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What a crotch o' chit! Brought down from .15 straight to .12 on 300 shares! Tell me manipulation isn't in play here! Bastages screw up a bullish chart with a stinkin' $36 trade!
What chit! May you MMs burn in hail! (and thirst for icewater, while you're at it!)
By the looks of it, you probably have time. I'm waiting this one out, since today's PR verified what management told me a few weeks back, in that they are continually increasing the customer base.
It's obvious their 1 year comparisons are vastly different, and I doubt it's just a fluke. WiMax ready is the where it's at these days.
As a side note, and somewhat off the record, NXPW is working towards being a $300M-$500M company...or so I was told. Perhaps many years down the road, but then, that's what investing is all about.
From what I see, low o/s, low float, low dilution, and a low pps in a growing hot sector, fits my criteria for wise investing. Too bad others don't see it that way. They'd rather buy POS with billions of shares, sweet sounding fluff PR, and no verified income. Go figure!
good news today...too bad not more of a spike...still looking for funds so hopefully it doesn't take off too soon. GLTA
III
Revenues almost match their marketcap! Something wrong with this picture?
-- 567% increase in revenues
-- 2123% increase in gross profits
-- 31% reduction in operating loss
-- 18% reduction in net losses
Thanx, pennyfool, I've been waiting for that! I was off on my prediction, but it still looks damn good!
Wednesday, November 15 2006 6:30 AM, EST
--------------------------------------------------------------------------------
NextPhase Wireless Reports Second Quarter Results
Market Wire "US Press Releases "
ANAHEIM, CA -- (MARKET WIRE) -- 11/15/06 -- NextPhase Wireless (OTCBB: NXPW), a next-generation connectivity company that specializes in integrated Internet, voice and data communication solutions, today reported financial results for the second quarter and six-month periods ended September 30, 2006.
Revenues for the quarter were $636,426, as compared with revenues of $95,476 in the same quarter last year. Gross profits for the quarter were $335,687, as compared with gross profits of $15,101 in the same quarter last year. The Company reported a loss from continuing operations of ($411,968), compared with a loss of ($504,669) in the prior quarter.
Highlights
-- 567% increase in revenues
-- 2123% increase in gross profits
-- 31% reduction in operating loss
-- 18% reduction in net losses
Readers are directed to the company's Quarterly Report on Form 10-QSB for more detailed information about or financial results for the Quarterly Period Ended September 30, 2006.
"Having successfully completed the integration of our latest acquisition, SpeedFactory, our focus is now on leveraging our collective capabilities and continuing to expand, enhance and monetize our wired and wireless networks. Through new and existing partnerships, we are continuing to extend our reach and broaden our portfolio of products and services. Building on the foundation we now have in place, we are aggressively pursuing accelerated revenues in subsequent quarters," said Robert Ford, President and CEO.
About NextPhase Wireless, Inc.
NextPhase Wireless is a next-generation connectivity company that specializes in delivering integrated Internet, voice and data communication solutions to its customers. The Company designs, deploys and operates its own wireless networks and also provides wireless technology solutions to businesses and municipalities. The Company is an active member of the WiMAX Forum(TM) and the Wireless Communications Association International (WCA). Leveraging its full-service capabilities and world-class infrastructure, NextPhase Wireless offers a comprehensive portfolio of broadband solutions that meet customers' needs today, and can anticipate and grow to meet their needs of tomorrow.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
NextPhase Wireless, Inc.
Robert Ford
800-748-5548
rford@npwireless.com
Investor Relations:
IR Affiliates
John Pentony
469-361-6239
NXPW@iraffiliates.com
That's good to hear. We need more people that are more experienced in this sector, on this board. I cannot say that I am, myself, but I know enough that communication technologies are moving/growing by leaps and bounds.
Finding low o/s penny plays in this area is not easy, and though it's unlikely NXPW will shoot to .50 in the next week or two, worrying about it falling back is not a concern either.
If it does, well, seize the moment while it lasts.
I spoke with Steve Young recently and asked what their approx. yearly rev. is, estimating by present business. His reply was $1.6M, and growing.
Now, this would be considering contracts, etc., that they have now, but may not have had 6 months ago.
In other words (from my understanding), if all contracts/business stayed as it is today, $1.6M could be expected after one year. He would not have honestly been able to say that 6 mo. ago.
So, if 6 mo. ago, a yr avg. rev. was estimated, it may have only been $.5M at the time, basing on current contracts/accounts.
Avg'ing this out is how I come to this basis, so as not to expect more than what is reasonable.
