AI
Monday, December 20, 2010 5:06:55 PM
CHWM Promotion!!!
SO MUCH POTENTIAL - DO THE RIGHT THING - AND GOOD THINGS FOLLOW!
IT IS SO IMPORTANT TO DO THE RIGHT THING. CAN CHWM DO THAT?
LET's ALL HOPE SO!
Very exciting. Could NOT find the disclosure, could you Luk? Whew, I got a different share number and a few other factual discrepancies, as well but it is so great for the Company to get this coverage. I am hoping this exposure will help on so many levels!
November 19, 2010 there were 21,216,115 shares I found.
I do hope no one was misled! Not the 52 week low again, today and after this great, great coverage and excellent interview!
Well, we will wait on your optimistic pronouncements!
I guess CHWM getting ready to take care of some IMPORTANT issues.
I am very excited to see CHWM's New Year Future!!! I agree this is such a great Company!
I am SURE you are correct regarding the unfortunate year end selling but sometime priorities, backfire. It so so important to have your priorities straight and try to do the right thing. People should NOT sell, because it hurts the share price and that is such a bad thing.
Listening to the two interviews, I am just not sure how different the substance of this December 2010, interview of Hager was from the March 2010, Interview of Berman. What has changed? If you could help us all out to understand that, it might help across the board! (No pun intended.)
CHWM Interview last March, 2010:
http://gaskinsco.com/chwm-steven-b.mp3
CHWM Interview December 14, 2010
http://www.thegreenbaron.com/Webcasts.htm
Every one gets confused at times in their values and priorities.
Tuesday, December 14, 2010 – Before Market Open
Green Baron New “Stock Alert”
China Wi-Max Communications, Inc.
(OTCBB: CHWM - .07 per share)
Common Shares Outstanding / 19,545,115
Market Cap / $1.4 million
52-Week High / $.50
52-Week Low / $.05
Average Price / $.0847 (50-day) .1852 (200-day)
Average Volume / 16,488 (50-day) 24,078 (200-day)
CHWM Now Positioned to Deliver Wireless and Broadband Communications in China
Recently Elected Principal Officer Eric Hager Releases Inspiring New Letter to Investors
China Wi-Max Reaches Major Milestone through Start of Revenue Generation in Current Quarter via Provision of Broadband Services in Beijing
The Green Baron Views Believes CHWM Has Fundamentally Turned the Corner and Will Likely Stage a Big Rally as we head into New Year
Boy, we are still waiting on that one! But not to worry, a few trading days left!!!
Few can argue that China’s growth and sheer number of people represents a phenomenal opportunity to companies that have secured licenses in populous areas to provide broadband services. Today, The Green Baron Report has identified a Company that has these licenses and is now ready to jumpstart its revenues by “lighting up” buildings located in its network. We believe our timing is perfect now!
The Green Baron Report has selected China Wi-Max Communications, Inc. (OTCBB: CHWM) as our newest Green Baron “Stock Alert”, and we strongly suggest members [b[color=red]]accumulate the stock as close to our profile price as possible.[/color] Yes, that was $0.07 was it not?
Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at www.thegreenbaron.com and through email updates to members.
We have very aggressive price projections for China Wi-Max and believe the stock has huge upside potential based on several positive fundamental factors.
TRADER’S NOTES: CHWM is a fully registered and reporting company traded on both the OTC Bulletin Board. The stock is represented by several major market makers that typically keep the spread tight. Tight? 100%. We really need to tighten that spread up, right?
Although volume has been light to moderate of late, the stock has traded over 100,000 shares at least 10 times over the past year; a healthy number considering the relatively low number of shares outstanding and in the float.
CHWM has slowly declined all year so we believe it is under some pressure from shareholders who may be tax selling before year end. CHWM is just a few cents off the year-low.
Back at it lows today?
About China Wi-Max Communications, Inc.
China Wi-Max plans to build, own, and operate metropolitan area Internet Protocol (IP)-based broadband networks using a combination of Company-owned optical fiber and wireless spectrum. These networks are designed to provide the reliability, redundancy, scalability, and other features expected of a carrier class network. The Company intends to provide IP Transport, Internet Access, and value added services (VAS) in China. Furthermore, the Company plans to position itself as alternative transit facilities in and out of China, connecting enterprise customers directly to a global communications network providing managed Virtual Private LAN Services (VPLS) to U.S. companies.
Until recently, it was not possible for foreign investors to own a large portion of a Chinese company in the telecommunication industry. The opportunity for foreign companies to actively participate in the Chinese telecommunications market has only recently become a true reality. Foreign investors may now own up to 49% in basic telecommunication enterprises and up to 50% of value-added telecommunication enterprises.
CHWM has the necessary assets, subsidiaries, licenses, contracts and agreements to be a leading Chinese value added telecommunications provider in 2010 and beyond. This is a unique market position for the Company.
The Green Baron Report has identified the following reasons why we believe CHWM will start to perform strongly and should be actively accumulated:
· Revenues a Reality – In a press release announced October 27, 2010, China Wi-Max secured the beginning of revenue generation via the provision of broadband services to a commercial customer in Beijing. To further execute its agreement with CJ Network, CHWM plans to invest about $200,000 to interconnect and “light up” buildings located on its network.
· Huge Market Opportunity in Beijing - With its fiber network installed in Beijing, China Wi-Max is positioned to expand with the many large commercial buildings within reach of its 45-mile fiber ring around Beijing’s Fourth Ring Road. China Wi-Max is currently engaged in strategic negotiations with multi-tenant building owners and managers to provide broadband Internet access to those buildings and their tenants. It will use its government-licensed - wireless band at 5.8 GHz to extend broadband access eventually to most of Beijing.
· Eric Hager Accepts Role as Executive Vice President – An 8-K filing in early November notes that Mr. Hager accepted a more active role in the Company as its Executive Vice President. He is convinced that CHWN has the potential to be successful in the largest Internet market and beyond. His acceptance of this position indicates a major vote of confidence in the future of the Company.
· $10 Million Line of Credit – In August, 2010, a Reserve Equity Financing Agreement was announced with AGS Capital Group (AGS) in a commitment to purchase, over a period of two years, shares of China Wi-MAX common stock for cash consideration up to an aggregate of $10 million. The Reserve Equity Financing provided by AGS represents cost effective and flexible financing that places China Wi-MAX in control of how and when it raises equity and debt.
· Hangzhou, Shanghai, and Tianjin Markets - The Company has acquired fiber assets beyound Beijing in Hangzhou and option agreements to purchase fiber in Shanghai and Tianjin, six additional cities.
· Future Growth - China Wi-MAX plans to obtain additional wireless spectrum and fiber assets for the ten largest markets in China.
We believe CHWM stock is at an ideal accumulation point, and expect the shares to rally through the balance of the year and into January. This is an ideal situation where the stock is low and the fundamentals are turning. Tax loss selling has likely kept the stock from making a rally sooner. Revenues have now started and we expect to see massive growth over the coming quarters. It is hard to break into the market in China, but this management team has made it happen and is positioned to deliver.
