CWIR .099x.011
news hit at 6 am
Central Wireless Announces Equity Line of Credit Financing
Tuesday, November 04, 2003 6:01 AM
SARASOTA, Fla.--(BUSINESS WIRE)--Nov. 4, 2003--Central Wireless, Inc. (OTCBB:CWIR) announced today that it has signed an agreement for a $5,000,000 equity line of credit. The equity line allows the Company to draw funds over a two year period.
The line of credit will be used to expand the Company's cellular tower projects in the United States. The funds will provide equity in as many as forty proposed tower construction projects under review by Central Wireless.
The Company's CEO Ken Brand said today, "This funding will be the catalyst for our growth phase over the next two years. We intend to apply our construction and site selection expertise to leverage the benefits of this equity funding and grow the Company to become a significant force in the Southeastern United States."