Nonetheless, if 6 mo. ago, they were only at $.5M, and 6 mo. later, they are at $1.6M, it doesn't take a genius to see that NXPW is an excellent buy and hold, for those who like to walk away from their investments without worrying about it diving.
Of course, I base my opinions and conclusions on low dilution, which, although there has been some over the last year (and I am hoping when I say this), managements seems to manage dilution rather well.
NXPW .15 My guess is 2 million or more. I see they have Fullerton and just installed a licensed link. That takes money and long term vision.
NXPW Wireless Connection. Tried JW, Works well but not all areas. This is a fast growing field, even alarms are going wireless (LaserShield in San Diego)so I'm staying long and will pick up more.
Well, you should be a little high. After all, it is Aloha Friday on a Thursday. (We have rednecks here in the middle of the Pacific, too)
NXPW has more than just that one source of revenue. My guess is, they might show near $1M for the year. I might be a little high.
Sorry, I couldn't stiffle that yawn. I fell asleep during the post-PR action here. Anyway, those financials should show another 100K in revenue. Might even show the next project or two. Another week of stealth buying? I hope so.
Financials should be out soon.
Yawn!!! So, when's the next big news due?
Makes ya wonder how the DOW is holding 12000 when no one is buying!
PR looks good to me, especially since it sounds like they've got a hot ticket item, with major upside.
This is the second company I hold that decided to PR on a Friday that falls on Thursday.
News out this morning:
Thursday, November 09 2006 7:40 AM, EST
--------------------------------------------------------------------------------
NextPhase Reports Rapid Growth at John Wayne Airport, California
Market Wire "US Press Releases "
ANAHEIM, CA -- (MARKET WIRE) -- 11/09/06 -- NextPhase Wireless (OTCBB: NXPW), a next-generation wireless connectivity company that specializes in integrated Internet, voice and data communication solutions, today announced that customers using its NextZone(TM) connectivity services at John Wayne Airport in Santa Ana, California, continue to exceed company forecasts.
Originally offered as a free service to the 9.6 million passengers that travel through John Wayne Airport on an annual basis, the NextZone(TM) solution became a paid service in early August. Combining commercially available WiFi components, along with NextPhase's proprietary multi-beam antenna design, the NextZone(TM) WiFi Access Point and NextZone(TM) Connectivity Services were designed from the ground up as a one-stop solution for rapidly deploying a cost-effective, turnkey solution that provides cost-effective connectivity to high traffic, high density locations such as airports, ports, hotels and sports stadiums.
"We thought we'd hit a home run when we designed NextZone(TM), but the results so far have exceeded all of our expectations," said Robert Ford, President and CEO. "In less than three months of operation, we have seen paid usage more than double, with monthly subscribers fast approaching 10% of the revenue. We're forecasting annual revenue of more than $100,000 from this single NextZone(TM) location alone."
"Clearly, not all potential locations are as lucrative as one of the nation's 50 busiest airports, but our low operating costs, superior price/performance and value pricing model means that we can extend this to other locations, in a way that rapidly generates strong revenues and positive cash flow," added Ford. NextPhase is planning to introduce similar services at other airports within the region, and will be marketing a turnkey solution for Internet Service Providers by year end.
About NextPhase Wireless, Inc.
NextPhase Wireless is a next-generation connectivity company that specializes in delivering integrated Internet, voice and data communication solutions to its customers. The Company designs, deploys and operates its own wireless networks and also provides wireless technology solutions to businesses and municipalities. The Company is an active member of the WiMAX Forum(TM) and the Wireless Communications Association International (WCA). Leveraging its full-service capabilities and world-class infrastructure, NextPhase Wireless offers a comprehensive portfolio of broadband solutions that meet customers' needs today, and can anticipate and grow to meet their needs of tomorrow.
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
NextPhase Wireless, Inc.
Robert Ford
800-748-5548
rford@npwireless.com
Redwood Investment Group
Thomas C. Hemingway
949-756-2033
mailto:tomh@redwoodfin.com
Investor Relations:
IR Affiliates
John Pentony
469-361-6239
NXPW@iraffiliates.com
Darn!! I think we started something by bringing attention to it. Oh, well. There goes the stealth play. LOL
No doubt. I'd like to have about a 100K for the longterm hold. I like how it has not been volitile at all, since they announced the NOBO list. Safe bottom play for sure, but then, a dip would be welcome, if the timing was right.