Wi-MAX Technology Competitive Advantage
China Wi-MAX currently owns - fiber rings in Beijing and Hangzhou. These fiber networks run through business districts passing through large numbers of commercial customers per mile. Currently, fiber is out of reach for many businesses just a few blocks or miles away. Leveraging wireless technology for the last mile dramatically increases the number of potential customers and leverages the Company’s fiber network at a low cost, for a competitive advantage.
Access the China Telecom Market
Foreign investors may now own up to 49% in basic telecommunication enterprises and up to 50% of value-added telecommunication enterprises in China. China Wi-MAX has access and infrastructure in place to take advantage of this opportunity. China Wi-MAX has a significant presence in China.
China’s growth is not an accident. It is the result of both government policy and the fact that millions of Chinese individuals are entering the middle class and are using telecom services like Internet access and wireless phones.
China has already surpassed the U.S. as the largest market in the world for both Internet users and wireless phone subscribers. It is still growing quickly. During 2008, Internet users in China increased 41.9% to 298 million (Figure 3), with an Internet penetration rate of 22.6%, only slightly higher than the world average of 21.9% and ranking only 87th among all countries. Bottom Line: there is room for China’s growth to continue.
China’s Internet Growth:
The growth in wireless and Internet users in China has promoted the development of applications like business-to-business and business-to-consumer e-commerce, multimedia, voice over IP, hosted software applications and websites catering to Chinese users. The rapid development of these services not only increases the demand for bandwidth, but also drives demand for faster bandwidth, since China’s bandwidth speeds often still lag behind other countries. All of this feeds into an underserved market for more and more bandwidth and more capacity on the network.
China Wi-MAX Four City Plan
The Company plans to be operational in the 4th Quarter of 2010 and launch services in Beijing. Operational tests have been successfully demonstrated in 2010. CHWM is planning to launch operations in three additional cities, one by one, in the next 12-18 months. These three additional cities are Hangzhou, Shanghai and Tianjin. This “four-city” plan intends to cover up to 200,000 businesses by the end of 2015.
Beijing Market
China Wi-MAX is currently introducing service offerings to customers on its first fiber network in Beijing.
The Company has a team in place in its Beijing office to provide engineering, customer support and sales. Numerous marketing studies have been completed indicating that the market for high quality broadband connections in Beijing is under-served in capacity and quality of service. The Company’s network is designed to provide the reliability, redundancy, scalability and other features expected of a carrier class network.
Beijing Fourth Ring Road and China Wi-Max 45 Mile Fiber Ring
With its fiber network installed in Beijing, China Wi-MAX is positioned to expand with the many large commercial buildings within reach of its 45-mile fiber ring around Beijing’s Fourth Ring Road. China Wi-MAX is currently engaged in strategic negotiations with multi-tenant building owners and managers to provide broadband Internet access to those buildings and their tenants.
The 45-mile fiber ring, when combined with the licensed broadband wireless access, is especially valuable because further fiber development in the center of Beijing, which is inside China Wi-MAX’s fiber ring, is currently discouraged. China Wi-Max will use its government-licensed and - wireless band at 5.8 GHz to extend broadband access eventually to most of Beijing.
5.8GHz Wireless Access
CHWM intends to use 5.8 GHz wireless access to extend the reach of its fiber network (5 miles or more) by connecting buildings beyond the network to those on the fiber ring through roof-top wireless antennae. Using integrated optical fiber and wireless networks greatly increases the potential number of customers the Company can serve.
Hangzhou Market
In Hangzhou the intention is to develop and grow a significant, recurring revenue stream based on the success of the fiber and wireless model being established in Beijing.
Hangzhou Municipality is divided into eight districts (six urban, two suburban), three county-level cities, and two counties. The central six urban districts occupy 682 km² (263.4 mi²) and have a population of over 2 million. The two suburban districts occupy 2,642 km² (1020 mi²) and have over 2 million people. Hangzhou’s industries have traditionally involved textile, silk and machinery, but electronics and other light industries are developing, especially since the start of the new open economy in 1992.
China Wi-MAX currently owns fiber with access to wireless spectrum. Hangzhou has a population approaching 7 million people.
Shanghai Market Agreement to Purchase 150 Kilometers (90 miles) of Fiber
China Wi-MAX is also licensed by the government to use its wireless 5.8 GHz spectrum in Shanghai which is the largest city in China and one of the largest metropolitan areas in the world, with over 20 million people.
An agreement has been reached, through its wholly-owned foreign entity subsidiary, Yuan Shan Shi Dai Technology Development Company (“Shi Dai”), to purchase 150 Kilometers (90 miles) of fiber throughout Shanghai.
In Shanghai, China Wi-MAX intends to purchase its four Core fiber ring. Initially, the network will be built as a redundant Ethernet Backbone. In the future with no changes to the fiber, WDM (Wave Division Multiplexing) and DWDM (Dense WDM) can push this to significantly higher limits.
This bandwidth can easily service well over 1,000 of Shanghai’s most desirable buildings. As in preceding China Wi-Max markets, the core network can be dramatically extended over Licensed 5.8GHZ wireless network. The ability to expand coverage using point-to-point links over fixed wireless broadband network , will further enhance customer penetration at remarkably low cost, which presents significant additional potential for more revenue and greater profits for the Company.
International Access to China Telecom Market
Since China’s admission to the World Trade Organization (WTO), the number of U.S.-based companies operating and making direct investments in China has boomed. This has resulted in a significantly enhanced need for data services between the United States and China. Large multi-national companies with a significant presence in the United States — and directly operating in China or outsourcing manufacturing there — have high bandwidth needs that are presently very difficult to provision, manage, and very expensive.
Most U.S. companies have preferred telecom vendors (ATT, Verizon, etc). However, these vendors, at this time, are not permitted to terminate directly on mainland China. All data lines entering China must terminate first on an official carrier such as China Telecom or China Netcom. This is even true for US joint venture partners for the new fiber route, the Trans Pacific Express. Even if U.S. telecom companies could overcome this initial obstacle they still are disadvantaged in getting from a point of entry to the local loop of the customer. The result is a multi-vendor segmented link that makes it difficult to coordinate customer installations, and often lacks enforceable “service level agreements” (SLAs).
CHWM sees this problem as a significant market opportunity. With established relationships and agreements, the Company intends to break through the barriers other U.S. based companies have in provisioning services end-to-end between the U.S. and China. This could greatly expand the Company’s service offerings from local access to extended end-to-end Virtual Private LAN Service (VPLS), with associated increases in revenue.
The market opportunity for U.S. to China VPLS (Virtual Private LAN Service) is another significant revenue opportunity. The ARPU (Average Revenue Per Unit) for services in the “four-city” model are in the range of $200 to $6,000 per month. The pricing for VPLS service from the U.S. to China competitively ranges from $13,500 (for a 10MB link) and $82,500 (for a 100MB link). Even a small number of customers of these high value services will be a significant revenue contributor CHWM’s operating plan.
The U.S. to China VPLS is based on the experience and unique relationships of the Company’s leadership. CHWM intends to extend the local loop advantage through the ingress and egress challenges of mainland transport facilities and regulations. Furthermore, China Wi-Max has entered into agreements that provide fiber access to 2.5 Gbp currently and can be expanded in the future to 10Gbps and 100Gbps via dual, as in a protected, fiber connection between Hong Kong and mainland China, closing one of the most difficult challenge in provisioning to China.
