REVA, Inc. Restructures its Wireless Business to Meet Expected Growth in 2004
REVA, Inc. (OTCBB: RVIA) announced today the
restructuring of its wireless business to better meet the marketing
and sales needs of the company, and prepare for testing its video
compression products in the marketplace. REVA agreed to acquire
Regional Wireless Networks in November, 2003 with plans to refocus its
business model on increasing its revenue base and providing a stable
financial infrastructure for controlled company growth.
James E. Ontiveros, CEO for REVA said, "We are restructuring the
wireless company to better meet customer service demands and enable
the company to provide more effective and speedier responses to sales
inquiries as well as enhance its marketing capabilities. We are also
revising our pricing structure in order to maintain a competitive
rate."
In addition, the REVA wireless network is being re-engineered to
include one centralized data control center, as well as centralizing
its customer service center. Future plans include installing a billing
system that invoices by bandwidth, giving end-users a choice of
bandwidth service.
As part of its restructuring, REVA is upgrading its wireless
technology infrastructure. Tower-to-tower links are being upgraded
from 2.5 Mbps throughput to 10 Mbps throughput, with the capability of
ramping up to 21 Mbps. This is more than a 75% improvement to the
major backbone of the REVA network. Along with these improvements
comes the ability to increase the customer base as well as enable the
network to support video streaming at bandwidths necessary for video
on demand, home security and telemedicine products.
REVA, Inc. recently completed its first billing cycle for its
wireless client base. These clients, who now are under the REVA, Inc.
umbrella, will account for more than $100,000 per year of REVA's
wireless revenue. This revenue includes basic wireless Internet
solutions for a diverse array of clients, from residential customers
to city and state government offices, to commercial customers, as well
as alliances with Internet Service Providers.
CURRENT BUSINESS INFORMATION: REVA Inc. historically is a
developer and manufacturer of Video Compression, Security &
Surveillance, and TeleHealth systems. The Company provides wireless
Internet services and designs and manufactures technology and products
for the video communication market. The Company's remote video
communication products can transmit (via compression) video, audio,
and data over various communication medias at speeds that far exceed
those of its competitors.
Safe Harbor Act Notice: This release may contain forward-looking
statements that involve risks and uncertainties, including without
limitation, acceptance of the company's products, increased levels of
competition, product and technological changes, the company's
dependence upon financing and third party suppliers, and other risks
detailed from time to time.
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