I missed that too. Didn't show up on my alerts either. Yet, there it is on Yahoo!. Maybe I need to check Yahoo! on more than a monthly basis. Hmmm.
I like the part about next year. I wonder how soon the next phase of NextPhase can be up and running? But, quiet. I'm still trying to accumulate, and would like to add more at this level after Mesa hits. OOoops, sorry, not trying to spam EDEX. Ooops. There it is again. Sorry.
Gee, I never even noticed this PR last week, since it didn't show up on my streamer!
NextPhase Wireless Strategy Update
NextPhase Wireless (OTCBB: NXPW), a next-generation connectivity company that specializes in integrated Internet, voice and data communication solutions, today issued the first in a series of updates on its business strategy, with details on its plans for further expansion of its wireless network 'footprint.' Future updates will cover its plans for extending its geographic reach through selective acquisitions, providing outsourcing services to other Internet Service Providers and the introduction of additional value-added services to its existing customer base.
Network Expansion
NextPhase's Wireless Network Operations Center (WNOC) in Anaheim, California has been built out and is capable of providing flexible, scalable, reliable and cost-effective connectivity solutions to the 135,000 businesses in Southern California within Orange, Riverside, and San Bernardino Counties.
Through its SkyLink Alliance Program, this wireless footprint now extends into San Diego County and Los Angeles County, expanding the potential customer base to over 440,000 businesses within the shared network.
NextPhase is committed to expanding, enhancing and monetizing its wireless footprint in the following ways:
-- Upgrading / Extending NextPhase Footprint
As previously announced, NextPhase has accelerated its network upgrade
program in readiness to deploy WiMAX services in 2007. Backhaul
capabilities continue to be upgraded to licensed spectrum, and
additional tower sites are being built out as we identify unmet needs
for cost-effective business-class connectivity services.
-- Extending / Deepening the SkyLink Alliance Program
To date, the SkyLink Alliance Program has focused on bi-lateral
wholesale agreements and joint sales and marketing efforts between
member companies, who are all market leaders in their respective
geographic markets. Currently we are focusing on how we can further
strengthen the Alliance -- identifying additional members that will
further extend our collective footprint; cross-connecting our networks
to lower costs, improve service levels and enhance delivery
capabilities; offering additional value-added services to new and
existing customers by leveraging the Alliance's collective portfolio
of products, services and capabilities.
-- Monetizing the Network
While NextPhase's wireless footprint uses pre-WiMAX wireless broadband
technologies to deliver business-class connectivity services,
the NextZone(TM) Connectivity Solutions range of productivity products
and services extends this to delivering public access services in high
traffic, high density locations such as city centers, airports, ports,
hotels and sports stadiums.
Increasingly, customers expect (and most importantly, they are willing
to pay for) connectivity services to be available outside of the home
and the workplace. While true nomadic broadband capabilities, based on
the WiMAX 802.16e standard, will not be widely available until 2008,
cost-effective connectivity services can be provided to the 20% of the
nation's workforce who spend significant hours each month working
outside of a traditional office in "third places" such as airports,
hotels, coffee shops, etc.
Leveraging its successful deployment of NextZone(TM) connectivity
services at John Wayne Airport, one of the 50 busiest airports in the
US, NextPhase is planning to introduce similar services at other
airports within the region, and is also exploring options to extend
this to similar high traffic, high density locations within its
wireless footprint. By combining commercially available WiFi
components along with NextPhase's proprietary multi-beam antenna
design, the NextZone(TM) WiFi Access Point was designed from the
ground up as a cost-effective solution that can be deployed rapidly,
delivering revenues, positive cash flow and profitability within a
matter of weeks or months.
About NextPhase Wireless, Inc.
NextPhase Wireless is a next-generation connectivity company that specializes in delivering integrated Internet, voice and data communication solutions to its customers. The Company designs, deploys and operates its own wireless networks and also provides wireless technology solutions to businesses and municipalities. The Company is an active member of the WiMAX Forum (TM) and the Wireless Communications Association International (WCA). Leveraging its full-service capabilities and world-class infrastructure, NextPhase Wireless offers a comprehensive portfolio of broadband solutions that meet customers' needs today, and can anticipate and grow to meet their needs of tomorrow.
Maybe I'm just overly sensitive today.
Maybe it's the news. I don't know.
One way to cheer me up would be some major moves.
We're we fighting? Gee, I usually reserve all arguments for Jagman.
A turned a few cents profit from LFZA into this. Now I can't pick up any more until something else moves, too. Lowman, we are so much alike. Let's never fight again.