Strategic Acquisitions and Joint Ventures
CHWM’s operating plan assumes that the revenue growth will be through the direct sales and marketing efforts of our Chinese partner companies and US based marketing leadership. However, CHWM’s plan is expected to be significantly accomplished through acquisitions and joint ventures. Directing upward to 60% of capital toward acquisitions and joint ventures in this manner will significantly accelerate the Company’s model for reaching positive cash flow. In fact, the Company has entered into Letter of Intents (LOIs) and Memorandum of Understandings (MOUs) pending funding of CHWM capital plan.
Key Press Releases
Wednesday, November 3, 2010 – (Excerpt from 8-K filing) - Election of Principal Officer - At its meeting on October 28, 2010 the board of directors of China Wi-Max Communications, Inc., elected Eric Hager as Executive Vice President. Mr. Hager has served on the Board of Advisors of China WI-Max Communications, Inc. since March of 2009.
Eric Hager has had 25 years of experience as an Internet entrepreneur and senior telecom executive with emphasis on technology driven ventures and strategic merger and acquisition transactions. From 1995 to 1997, he led Business Development for Livingston Enterprises, where he developed a relationship with Lucent Technologies that led to Lucent’s $600M acquisition of Livingston Enterprises. From 1997 to 2001, he was employed by Lucent Technologies, where he directed technical and financial due diligence reviews for $1.5 billion of Lucent acquisitions and led worldwide Service Provider Marketing for the Remote Access Business Unit. From 2001 to 2003 he was an advisor to Expedient Holdings USA, and became an owner and Executive Vice President of Corporate Development, from 2003 through 2005, where he architected Expedient’s award winning broadband wireless and fiber services. He has been an Advisor to China Wi-Max since March 2009. Mr. Hager earned his B.S. degree in Philosophy from MERU in Seelisberg, Switzerland.
Wednesday, October 27, 2010 - CHWM Expands Customer Base, Network, and Operations in Beijing via CJ Network Deal - DENVER, CO and GRAFTON, WI and BEIJING -- (MARKET WIRE) - China Wi-Max Communications, Inc. (OTCBB: CHWM), a leader in high speed broadband access in China, announced today a major milestone -- the beginning of revenue generation via the provision of broadband services to a commercial customer in Beijing. This news follows-up on CHWM's previous announcement of significantly enhancing its operations and potential customers in Beijing through a strategic agreement with Beijing's CJ Network, a Network Consultation and Service Company.
Under this Agreement, CJ Network will engineer and construct fibers from CHWM's 4th Ring Road fiber backbone for up to nine new business buildings. CJ Network will maintain fiber and in-building access to customers, and provide Tier-1 Quality Technical Support. Further, the agreement provides for CHWM to interconnect its 4th Ring Road fiber with CJ Network's 3rd Ring Road fiber network operations center, and will provide 700MB of Internet bandwidth.
This agreement also provides a framework for adding additional buildings, use of CHWM's wireless assets, a termination center for international VPN, as well as cooperative sales and revenue sharing.
Regarding this important milestone in the Company's operations in China, CHWM's Founder and Chairman, Dr. Allan Rabinoff, stated, "We are excited to take this next step in our ongoing operations in China -- and to gain access to a city-wide ISP license, which legally allows us to provide internet service to any and all customers in Beijing." CHWM's President and CEO Steven Berman added that "this contractual relationship with CJ Network is an important next step in growing our business presence in Beijing -- and putting us in the strategic position to enhance our service offerings to commercial customers needing high speed broadband internet services. It is also significant to report revenues from our operations in China."
Tuesday, August 10, 2010 - China Wi-MAX Communications Announces $10M Reserve Equity Financing Agreement with AGS Capital - China Wi-Max Communications, Inc. announces a Reserve Equity Financing Agreement with AGS Capital Group (AGS) in a commitment to purchase, over a period of two years, shares of China Wi-MAX common stock for cash consideration up to an aggregate of $10 million.
Steven Berman, President and CEO of China Wi-MAX, noted, “This funding plan will support China Wi-MAX’s current operations by providing the necessary capital to allow the execution of our Business Plan, both organically and through merger and acquisition activities, in the rapidly expanding broadband telecommunications market in China, and international data services market. AGS is a strong financial partner, with a track record of successfully helping companies grow. We look forward to working closely with them to build sustainable value for our shareholders through a significant global business.”
The Reserve Equity Financing provided by AGS represents cost effective and flexible financing that places China Wi-MAX in control of how and when it raises equity and debt.
China Wi-MAX will provide, through one or more of its wholly-owned foreign entities and joint venture companies, a diverse array of telecommunications and internet services to customers situated in buildings that are networked via its fiber and wireless assets. The Company anticipates acquiring emerging Internet companies, including value-added telecommunications and a fiber transport and engineering companies with high growth and profit potential.
A joint venture has been signed with a PRC authorized Internet Service Provider, which will provide China Wi-MAX access to additional buildings on Third Ring Road fiber in Beijing.
This agreement also provides a framework for serving additional buildings using China Wi-MAX wireless assets, with a termination center for international VPN, cooperating in sales and sharing revenue. China Wi-MAX anticipates utilizing financing of up to $200K to complete interconnection to China Wi-MAX’s Fourth Ring Road as well as bring new buildings onto the networks.
China Wi-MAX is in discussions to acquire a majority interest in a premier provider Wi-Fi Hotspot roaming access and settlement services for the major Chinese telecom operators and major International telecom operators. The services support roaming between carriers within China and for international partner’s clients traveling in China. The services are reciprocal for Chinese traveling internationally, currently estimated at eight million travelers a month. This transaction is expected to complete within 45 days, pending financing to support an investment commitment of up to $750K. China Wi-MAX expects this acquisition to potentially contribute up to 25% of its Five Year Pro Forma Plan.
China Wi-MAX has entered into various joint venture and cooperation agreements for fiber transport from Hong Kong to mainland China cities and local termination on China Wi-MAX metro fiber. The Company intends to invest in lighting dedicated fiber with network equipment resulting in exclusive rights to use. With this capital facility, China Wi-MAX anticipates utilizing $300K to $500K to fully build out these network elements and begin marketing of International Virtual Private Line Services.
Management
Steven T. Berman - President & CEO
Mr. Berman is a senior telecommunications executive with over 20 years of business and legal experience. In addition, he has served as corporate general counsel, operations manager, a regulatory and compliance strategist and as a contract negotiator. His background includes managing staff and operations in telecom companies and includes financial and manufacturing operations.
