you can see what good news does for a company. HS3 Technologies, Inc. Enters into Enterprise Wholesaler Agreement with Ka-band Satellite Provider WildBlue Communications, Inc. HS3 Technologies Inc. (HS3) (OTCBB:HSTT) is pleased to announce the company has entered into an Enterprise Wholesaler Agreement with Ka-band satellite provider WildBlue Communications, Inc. (WB). The contract is effective January 17, 2006 and extends for 18 months with renewable terms. This agreement provides HS3 to become a Value Added Retailer for WB services.
WildBlue is a leading satellite internet company providing cost-effective high-speed data services to rural homes and businesses in underserved or unserved communities in the continental United States. WildBlue successfully launched its first satellite in July 2004. WildBlue's always-on satellite broadband internet connection provides speeds that are comparable to DSL and cable modem while overcoming the costly "last-mile" issues that have not reached rural communities.
This agreement provides HS3 the cost-effective satellite platform to deploy its proprietary product offering and advanced wireless technologies providing real-time security and monitoring solutions to the Homeland Defense Sector, oil and gas industry, hotels and many other industries. The deployment of HS3's product offering is ideal for the securing and monitoring of transit systems, border and sea ports as well as other vital US infrastructure assets in rural communities such as chemical plants, atomic energy facilities, oil and gas pipelines, refineries, etc.
Mr. Mark Lana, CEO of HS3 Technologies stated, "The closing of this agreement is a watershed event for our company and we are extremely pleased. We now have a high-speed, cost-effective 'pipe' that we will combine with our product offering to bring broadband services and surveillance to virtually every corner of the continent. Cost structure has always been the major obstacle for the ubiquitous deployment of broadband. We have now overcome this barrier giving HS3 a competitive advantage in the marketplace and will result in increased shareholder value. We look forward to a working with and a long-term relation with WildBlue Communications."
About HS3 Technologies
HS3 provides 'best of breed' proprietary homeland security surveillance products that broadcast real-time video and data on the new cost-effective, higher-speed satellite Ka-band. HS3 products coupled with the Ka-band platform provides customers with a complete, one-stop solution to current and future high-speed internet and surveillance needs. HS3 can supply high-speed satellite internet access and integrated security technologies to any location in the country, at higher speeds and lower costs. The combination of technologies, in an integrated system, is capable of securely transmitting information, high speed internet, random numerical biometric authorization and remote security systems for multiple users at distant locations is unique and gives HS3 a competitive advantage. For more information visit http://www.HS3tech.com
Forward Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the renewal of our agreement with WildBlue, our ability to offer advanced wireless technologies, integrated with high-speed Internet via satellite, to provide real-time security and monitoring solutions, and our ability to securely transmit information, high speed internet, random numerical biometric authorization and remote security systems for multiple users at distant locations.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with the development of an early stage technology company and its products and the entry into new markets for our products and services. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic and current reports filed from time-to-time with the Securities and Exchange Commission.
HS3 Technologies, Inc., Denver Mark Lana, 303-455-2550 http://www.hs3tech.com or Investor Relations: Phoenix IR Tony Drake, 866-485-7645 or Media Contact: The Catalyst Group, Inc. Enrique Salinas, 727-796-2555 e@ideasonfire.com
Source: Business Wire (January 18, 2006 - 10:30 AM EST)
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