I'm limited until something else moves for me first. Hopefully, news can wait until I have more funds.
And yes, I like the low volume, and no downtrending. A half way decent PR should put this in the .20's atleast, and probably not even on too much volume, either.
No posts in a week, and the SP goes sideways. I like this. Ooops. Shhh. We're huntin' wabbits here. I got mine, did you get yours?
I give Jagman 3 more posts. It's not like him to be so slow? He's like my little puppy dog! LOL
I'm not here because of Lowman. I'm here in spite of Lowman. All we need is Jagman and West, and the party will start. I'm hoping this will do for me what LFZA just did for my portfolio.
Keep it on radar, for sure. If it falls back near a dime, I won't waste no time grabbing a few more. I see NXPW as an excellent 1 yr (atleast) hold, selling only for the capital gains tax savings. Not many out there that really seem to fit the bill of being a good 1 yr hold.
with your following as soon as you post "the cat is out of the bag"
no position...just looking...for now
III
I hear they have a few PRs in the wings. One was due yesterday, but the CEO had an emergency he had to attend to. I think NXPW has bottomed for the last time, and the reaction this week so far, to the buyin PR, kinda confirms it.
Speaking with an insider, the company's goal is to become a $400M-$500M company, by keeping ahead of technology and whatnot.
Granted, that's a pretty far goal, with a present MC of under $4M, and shorting closing out, I think we have a pretty safe investment here with a nice upside potential.
Plus, the low o/s and float makes NXPW look VERY attractive. Their dilution rate seems to be pretty reasonable, also.
I'm trying to keep it a little under the radar until I can load up, but if news comes before that happens, my loss.
Wow, popped right up there at opening. Glad I got some yesterday. Anything anticipated in the next couple of days?
Imagine THAT! Nothing to hide! Hmmm...makes me suspicious when they got nuthin' to hide. LOL
Hey, I just found out that this is a OTC:BB full reporting company with assets, income, acquisitions and everything. Wow did I luck out!!
I got my starter batch. Let the PRs begin. Oh, by the way, what does NextPhase sell?
Thanx starboy, that's much better than the one I have in the IBox.
Keep an eye on it though. One of the things I like here is that the o/s is small considering the stage of growth they're in. From my understanding, revenues are already approaching $2M/yr, and for a present market cap of under $3M, well...you can see why I'm buying.
I hope to load up more also, once another one or two of my positions move first. I only picked up a starter position for now 'cause I hear there's a few more PRs in the wings, and didn't wanna miss out on anything.
Sorry dude, I can't help you here. I haven't loaded up on cheap shares yet. Maybe next week if the SP retraces. For now, cannot assist in an enterprise that works against my best self-interests. LOL
Ahhh! Someone else to help bring the board to life! No, I'm not from those parts, so I've never used the John Wayne hotspot, but it sounds like a good first airport, of what could lead to many more.
I bought in yesterday from the action I saw on the trading, in response to the news. Tells me NXPW is bottoming, so to speak, which natch, is the best time to enter.
I'm expecting some nice movement on good news. A short squeeze would move this up very easily and considerably.
GLTY welink!
Picked up a few shares again today after speaking with management. Some good things coming down the pipeline, I hear.
I like the low o/s & float. Market cap under $3M. Past PRs look nice. Looks like they're setting up to go nationwide.
Looks like a strong buy and hold for 1 yr+.