· President and CEO of First Capital Surety and Trust Company (formerly Morgan Chase Trust Company)
· Oversaw $200+ million regulated bank and trust company
· Led turnaround of bank and re-established it as a leader in its field
· National Rural Telecommunications Cooperative (NRTC) 1994-2004 In 1994 helped launch DIRECTV, the nation’s first high powered Satellite Dish Service
· Launched WildBlue Broadband Satellite, one of the nation’s first two-way satellite-delivered broadband internet services
· Senior Vice President, Business Affairs and General Counsel at NRTC and was also Corporate Secretary-Treasurer
· NRTC’s principal liaison with strategic partners, financiers and its largest customers
· Managed business relations and legal components of manufacturing, transport, storage, insurance and delivery of various telecommunication products and services – including Direct Broadcast Satellite, broadband, high-speed Internet access and wireless operations, warranty programs, and call center support
· Attorney admitted to the Wisconsin, Pennsylvania and District of Columbia Bars
· Juris Doctorate from the University of Wisconsin Law School, Madison, Wisconsin in 1987
· Washington, D.C., attorney involved with complex civil litigation
Dr. Allan Rabinoff - Chairman/China Business Development
· Dr. Rabinoff’ has 25 years of business experience in China and the Far East
· Extensive knowledge in doing business in China including important international commercial/personal relationships
· Involved in the area of telecommunications for the past fifteen years
· Served as a Principle in Intelligent Network Communications, LLC and IP2IP, LLC. which operated in the international telephone transport arena
· International experience in the areas of project identification, contract negotiation, cross-cultural team building, marketing, sales, Merger & Acquisition strategy, and business development.
· Ph.D. from the University of Maryland and a Masters and undergraduate degree from the University of Wisconsin
Frank Ventura Chief Financial Officer
· Over 25 years of experience in telecommunications.
· Twenty one years with Sprint during the “Growth Thru Acquisitions” period when over 147 companies were merged into Sprint.
· Executive Vice President Administration for two years with Sprint
· Vice President and Controller-Chief Accountant Officer at Sprint and responsible for Acquisition Studies and Audits, Accounting System Development, SEC, Consolidation, and Tax
· Served at Sprint as executive in charge of Flight Operations, System Wide Purchasing, Management Information Systems, Real-estate, and Internal Audit
· Served as Chief Financial Officer for St. Andrews Telecommunications Inc., and Blue Star Communications Inc. after leaving Spring
· Served as Executive Vice President and General Manager of Scott Rice, a large Contract Furniture Dealer
Dr. Iain Stewart - Chief Technology Officer
Dr. Stewart originally trained as a Physicist and Mathematician and has 28 years of experience in most aspects of system software development, telecommunications and radio transmission. His experience in developing communications protocols at every level of the OSI protocol stack helps guarantee network integrity, while his practical experience with the deployment of RF systems helps safeguard transmission integrity.
· PhD in Physics for developing a technique for measuring the conductivity of doped Germanium over a range of temperatures to 4.2K and developing the mathematical model necessary for the convergence of three theories of electrical conduction
· Wrote operating systems, middleware and data-communication protocols for major international corporations including Bell Labs in the 80's.
· Applied this expertise to research in data transport over interference-impaired radio channels which was then used for the evaluation of early digital cellular systems in the 90's
· During the last twelve years he deployed a CDMA network in the USA
· Subsequently, designed, engineered and deployed nation-wide LMDS networks in the Philippines, Switzerland and Holland and long-distance fiber network in Poland
· Involved in a $7.8B cable upgrade in Germany
Richard Kranitz - Senior Attorney
Richard A. Kranitz has been an attorney in private practice since 1970 emphasizing securities, banking and business law.
Prior to establishing Kranitz & Philipp formerly the Law Offices of Richard A. Kranitz he was with the Milwaukee law firms:
· Fretly & Kranitz (1982 to 1983)
· Habush, Gillich, Habush, Davis, Murphy Kraemer & Kranitz (1977 to 1978)
· McKay, Martin & Kranitz (1973-1976)
· Reinhart, Boerner, Van Deuren, Norris & Reiselbach, s.c. (1970 to 1973)
Mr. Kranitz served as Law Clerk to the Honorable Myron L. Gordon, U.S. District Court D. Wisconsin from 1969 to 1970. He is a 1969 graduate of the University of Wisconsin Law School. Mr. Kranitz is a director of the Grafton State Bank. He served as venture capital consultant to, and director of, various private companies and entrepreneur and has served at various times as a director of a number of professional, civic or charitable organizations.
Eric Hager - Executive Vice President
Mr. Hager is an original Internet entrepreneur and senior telecom executive with over 25 years of experience with the proven ability to make things happen in start-ups as well as large organizations. He possesses rare combination of technical acumen, strategic vision, and financial skills. He has serial successes in technology driven ventures and strategic M & A transactions.
Formerly, Mr. Hager was an owner and operator of Expedient Holdings USA, where he was the architect for Expedient’s fixed wireless, fiber, and copper based Ethernet transport services. Expedient won Supercomm’s 2005 Worldwide SuperQuest Award for Network Design and Services and Lightreading’s Leading Lights Award for Best Marketing campaign for Expedient’s “Ethernet Anywhere” service.
Prior, for Livingston Enterprises and Lucent Technologies, he led product strategy for: IP Service Switches, Media Gateways, and Metro Ethernet. For IP Services, he directed technical and financial due diligence for $1.5B of Lucent acquisitions. He led worldwide Service Provider Technical Marketing resulting in over $100M in contract awards throughout US, EMEA, and Asian markets. He developed the strategic relationship with Lucent Technologies subsequently leading to Lucent’s $600M acquisition of Livingston Enterprises. He was also awarded US and European Patents for Internet Call architectures in public networks.
Mr. Hager’s extensive international experience began as a student attending the Universidad de los Americas in Mexico and obtaining a bachelors degree in Philosophy from MERU in Seelisberg, Switzerland.
Dr Hongyi Li - Senior Engineer
Dr. Li is an expert in communication systems with more than 15 years of experience in telecommunications area. He currently works on Internet Multimedia Systems and Content Delivery Networks fields. He was a technical reviewer for the US National Telecommunications and Information Administration (NTIA) on Broadband Technology Opportunity Program (BTOP). He also served as a technical reviewer for National Science and Engineering Research Council of Canada. He is a senior member of IEEE Communication Society.
Prior to joining China Wi-Max, he worked as a senior system architect in Carrier Access Inc at Boulder Colorado, responsible for R&D on wireless backhaul transport equipment. From 1998 to 2006, he worked as a senior systems designer in Wireless Technology Labs of Nortel Networks Ottawa, Canada where he worked on various 3G-4G wireless systems research. He is also an expert on wireless system mobility management and wireless system performance evaluation. Priori joining Nortel Networks, he was a research fellow at Institute of Systems Science of National University of Singapore and focused on network multicast research to support multimedia communication over ATM/IP networks.
Dr. Li holds 5 US or International patents and 4 pending US patents. He received Ph.D. Eng. from University of Brussels, Belgium.
Green Baron Conclusion
China Wi-Max Communications reached a significant milestone this quarter by initiating revenue production. Delivery of internet service is an industry that is viral. It takes a great amount of time, effort and money to secure the licenses necessary to get into a target market, but once deployed the growth can be staggering.
The Green Baron Report believes the greatest markets to enter in the world for telecommunications are those in the major cities of China. China Wi-Max has spent the past several years focused on these markets and has successfully entered them. Now, the Company is positioned to reap the rewards at this critical time.
The Company’s “four city” plan is now under way with the launch of services this quarter in Beijing. CHWM is planning to launch operations in Hangzhou, Shanghai and Tianjin over the next 12-18 months. This “four-city” plan intends to cover up to 200,000 businesses by the end of 2015, a number that would bring significant profits to the Company and we believe massive gains to shareholders who accumulate at this price.
