AIR-Q WI-FI CORP (fka AQWF)

[Doxi]

AQWF - A STOCK WITH A HUGE FUTURE! AND I HEAR MORE IS COMING!!
Their most recent news:

http://biz.yahoo.com/bw/030807/75378_1.html

Air-Q Wi-Fi Begins Wi-Fi System Build-Out in First Market
Thursday August 7, 9:02 am ET


BATON ROUGE, La.--(BUSINESS WIRE)--Aug. 7, 2003--Air-Q Wi-Fi Corporation (formerly Covenant Financial Corporation) (OTCBB:AQWF - News), a Wi-Fi (wireless fidelity) Internet access provider, announced today that it has begun the build-out of its first Wi-Fi Internet access system in Baton Rouge, La. Air-Q's first five "hot spots" are scheduled for completion before the end of August 2003, with beta customers testing the system simultaneously.
A "hot spot" in Air-Q's Wi-Fi system is a transmission point that is connected directly to the Internet, either through a telephone line or cable television fiber, through which users' data travels. In Baton Rouge, Air-Q's hot spots will be tied directly to the Internet through the local cable operator's cable network.

"Our progress in Baton Rouge has been more rapid than we had anticipated," said David Loflin, Air-Q's president. "Air-Q's agreement with the local cable operator to provide the necessary broadband fiber connection to the Internet at each of the Baton Rouge system's hot spots will allow us to accelerate the development of our Wi-Fi network," added Mr. Loflin. Mr. Loflin also noted that, when completed, Air-Q's Baton Rouge Wi-Fi system will feature approximately 100 hot spots and provide wireless Internet access to area business and residential customers throughout the city, as well as to visitors with Wi-Fi compatible laptop computers and other wireless devices.

About Air-Q Wi-Fi Corporation

Air-Q Wi-Fi Corporation (formerly Covenant Financial Corporation) is a development-stage company that has begun to establish its first wireless Internet access system in Baton Rouge, Louisiana. Air-Q's "Wi-Fi" Internet access systems will operate on a platform comprised of Wi-Fi standard equipment that has been configured in a proprietary manner. The term "Wi-Fi" (wireless fidelity) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz. Air-Q's business plan focuses on the marketing of its wireless Internet access services to businesses and residential customers, as well as to visitors to its markets with Wi-Fi compatible laptop computers and other wireless devices.

Contact:
Air-Q Wi-Fi Corporation
David Loflin, 225-923-1034
[e-mail]





MORE ABOUT THE POTENTIAL OF AQWF!
Study: Wireless Hot Spot Market Poised To Expand

By Russell Redman, CRN

12:04 PM EST Wed., Aug. 06, 2003


Service revenue for the U.S. wireless hot-spot market will top million by 2007, up from more than million this year, according to a survey released Tuesday by Parks Associates.
The Dallas-based research firm estimates that service revenues from public hot spots will total million in 2003 and then more than double to million in 2004, growing at a compound annual rate of about 50 percent through 2007. However, Parks research analyst Yuanzhe (Michael) Cai said the current hot-spot market still remains relatively small, which explains the dramatic growth rates projected.

The Parks study, which polled consumers and service providers, segments hot-spot users into three groups: business subscribers, broadband subscribers and ad hoc users. Going forward, service providers will need to craft different business models to cater to the usage patterns and other demands of these hot-spot user groups, the research firm said.

What's more, service providers must work to expand the hot-spot user base, according to Parks. The study found that business travelers are the chief users of hot spots and will remain so for years to come. As a result, carriers must bundle hot spots with their other telecom services and provide continuous support in order to grow the hot-spot user community beyond "road warriors," the report said.

One factor driving the hot-spot market is the increasing integration of wireless capability in notebook PCs. For example, about 16 million laptops with embedded Wi-Fi capability are expected to ship to businesses this year, according to a study by In-Stat/MDR. By 2005, 95 percent of notebook computers stand to have Wi-Fi functionality, with the extra cost of wireless capability becoming virtually transparent to the laptop user, the Scottsdale, Ariz.-based research firm said.

In addition, dual-mode wireless equipment--supporting both 802.11a and 802.11g products--will become the platform of choice over the next few years, according to In-Stat/MDR. Chip makers such as Atheros, Texas Instruments, Broadcom and Intersil are now focusing on a/g solutions (802.11g is backward-compatible with 802.11b), and Intel is slated to roll out a dual-mode mini PCI in its Centrino mobile processor by year-end, the research firm said. Dual-mode clients and access points also are shipping in rising quantities and are poised to eclipse 802.11a-only equipment, the study said.

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