NextPhase Wireless, Inc. (NXPW) SqueezeTrigger Price Is $0.31; Approximately 1.4 Million Shares Shorted Since January 2005 According to Buyins.net Research Report
NextPhase Wireless (OTCBB: NXPW), a next-generation wireless connectivity company that specializes in integrated Internet, voice and data communication solutions, announced today that BUYINS.NET, www.buyins.net, is initiating coverage of NextPhase Wireless, Inc. (OTCBB: NXPW) after releasing the latest short sale data to October 2006. From January 2005 to October 2006 approximately 18.6 million total aggregate shares of NXPW have traded for a total dollar value of nearly $5.8 million. The total aggregate number of shares shorted in this time period is approximately 1.4 million shares. The NXPW SqueezeTrigger price of $0.31 is the volume weighted average short price of all short selling in NXPW. The next short squeeze is expected to begin when shares of NXPW close above $0.10, where approximately 105,580 shares have been shorted. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value
January '05 58,583 4,511 $0.73 $ 3,270
February 54,476 4,195 $0.79 $ 3,293
March 15,249 1,174 $0.86 $ 1,004
April 148,575 11,440 $1.57 $ 17,904
May 13,805 1,063 $1.98 $ 2,099
June 19,142 1,474 $1.51 $ 2,226
July 626,045 48,205 $0.73 $ 35,069
August 2,007,056 154,543 $0.51 $ 79,018
September 513,279 39,522 $0.40 $ 15,611
October 289,850 22,318 $0.34 $ 7,644
November 155,885 12,003 $0.31 $ 3,751
December 91,950 7,080 $0.28 $ 1,982
January '06 129,388 9,963 $0.27 $ 2,640
February 2,367,753 182,317 $0.32 $ 57,886
March 3,909,967 301,067 $0.37 $110,642
April 1,188,884 91,544 $0.33 $ 29,871
May 1,003,642 77,280 $0.22 $ 16,638
June 693,450 53,396 $0.17 $ 9,077
July 777,966 59,903 $0.12 $ 7,039
August 1,371,171 105,580 $0.10 $ 10,959
September 2,307,197 177,654 $0.13 $ 23,095
October 828,448 63,790 $0.12 $ 7,495
Total: 18,571,761 1,430,026 $0.31 $448,215
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted
average short price.
***short volume is the total short trade volume and does not
account for covers.
About NextPhase Wireless, Inc.
NextPhase Wireless is a next-generation connectivity company that specializes in delivering integrated Internet, voice and data communication solutions to its customers. The Company designs, deploys and operates its own wireless networks and also provides wireless technology solutions to businesses and municipalities. The Company is an active member of the WiMAX Forum (TM) and the Wireless Communications Association International (WCA). Leveraging its full-service capabilities and world-class infrastructure, NextPhase Wireless offers a comprehensive portfolio of broadband solutions that meet customers' needs today, and can anticipate and grow to meet their needs of tomorrow.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 1,000,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. NextPhase Wireless, Inc. has paid $995.00 to purchase data for information provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.
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This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Hey out there....Anyone still own Next Phase Wireless? I do and hope it does something soon.
OT: check out XMMC..up 0.027 already....
Anyone else still watching NXPW?
Here's the last PR.....
NextPhase Closes SpeedFactory Acquisition
Wednesday April 12, 8:00 am ET
Company Expects $2 Million Increase in Annual Revenues as It Further Expands Portfolio and Reach With Acquisition of Leading Regional Business-Class ISP
ANAHEIM, CA--(MARKET WIRE)--Apr 12, 2006 -- NextPhase Wireless (OTC BB:NXPW.OB - News), a next-generation connectivity company that specializes in integrated Internet, voice and data communication solutions, today announced that it has closed the acquisition of Atlanta-based SpeedFactory announced in a release dated March 29th, 2006.
As stated in an 8-K filing on April 11, 2006, SpeedFactory, Inc., a wholly owned subsidiary of NextPhase Wireless, Inc., acquired all of Synkronus, Inc.'s assets, excluding cash, pursuant to an Asset Purchase Agreement dated March 29, 2006 between SpeedFactory and Synkronus. The assets acquired by SpeedFactory comprise Synkronus' Internet service and connectivity business operated by Synkronus under the name "SpeedFactory." SpeedFactory paid $1,500,000 in cash for the assets at closing and did not assume any pre-closing liabilities from Synkronus.
CUSTOMER BASE GROWS BY 1100%
"SpeedFactory is a highly respected ISP, providing business-class DSL services to customers in Atlanta and the fast growing South-East region since 1998," said Robert Ford, NextPhase's President and CEO. "Together, we now provide a broad range of connectivity services to over 2500 customers in two of the fastest-growing regions of the country; Southern California and the South-East," added Ford.
REVENUE RUN RATE INCREASES TO $3.5M
Not only will the acquisition immediately add to our revenue and cash flow per share, it further strengthens our market-leading portfolio of connectivity products and services, and extends our geographic reach," said Ford. "With the contribution of the SpeedFactory acquisition starting in the first quarter of fiscal year 2007, we're now profitable and expect to see positive operating cash flow and much improved margins once the full integration is completed," added Ford.
COMPREHENSIVE PORTFOLIO OF CONNECTIVITY SOLUTIONS
In recent weeks, NextPhase has added Business-Class Digital Subscriber Line (DSL) services to its broad portfolio of connectivity solutions; announced the nationwide wireless 'last mile' capabilities of NextNode Virtual Networks™; signed a Letter of Intent with Onasi, Inc. (OnSat) to form a joint venture to provide integrated connectivity solutions, using satellite backhaul and wireless 'last mile' technologies, to rural US markets and developing markets internationally; signed an agreement with Communication Technology Services (CTS) for the nationwide provision of broadband connectivity installation and technical support services.