Contact:
Jim Prange
Director of Investor Relations
(920) 912-7444
TheGreenBaron.com • EvergreenMarketingInc.com • Disclaimer • Remove Me
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SO MUCH POTENTIAL - DO THE RIGHT THING - AND GOOD THINGS FOLLOW!
IT IS SO IMPORTANT TO DO THE RIGHT THING. CAN CHWM DO THAT?
LET's ALL HOPE SO!
Very exciting. Could NOT find the disclosure, could you Luk? Whew, I got a different share number and a few other factual discrepancies, as well but it is so great for the Company to get this coverage. I am hoping this exposure will help on so many levels!
November 19, 2010 there were 21,216,115 shares I found.
I do hope no one was misled! Not the 52 week low again, today and after this great, great coverage and excellent interview!
Well, we will wait on your optimistic pronouncements!
I guess CHWM getting ready to take care of some IMPORTANT issues.
I am very excited to see CHWM's New Year Future!!! I agree this is such a great Company!
I am SURE you are correct regarding the unfortunate year end selling but sometime priorities, backfire. It so so important to have your priorities straight and try to do the right thing. People should NOT sell, because it hurts the share price and that is such a bad thing.
Listening to the two interviews, I am just not sure how different the substance of this December 2010, interview of Hager was from the March 2010, Interview of Berman. What has changed? If you could help us all out to understand that, it might help across the board! (No pun intended.)
CHWM Interview last March, 2010:
http://gaskinsco.com/chwm-steven-b.mp3
CHWM Interview December 14, 2010
http://www.thegreenbaron.com/Webcasts.htm
Every one gets confused at times in their values and priorities.
Tuesday, December 14, 2010 – Before Market Open
Green Baron New “Stock Alert”
China Wi-Max Communications, Inc.
(OTCBB: CHWM - .07 per share)
Common Shares Outstanding / 19,545,115
Market Cap / $1.4 million
52-Week High / $.50
52-Week Low / $.05
Average Price / $.0847 (50-day) .1852 (200-day)
Average Volume / 16,488 (50-day) 24,078 (200-day)
CHWM Now Positioned to Deliver Wireless and Broadband Communications in China
Recently Elected Principal Officer Eric Hager Releases Inspiring New Letter to Investors
China Wi-Max Reaches Major Milestone through Start of Revenue Generation in Current Quarter via Provision of Broadband Services in Beijing
The Green Baron Views Believes CHWM Has Fundamentally Turned the Corner and Will Likely Stage a Big Rally as we head into New Year
Boy, we are still waiting on that one! But not to worry, a few trading days left!!!
Few can argue that China’s growth and sheer number of people represents a phenomenal opportunity to companies that have secured licenses in populous areas to provide broadband services. Today, The Green Baron Report has identified a Company that has these licenses and is now ready to jumpstart its revenues by “lighting up” buildings located in its network. We believe our timing is perfect now!
The Green Baron Report has selected China Wi-Max Communications, Inc. (OTCBB: CHWM) as our newest Green Baron “Stock Alert”, and we strongly suggest members [b[color=red]]accumulate the stock as close to our profile price as possible.[/color] Yes, that was $0.07 was it not?
Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at www.thegreenbaron.com and through email updates to members.
We have very aggressive price projections for China Wi-Max and believe the stock has huge upside potential based on several positive fundamental factors.
TRADER’S NOTES: CHWM is a fully registered and reporting company traded on both the OTC Bulletin Board. The stock is represented by several major market makers that typically keep the spread tight. Tight? 100%. We really need to tighten that spread up, right?
Although volume has been light to moderate of late, the stock has traded over 100,000 shares at least 10 times over the past year; a healthy number considering the relatively low number of shares outstanding and in the float.
CHWM has slowly declined all year so we believe it is under some pressure from shareholders who may be tax selling before year end. CHWM is just a few cents off the year-low.
Back at it lows today?
About China Wi-Max Communications, Inc.
China Wi-Max plans to build, own, and operate metropolitan area Internet Protocol (IP)-based broadband networks using a combination of Company-owned optical fiber and wireless spectrum. These networks are designed to provide the reliability, redundancy, scalability, and other features expected of a carrier class network. The Company intends to provide IP Transport, Internet Access, and value added services (VAS) in China. Furthermore, the Company plans to position itself as alternative transit facilities in and out of China, connecting enterprise customers directly to a global communications network providing managed Virtual Private LAN Services (VPLS) to U.S. companies.
Until recently, it was not possible for foreign investors to own a large portion of a Chinese company in the telecommunication industry. The opportunity for foreign companies to actively participate in the Chinese telecommunications market has only recently become a true reality. Foreign investors may now own up to 49% in basic telecommunication enterprises and up to 50% of value-added telecommunication enterprises.
CHWM has the necessary assets, subsidiaries, licenses, contracts and agreements to be a leading Chinese value added telecommunications provider in 2010 and beyond. This is a unique market position for the Company.
The Green Baron Report has identified the following reasons why we believe CHWM will start to perform strongly and should be actively accumulated:
· Revenues a Reality – In a press release announced October 27, 2010, China Wi-Max secured the beginning of revenue generation via the provision of broadband services to a commercial customer in Beijing. To further execute its agreement with CJ Network, CHWM plans to invest about $200,000 to interconnect and “light up” buildings located on its network.
· Huge Market Opportunity in Beijing - With its fiber network installed in Beijing, China Wi-Max is positioned to expand with the many large commercial buildings within reach of its 45-mile fiber ring around Beijing’s Fourth Ring Road. China Wi-Max is currently engaged in strategic negotiations with multi-tenant building owners and managers to provide broadband Internet access to those buildings and their tenants. It will use its government-licensed - wireless band at 5.8 GHz to extend broadband access eventually to most of Beijing.
· Eric Hager Accepts Role as Executive Vice President – An 8-K filing in early November notes that Mr. Hager accepted a more active role in the Company as its Executive Vice President. He is convinced that CHWN has the potential to be successful in the largest Internet market and beyond. His acceptance of this position indicates a major vote of confidence in the future of the Company.
· $10 Million Line of Credit – In August, 2010, a Reserve Equity Financing Agreement was announced with AGS Capital Group (AGS) in a commitment to purchase, over a period of two years, shares of China Wi-MAX common stock for cash consideration up to an aggregate of $10 million. The Reserve Equity Financing provided by AGS represents cost effective and flexible financing that places China Wi-MAX in control of how and when it raises equity and debt.
· Hangzhou, Shanghai, and Tianjin Markets - The Company has acquired fiber assets beyound Beijing in Hangzhou and option agreements to purchase fiber in Shanghai and Tianjin, six additional cities.
· Future Growth - China Wi-MAX plans to obtain additional wireless spectrum and fiber assets for the ten largest markets in China.
We believe CHWM stock is at an ideal accumulation point, and expect the shares to rally through the balance of the year and into January. This is an ideal situation where the stock is low and the fundamentals are turning. Tax loss selling has likely kept the stock from making a rally sooner. Revenues have now started and we expect to see massive growth over the coming quarters. It is hard to break into the market in China, but this management team has made it happen and is positioned to deliver.
