data from the Fort Peck region has shown grant levels in
excess of $20 million are appropriate goals which plays directly
into Aero's grant expertise."
Aero's President, Richard Bjorklund stated, "We are honored to
deliver our signature BOTT telecommunications system to the Fort
Peck Tribes of Montana. Our products and services will provide this
community the opportunity to flourish and grow through utilization
of a communication infrastructure not currently afforded its
members. The educational benefits to the Tribes, achieved through
our unique product offerings, will bring a new and instantaneous
connection capability providing valuable resources for generations
to come."
About Fort Peck
Tribes The Fort Peck Reservation (FP Reservation) is home to
the Assiniboine and Sioux Tribes, referred to as the Fort Peck
Tribes (FP Tribes). The FP Reservation is 110 miles long and 40
miles wide, encompassing 2,093,000 acres (3,289 square miles). Of
this, approximately 378,000 acres are tribally owned and 548,000
acres are individually allotted Indian lands. The total of Indian
owned lands is about 926,000 acres. There are an estimated 10,000
enrolled tribal members, of whom approximately 6,000 reside on or
near the Reservation. The population density is greatest along the
southern border of the Reservation near the Missouri River
www.fortpecktribes.org/.
The majority of the population of the Fort Peck Reservation is
in the communities of Wolf Point, Poplar, Brockton, and Frazer.
According to the 2010 US Census, Wolf Point has a population of
2,621 and total households of 952; Poplar has a population of 810
and total households of 313; Brockton has a population of 255 and
total households of 70; and Frazer has a population of 362 and
total households of 100. There are an estimated 11,786 enrolled
tribal members, of which, approximately 6,000 live on or near the
reservation. The population density of the Fort Peck Reservation is
approximately 3.14 people per square mile.
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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