"This acquisition, together with our other recent announcements shows that we're committed to building a world-class, full-service connectivity company. Through our broad range of products and services, we now have the ability to deliver flexible, scalable, reliable and cost-effective connectivity solutions to business customers anywhere in North America, and to developing markets outside the US. Whether customers are located in established metropolitan areas, developing regions where growth is outpacing the infrastructure build-out or in rural communities, we're now able to deliver solutions that can adapt and evolve to their changing customer needs," added Ford.
NextPhase Wireless Signs Letter of Intent to Form Joint Venture With OnSat
NextPhase Wireless (OTC BB: NXPW), a next-generation connectivity company that specializes in integrated Internet, voice and data communication solutions, today announced it has signed a Letter of Intent with Onasi, Inc. (OnSat) to form a joint venture to provide integrated connectivity solutions, using satellite backhaul and wireless 'last mile' technologies, to rural US markets and developing markets internationally.
"When it comes to connectivity solutions, one size does not fit all. Thirty percent (30%) of the US will never be covered economically by traditional wired broadband solutions, but the combination of satellite and wireless technologies can deliver cost-effective broadband Internet access, video and VOIP services to those markets and communities. With satellites providing ready access to anywhere in the world and the speed with which a hybrid solution can be deployed, new customers can be brought online in a matter of days," said Robert Ford, NextPhase's President and CEO.
"OnSat's experience in designing, deploying and operating large-scale hybrid satellite/wireless networks is unequalled in the industry. On the Navajo Nation, OnSat has already deployed one of the largest wireless broadband networks in the world, covering 27,000 square miles and delivering broadband Internet connectivity including distance education, health, economic opportunity, public safety and e-government services to more than 225,000 citizens. Together, we are well positioned to leverage our collective expertise and aggressively pursue market share in the underserved domestic markets, forecasted to be worth $4.4 Billion in 2007," added Ford.
"In partnering with NextPhase Wireless, we are teaming with a great company that shares our vision of delivering cost-effective connectivity solutions. NextPhase, like OnSat is driven by customer needs," said David Stephens, OnSat's President and CEO. "Our patented SkyDSL® Satellite based Network products and services complement and extend NextPhase's existing portfolio of products and services, allowing cost-effective connectivity to be rapidly delivered to customers, regardless of their location. Wherever NextPhase's customers need connectivity, we can provide it," added Stephens.
About NextPhase Wireless, Inc.
NextPhase Wireless is a next-generation connectivity company that specializes in delivering integrated Internet, voice and data communication solutions to its customers. The Company designs, deploys and operates its own wireless networks and also provides wireless technology solutions to businesses and municipalities. The Company is an active member of the WiMAX Forum(TM) and the Wireless Communications Association International (WCA). Leveraging its full-service capabilities and world-class infrastructure, NextPhase Wireless offers a comprehensive portfolio of broadband solutions that meet customers' needs today, and can anticipate and grow to meet their needs of tomorrow.
About OnSat
OnSat is a worldwide satellite and wireless based communications company that provides its customers with reliable, secure, managed, bi-directional satellite and wireless broadband services, including high speed Internet, video broadcasting, video conferencing, and telephony. Established in 2001, OnSat has been a leader in offering solutions to bridge the digital divide in an effort to expand Internet use in hard to reach areas. In particular, OnSat has successfully implemented self-sustainable business models that allow its services to be deployed and maintained in many remote communities such as Native American lands, Honduras, Alaska, the Virgin Islands, Haiti and even sites on the Amazon River.
Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. In addition to the factors discussed in the filings with the Securities and Exchange Commission, among the other factors that could cause actual results to differ materially are the following: adverse changes in the business conditions and the general economy; competitive factors, such as rival companies' pricing and marketing efforts; availability of third-party material products at reasonable prices; the financial condition of the customer; risks of obsolescence due to shifts in market demand; and litigation involving product liabilities and consumer issues. NextPhase Wireless, Inc. cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. NextPhase Wireless, Inc. expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the company's expectations or any change in events, conditions or circumstances on which any such statement is based.
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METROCONNECT INC
Common Stock SS
Authorized Shares: 10 million
Outstanding Shares: 7,696,181
Per last 10Q received on Feb. 23, 2009:
Active with Nevada SOS
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