Wi-MAX Technology Competitive Advantage
China Wi-MAX currently owns - fiber rings in Beijing and Hangzhou. These fiber networks run through business districts passing through large numbers of commercial customers per mile. Currently, fiber is out of reach for many businesses just a few blocks or miles away. Leveraging wireless technology for the last mile dramatically increases the number of potential customers and leverages the Company’s fiber network at a low cost, for a competitive advantage.
Access the China Telecom Market
Foreign investors may now own up to 49% in basic telecommunication enterprises and up to 50% of value-added telecommunication enterprises in China. China Wi-MAX has access and infrastructure in place to take advantage of this opportunity. China Wi-MAX has a significant presence in China.
China’s growth is not an accident. It is the result of both government policy and the fact that millions of Chinese individuals are entering the middle class and are using telecom services like Internet access and wireless phones.
China has already surpassed the U.S. as the largest market in the world for both Internet users and wireless phone subscribers. It is still growing quickly. During 2008, Internet users in China increased 41.9% to 298 million (Figure 3), with an Internet penetration rate of 22.6%, only slightly higher than the world average of 21.9% and ranking only 87th among all countries. Bottom Line: there is room for China’s growth to continue.
China’s Internet Growth:
The growth in wireless and Internet users in China has promoted the development of applications like business-to-business and business-to-consumer e-commerce, multimedia, voice over IP, hosted software applications and websites catering to Chinese users. The rapid development of these services not only increases the demand for bandwidth, but also drives demand for faster bandwidth, since China’s bandwidth speeds often still lag behind other countries. All of this feeds into an underserved market for more and more bandwidth and more capacity on the network.
China Wi-MAX Four City Plan
The Company plans to be operational in the 4th Quarter of 2010 and launch services in Beijing. Operational tests have been successfully demonstrated in 2010. CHWM is planning to launch operations in three additional cities, one by one, in the next 12-18 months. These three additional cities are Hangzhou, Shanghai and Tianjin. This “four-city” plan intends to cover up to 200,000 businesses by the end of 2015.
Beijing Market
China Wi-MAX is currently introducing service offerings to customers on its first fiber network in Beijing.
The Company has a team in place in its Beijing office to provide engineering, customer support and sales. Numerous marketing studies have been completed indicating that the market for high quality broadband connections in Beijing is under-served in capacity and quality of service. The Company’s network is designed to provide the reliability, redundancy, scalability and other features expected of a carrier class network.
Beijing Fourth Ring Road and China Wi-Max 45 Mile Fiber Ring
With its fiber network installed in Beijing, China Wi-MAX is positioned to expand with the many large commercial buildings within reach of its 45-mile fiber ring around Beijing’s Fourth Ring Road. China Wi-MAX is currently engaged in strategic negotiations with multi-tenant building owners and managers to provide broadband Internet access to those buildings and their tenants.
The 45-mile fiber ring, when combined with the licensed broadband wireless access, is especially valuable because further fiber development in the center of Beijing, which is inside China Wi-MAX’s fiber ring, is currently discouraged. China Wi-Max will use its government-licensed and - wireless band at 5.8 GHz to extend broadband access eventually to most of Beijing.
5.8GHz Wireless Access
CHWM intends to use 5.8 GHz wireless access to extend the reach of its fiber network (5 miles or more) by connecting buildings beyond the network to those on the fiber ring through roof-top wireless antennae. Using integrated optical fiber and wireless networks greatly increases the potential number of customers the Company can serve.
Hangzhou Market
In Hangzhou the intention is to develop and grow a significant, recurring revenue stream based on the success of the fiber and wireless model being established in Beijing.
Hangzhou Municipality is divided into eight districts (six urban, two suburban), three county-level cities, and two counties. The central six urban districts occupy 682 km² (263.4 mi²) and have a population of over 2 million. The two suburban districts occupy 2,642 km² (1020 mi²) and have over 2 million people. Hangzhou’s industries have traditionally involved textile, silk and machinery, but electronics and other light industries are developing, especially since the start of the new open economy in 1992.
China Wi-MAX currently owns fiber with access to wireless spectrum. Hangzhou has a population approaching 7 million people.
Shanghai Market Agreement to Purchase 150 Kilometers (90 miles) of Fiber
China Wi-MAX is also licensed by the government to use its wireless 5.8 GHz spectrum in Shanghai which is the largest city in China and one of the largest metropolitan areas in the world, with over 20 million people.
An agreement has been reached, through its wholly-owned foreign entity subsidiary, Yuan Shan Shi Dai Technology Development Company (“Shi Dai”), to purchase 150 Kilometers (90 miles) of fiber throughout Shanghai.
In Shanghai, China Wi-MAX intends to purchase its four Core fiber ring. Initially, the network will be built as a redundant Ethernet Backbone. In the future with no changes to the fiber, WDM (Wave Division Multiplexing) and DWDM (Dense WDM) can push this to significantly higher limits.
This bandwidth can easily service well over 1,000 of Shanghai’s most desirable buildings. As in preceding China Wi-Max markets, the core network can be dramatically extended over Licensed 5.8GHZ wireless network. The ability to expand coverage using point-to-point links over fixed wireless broadband network , will further enhance customer penetration at remarkably low cost, which presents significant additional potential for more revenue and greater profits for the Company.
International Access to China Telecom Market
Since China’s admission to the World Trade Organization (WTO), the number of U.S.-based companies operating and making direct investments in China has boomed. This has resulted in a significantly enhanced need for data services between the United States and China. Large multi-national companies with a significant presence in the United States — and directly operating in China or outsourcing manufacturing there — have high bandwidth needs that are presently very difficult to provision, manage, and very expensive.
Most U.S. companies have preferred telecom vendors (ATT, Verizon, etc). However, these vendors, at this time, are not permitted to terminate directly on mainland China. All data lines entering China must terminate first on an official carrier such as China Telecom or China Netcom. This is even true for US joint venture partners for the new fiber route, the Trans Pacific Express. Even if U.S. telecom companies could overcome this initial obstacle they still are disadvantaged in getting from a point of entry to the local loop of the customer. The result is a multi-vendor segmented link that makes it difficult to coordinate customer installations, and often lacks enforceable “service level agreements” (SLAs).
CHWM sees this problem as a significant market opportunity. With established relationships and agreements, the Company intends to break through the barriers other U.S. based companies have in provisioning services end-to-end between the U.S. and China. This could greatly expand the Company’s service offerings from local access to extended end-to-end Virtual Private LAN Service (VPLS), with associated increases in revenue.
The market opportunity for U.S. to China VPLS (Virtual Private LAN Service) is another significant revenue opportunity. The ARPU (Average Revenue Per Unit) for services in the “four-city” model are in the range of $200 to $6,000 per month. The pricing for VPLS service from the U.S. to China competitively ranges from $13,500 (for a 10MB link) and $82,500 (for a 100MB link). Even a small number of customers of these high value services will be a significant revenue contributor CHWM’s operating plan.
The U.S. to China VPLS is based on the experience and unique relationships of the Company’s leadership. CHWM intends to extend the local loop advantage through the ingress and egress challenges of mainland transport facilities and regulations. Furthermore, China Wi-Max has entered into agreements that provide fiber access to 2.5 Gbp currently and can be expanded in the future to 10Gbps and 100Gbps via dual, as in a protected, fiber connection between Hong Kong and mainland China, closing one of the most difficult challenge in provisioning to China.
