Monday, February 07, 2011 2:47:41 PM
In addition to our mg3 mobileTM wireless rich-content delivery product, we plan to deploy local multipoint distribution service (LMDS), a critical last mile broadband wireless connectivity system between fixed points on the broadband network backbone (satellite, cable or fiber) and multiple subscriber locations (offices, houses or apartment buildings) over wireless connections, thereby eliminating the need for costly fiber and cable extensions. The technology is engineered to be highly cost effective and scalable for growing subscriber coverage and additional services. We believe that no other company is able to offer the same or similar bandwidth and high frequency. (See, p.14).
Since our inception in 2005, we have not received any funds from the issuance of common stock, but we have received from time to time advances and funds in the form of convertible debt from our Chief Executive Officer and other parties. (See, p.18).
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=43636
I am not a financial advisor and any of my opinions or comments should not be construed as investment advice.
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