Strategic Acquisitions and Joint Ventures
CHWM’s operating plan assumes that the revenue growth will be through the direct sales and marketing efforts of our Chinese partner companies and US based marketing leadership. However, CHWM’s plan is expected to be significantly accomplished through acquisitions and joint ventures. Directing upward to 60% of capital toward acquisitions and joint ventures in this manner will significantly accelerate the Company’s model for reaching positive cash flow. In fact, the Company has entered into Letter of Intents (LOIs) and Memorandum of Understandings (MOUs) pending funding of CHWM capital plan.
Key Press Releases
Wednesday, November 3, 2010 – (Excerpt from 8-K filing) - Election of Principal Officer - At its meeting on October 28, 2010 the board of directors of China Wi-Max Communications, Inc., elected Eric Hager as Executive Vice President. Mr. Hager has served on the Board of Advisors of China WI-Max Communications, Inc. since March of 2009.
Eric Hager has had 25 years of experience as an Internet entrepreneur and senior telecom executive with emphasis on technology driven ventures and strategic merger and acquisition transactions. From 1995 to 1997, he led Business Development for Livingston Enterprises, where he developed a relationship with Lucent Technologies that led to Lucent’s $600M acquisition of Livingston Enterprises. From 1997 to 2001, he was employed by Lucent Technologies, where he directed technical and financial due diligence reviews for $1.5 billion of Lucent acquisitions and led worldwide Service Provider Marketing for the Remote Access Business Unit. From 2001 to 2003 he was an advisor to Expedient Holdings USA, and became an owner and Executive Vice President of Corporate Development, from 2003 through 2005, where he architected Expedient’s award winning broadband wireless and fiber services. He has been an Advisor to China Wi-Max since March 2009. Mr. Hager earned his B.S. degree in Philosophy from MERU in Seelisberg, Switzerland.
Wednesday, October 27, 2010 - CHWM Expands Customer Base, Network, and Operations in Beijing via CJ Network Deal - DENVER, CO and GRAFTON, WI and BEIJING -- (MARKET WIRE) - China Wi-Max Communications, Inc. (OTCBB: CHWM), a leader in high speed broadband access in China, announced today a major milestone -- the beginning of revenue generation via the provision of broadband services to a commercial customer in Beijing. This news follows-up on CHWM's previous announcement of significantly enhancing its operations and potential customers in Beijing through a strategic agreement with Beijing's CJ Network, a Network Consultation and Service Company.
Under this Agreement, CJ Network will engineer and construct fibers from CHWM's 4th Ring Road fiber backbone for up to nine new business buildings. CJ Network will maintain fiber and in-building access to customers, and provide Tier-1 Quality Technical Support. Further, the agreement provides for CHWM to interconnect its 4th Ring Road fiber with CJ Network's 3rd Ring Road fiber network operations center, and will provide 700MB of Internet bandwidth.
This agreement also provides a framework for adding additional buildings, use of CHWM's wireless assets, a termination center for international VPN, as well as cooperative sales and revenue sharing.
Regarding this important milestone in the Company's operations in China, CHWM's Founder and Chairman, Dr. Allan Rabinoff, stated, "We are excited to take this next step in our ongoing operations in China -- and to gain access to a city-wide ISP license, which legally allows us to provide internet service to any and all customers in Beijing." CHWM's President and CEO Steven Berman added that "this contractual relationship with CJ Network is an important next step in growing our business presence in Beijing -- and putting us in the strategic position to enhance our service offerings to commercial customers needing high speed broadband internet services. It is also significant to report revenues from our operations in China."
Tuesday, August 10, 2010 - China Wi-MAX Communications Announces $10M Reserve Equity Financing Agreement with AGS Capital - China Wi-Max Communications, Inc. announces a Reserve Equity Financing Agreement with AGS Capital Group (AGS) in a commitment to purchase, over a period of two years, shares of China Wi-MAX common stock for cash consideration up to an aggregate of $10 million.
Steven Berman, President and CEO of China Wi-MAX, noted, “This funding plan will support China Wi-MAX’s current operations by providing the necessary capital to allow the execution of our Business Plan, both organically and through merger and acquisition activities, in the rapidly expanding broadband telecommunications market in China, and international data services market. AGS is a strong financial partner, with a track record of successfully helping companies grow. We look forward to working closely with them to build sustainable value for our shareholders through a significant global business.”
The Reserve Equity Financing provided by AGS represents cost effective and flexible financing that places China Wi-MAX in control of how and when it raises equity and debt.
China Wi-MAX will provide, through one or more of its wholly-owned foreign entities and joint venture companies, a diverse array of telecommunications and internet services to customers situated in buildings that are networked via its fiber and wireless assets. The Company anticipates acquiring emerging Internet companies, including value-added telecommunications and a fiber transport and engineering companies with high growth and profit potential.
A joint venture has been signed with a PRC authorized Internet Service Provider, which will provide China Wi-MAX access to additional buildings on Third Ring Road fiber in Beijing.
This agreement also provides a framework for serving additional buildings using China Wi-MAX wireless assets, with a termination center for international VPN, cooperating in sales and sharing revenue. China Wi-MAX anticipates utilizing financing of up to $200K to complete interconnection to China Wi-MAX’s Fourth Ring Road as well as bring new buildings onto the networks.
China Wi-MAX is in discussions to acquire a majority interest in a premier provider Wi-Fi Hotspot roaming access and settlement services for the major Chinese telecom operators and major International telecom operators. The services support roaming between carriers within China and for international partner’s clients traveling in China. The services are reciprocal for Chinese traveling internationally, currently estimated at eight million travelers a month. This transaction is expected to complete within 45 days, pending financing to support an investment commitment of up to $750K. China Wi-MAX expects this acquisition to potentially contribute up to 25% of its Five Year Pro Forma Plan.
China Wi-MAX has entered into various joint venture and cooperation agreements for fiber transport from Hong Kong to mainland China cities and local termination on China Wi-MAX metro fiber. The Company intends to invest in lighting dedicated fiber with network equipment resulting in exclusive rights to use. With this capital facility, China Wi-MAX anticipates utilizing $300K to $500K to fully build out these network elements and begin marketing of International Virtual Private Line Services.
Management
Steven T. Berman - President & CEO
Mr. Berman is a senior telecommunications executive with over 20 years of business and legal experience. In addition, he has served as corporate general counsel, operations manager, a regulatory and compliance strategist and as a contract negotiator. His background includes managing staff and operations in telecom companies and includes financial and manufacturing operations.
· President and CEO of First Capital Surety and Trust Company (formerly Morgan Chase Trust Company)
· Oversaw $200+ million regulated bank and trust company
· Led turnaround of bank and re-established it as a leader in its field
· National Rural Telecommunications Cooperative (NRTC) 1994-2004 In 1994 helped launch DIRECTV, the nation’s first high powered Satellite Dish Service
· Launched WildBlue Broadband Satellite, one of the nation’s first two-way satellite-delivered broadband internet services
· Senior Vice President, Business Affairs and General Counsel at NRTC and was also Corporate Secretary-Treasurer
· NRTC’s principal liaison with strategic partners, financiers and its largest customers
· Managed business relations and legal components of manufacturing, transport, storage, insurance and delivery of various telecommunication products and services – including Direct Broadcast Satellite, broadband, high-speed Internet access and wireless operations, warranty programs, and call center support
· Attorney admitted to the Wisconsin, Pennsylvania and District of Columbia Bars
· Juris Doctorate from the University of Wisconsin Law School, Madison, Wisconsin in 1987
· Washington, D.C., attorney involved with complex civil litigation
Dr. Allan Rabinoff - Chairman/China Business Development
· Dr. Rabinoff’ has 25 years of business experience in China and the Far East
· Extensive knowledge in doing business in China including important international commercial/personal relationships
· Involved in the area of telecommunications for the past fifteen years
· Served as a Principle in Intelligent Network Communications, LLC and IP2IP, LLC. which operated in the international telephone transport arena
· International experience in the areas of project identification, contract negotiation, cross-cultural team building, marketing, sales, Merger & Acquisition strategy, and business development.
· Ph.D. from the University of Maryland and a Masters and undergraduate degree from the University of Wisconsin
Frank Ventura Chief Financial Officer
· Over 25 years of experience in telecommunications.
· Twenty one years with Sprint during the “Growth Thru Acquisitions” period when over 147 companies were merged into Sprint.
· Executive Vice President Administration for two years with Sprint
· Vice President and Controller-Chief Accountant Officer at Sprint and responsible for Acquisition Studies and Audits, Accounting System Development, SEC, Consolidation, and Tax
· Served at Sprint as executive in charge of Flight Operations, System Wide Purchasing, Management Information Systems, Real-estate, and Internal Audit
· Served as Chief Financial Officer for St. Andrews Telecommunications Inc., and Blue Star Communications Inc. after leaving Spring
· Served as Executive Vice President and General Manager of Scott Rice, a large Contract Furniture Dealer
Dr. Iain Stewart - Chief Technology Officer
Dr. Stewart originally trained as a Physicist and Mathematician and has 28 years of experience in most aspects of system software development, telecommunications and radio transmission. His experience in developing communications protocols at every level of the OSI protocol stack helps guarantee network integrity, while his practical experience with the deployment of RF systems helps safeguard transmission integrity.
· PhD in Physics for developing a technique for measuring the conductivity of doped Germanium over a range of temperatures to 4.2K and developing the mathematical model necessary for the convergence of three theories of electrical conduction
· Wrote operating systems, middleware and data-communication protocols for major international corporations including Bell Labs in the 80's.
· Applied this expertise to research in data transport over interference-impaired radio channels which was then used for the evaluation of early digital cellular systems in the 90's
· During the last twelve years he deployed a CDMA network in the USA
· Subsequently, designed, engineered and deployed nation-wide LMDS networks in the Philippines, Switzerland and Holland and long-distance fiber network in Poland
· Involved in a $7.8B cable upgrade in Germany
Richard Kranitz - Senior Attorney
Richard A. Kranitz has been an attorney in private practice since 1970 emphasizing securities, banking and business law.
Prior to establishing Kranitz & Philipp formerly the Law Offices of Richard A. Kranitz he was with the Milwaukee law firms:
· Fretly & Kranitz (1982 to 1983)
· Habush, Gillich, Habush, Davis, Murphy Kraemer & Kranitz (1977 to 1978)
· McKay, Martin & Kranitz (1973-1976)
· Reinhart, Boerner, Van Deuren, Norris & Reiselbach, s.c. (1970 to 1973)
Mr. Kranitz served as Law Clerk to the Honorable Myron L. Gordon, U.S. District Court D. Wisconsin from 1969 to 1970. He is a 1969 graduate of the University of Wisconsin Law School. Mr. Kranitz is a director of the Grafton State Bank. He served as venture capital consultant to, and director of, various private companies and entrepreneur and has served at various times as a director of a number of professional, civic or charitable organizations.
Eric Hager - Executive Vice President
Mr. Hager is an original Internet entrepreneur and senior telecom executive with over 25 years of experience with the proven ability to make things happen in start-ups as well as large organizations. He possesses rare combination of technical acumen, strategic vision, and financial skills. He has serial successes in technology driven ventures and strategic M & A transactions.
Formerly, Mr. Hager was an owner and operator of Expedient Holdings USA, where he was the architect for Expedient’s fixed wireless, fiber, and copper based Ethernet transport services. Expedient won Supercomm’s 2005 Worldwide SuperQuest Award for Network Design and Services and Lightreading’s Leading Lights Award for Best Marketing campaign for Expedient’s “Ethernet Anywhere” service.
Prior, for Livingston Enterprises and Lucent Technologies, he led product strategy for: IP Service Switches, Media Gateways, and Metro Ethernet. For IP Services, he directed technical and financial due diligence for $1.5B of Lucent acquisitions. He led worldwide Service Provider Technical Marketing resulting in over $100M in contract awards throughout US, EMEA, and Asian markets. He developed the strategic relationship with Lucent Technologies subsequently leading to Lucent’s $600M acquisition of Livingston Enterprises. He was also awarded US and European Patents for Internet Call architectures in public networks.
Mr. Hager’s extensive international experience began as a student attending the Universidad de los Americas in Mexico and obtaining a bachelors degree in Philosophy from MERU in Seelisberg, Switzerland.
Dr Hongyi Li - Senior Engineer
Dr. Li is an expert in communication systems with more than 15 years of experience in telecommunications area. He currently works on Internet Multimedia Systems and Content Delivery Networks fields. He was a technical reviewer for the US National Telecommunications and Information Administration (NTIA) on Broadband Technology Opportunity Program (BTOP). He also served as a technical reviewer for National Science and Engineering Research Council of Canada. He is a senior member of IEEE Communication Society.
Prior to joining China Wi-Max, he worked as a senior system architect in Carrier Access Inc at Boulder Colorado, responsible for R&D on wireless backhaul transport equipment. From 1998 to 2006, he worked as a senior systems designer in Wireless Technology Labs of Nortel Networks Ottawa, Canada where he worked on various 3G-4G wireless systems research. He is also an expert on wireless system mobility management and wireless system performance evaluation. Priori joining Nortel Networks, he was a research fellow at Institute of Systems Science of National University of Singapore and focused on network multicast research to support multimedia communication over ATM/IP networks.
Dr. Li holds 5 US or International patents and 4 pending US patents. He received Ph.D. Eng. from University of Brussels, Belgium.
Green Baron Conclusion
China Wi-Max Communications reached a significant milestone this quarter by initiating revenue production. Delivery of internet service is an industry that is viral. It takes a great amount of time, effort and money to secure the licenses necessary to get into a target market, but once deployed the growth can be staggering.
The Green Baron Report believes the greatest markets to enter in the world for telecommunications are those in the major cities of China. China Wi-Max has spent the past several years focused on these markets and has successfully entered them. Now, the Company is positioned to reap the rewards at this critical time.
The Company’s “four city” plan is now under way with the launch of services this quarter in Beijing. CHWM is planning to launch operations in Hangzhou, Shanghai and Tianjin over the next 12-18 months. This “four-city” plan intends to cover up to 200,000 businesses by the end of 2015, a number that would bring significant profits to the Company and we believe massive gains to shareholders who accumulate at this price.
Contact:
Jim Prange
Director of Investor Relations
(920) 912-7444
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