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OTC Journal Members:
Wi-Fi Company is Born
On June 13, 2003, publicly traded
entered into a purchase agreement to buy 100% of Irvine, California based
Network Installation Corp. FlexTech, which only had 500,000 shares
issued and outstanding at the time and no active operations, issued 7.382
million shares of its common stock to complete the transaction. In effect,
from that day forward, FlexTech was transformed into Network Installation
Corp and was given new life. This transaction is commonly known
as a "reverse take over " or RTO. You can read about RTOs on our web site.
Just click on the "What
is a Reverse Takeover" button on the right hand menu bar at our home
To date, this transaction has been
totally unpublicized. The readers of the OTC Journal are the first
to learn of it and the first to receive any information on this exciting
NetWork Installation Corp,
formerly a private company, has a six year history as one of the premier
networking technology companies in Southern California. Their existing
customer base reads like a Who's Who of businesses in California. With
a press release issued Friday just after the market closed, NetWork
Installation will be expanding dramatically into the burgeoning business
of Wi-Fi as the high growth engine of an already existing solid
business. This is the hottest group in the stock market today.
Corp (OTC BB: NWIS) - A Solid History
NetWork Installation has been
in business since 1997. The company is one stop shopping for anyone's corporate
technology needs. Their services include network design, structured cabling,
video systems, voice products, network electronics, telephony systems,
wi-fi, and access control.
As it exists today, NetWork Installation
is on track to deliver $2.5 to $3 million in revenues this calendar
year. They have positive cash flow from operations.
Their early customers were K-12 school
systems. They have expanded dramatically in the last several years. Here's
a list of their current existing customer base. I'm sure you will agree,
it is impressive:
NetWork is considered the premier
source in Southern California for any business or institution's technology
needs. Want a video conferencing system? they will install it. Want a broadband
network? they will install it. Want a Wi-Fi hot spot on Campus-
they will install it and maintain all of it. You can visit their corporate
web site at www.networkinstallationcorp.com.
Los Angeles County
Nearly every school district in LA,
Orange, and San Diego Counties
Safeway and Vons
and many more (that's enough for now)
Expansion To Wi-Fi - It Starts Now
On Friday, just after the market
closed, NetWork Installation announced they had been approved by
(NYSE: MOT) to become an Authorized CanopyTM Solutions Provider.
Click Here to learn
more about Motorola Canopy.
The Motorola Canopy, which
you see pictured here, is the latest and most powerful generation of Wi-Fi
infrastructure technology. This device was 10 years in design and testing,
is very easy and inexpensive to install, and very powerful.
Unlike the "Hot Spots" you see at
places like Starbucks where the broadband internet access range is only
about 300 feet, the new Motorola Canopy has a line of sight range
of two miles.
NetWork Installation is now
going to start moving into the WISP business (Wireless Internet
Service Provider). With the Motorola Canopy as their infrastructure
backbone, NetWork can provide broadband internet access for homes
and businesses very inexpensively. Broadband access for speeds equivalent
to T-1 can be provided to customers for as little as $400 per month. Cable
modem speeds can be easily provided to households with no hard wiring required.
As I stated last weekend, NetWork
Installation is a Wi-Fi idea no one knows about. You are the
first. The company's business history, expertise and solid customer base
offer protection against the downside risk. The expansion into the Wi-Fi
market offers unlimited upside potential.
There are just under 11 million shares
issued and outstanding, but only 450,000 are publicly traded as of this
time. This stock could be quite volatile as the audience grows and it begins
Wi-Fi is in its infancy. It
reminds me of analog cellular in the early days without the enormous upfront
infrastructure costs. WISPs are ideal for the millions of internet
users in rural areas who do not have broadband access. I described in last
weekend's edition on the Wi-Fi revolution. Click
here to read that edition if you missed it.
I haven't included a chart of the
stock because there is no trading history to look at. Basically, the stock
is about $1 and has been for a few months. Volume is extremely limited
as no one knows about it. There isn't much information published on the
company yet- but it's coming.
I strongly recommend you establish
an initial position in this stock immediately. There will be a lot of corporate
activity over the coming months as the company expands into the Wi-Fi
arena setting up both WISPs and installing Wi-Fi infrastructures
for their massive existing customer base.
Once you have your initial position,
you can always add to it as events unfold. I wanted to be certain OTC
Journal members knew about this one before anyone else.
Here is the complete text of Friday's
news release For Your Review:
Corp. Secures Agreement With Motorola To Offer Wi-Fi Solutions
PR Newswire via COMTEX
Aug 1, 2003 5:37:00 PM
IRVINE, Calif., Aug 1,
2003 /PRNewswire-FirstCall via COMTEX/ --
Corp. (OTC Bulletin Board: NWIS) announced today that it has been approved
by Motorola (NYSE: MOT) to become an Authorized Canopy(TM) Solutions Provider.
The Canopy's wireless
broadband platform includes an independent community-sized access point
with an approximately two-mile reach, which can be extended up to 10 miles
and can allow users access to broadband internet where traditional phone
and cable companies do not offer service. Because of its low capital cost,
The Canopy is an affordable solution for businesses and individuals seeking
the quantum leap from dial-up to broadband. Its upload and download speeds
are faster than other types of broadband such as DSL, ISDN, cable or satellite
and with its over-the-air encryption capabilities, The Canopy scrambles
data bits which prevents interception.
According to recent industry
research, only 33% of U.S. based end users are equipped with broadband
internet access. Network Installation CEO Michael Cummings stated, 'These
demographics present a tremendous opportunity for us to assume a leadership
position in the installation of Wi-Fi infrastructure which will now allow
home and office users in suburban and rural locations, access to high speed
internet transmission over a secure wireless system.'He added, 'The execution
of this agreement with Motorola thrusts us directly into the hyper growth
wireless broadband market.'
About Network Installation
Corp., is one of Southern California's leading independent designers and
installers of wired and wireless networks. The Company is also focused
on infrastructure opportunities within the Wi-Fi marketplace. Some of Network's
clients include; IBM, Cisco Systems, The Travelers, UPS, University of
Southern California, UCLA, The Counties of Los Angeles and Orange, among
other Fortune 1000 companies and highly regarded institutions. Additional
information on Network Installation can be found at www.networkinstallationcorp.com.
The Company's public financial information and filings can be viewed at
Motorola is a global
leader in wireless, automotive and broadband communications. Motorola solutions
wireless telephone and messaging, two-way radio products and systems, as
well as networking and Internet-access products, for consumers, network
operators and commercial, government and industrial customers. end-to-end
systems for the delivery of interactive digital video, voice and high-speed
data solutions for broadband operators;
-- Embedded semiconductor
solutions for customers in wireless communications, networking and transportation
-- Integrated electronic
systems for automotive, Telematics, industrial, telecommunications, computing
and portable energy systems markets.
on Motorola can be found at www.motorola.com.
This release contains
forward-looking statements within the meaning of Section 27a of the Securities
Act of 1933, as amended and section 21e of the Securities Exchange Act
of 1934, as amended. Those statements include the intent, belief or current
expectations of the company and its management team. Prospective investors
are cautioned that any such forward-looking statements are not guarantees
of future performance and involve risks and uncertainties, and that actual
results may differ materially from those projected in the forward-looking
statements as a result of various factors. Accomplishing the strategy described
herein is significantly dependent upon numerous factors, many of which
are not in management's control. Some of these factors include the ability
of the company to raise sufficient capital, attract qualified management,
attract new customers, and effectively compete against similar companies.
SOURCE Network Installation
Michael Novielli, +1-203-791-3838,
for Network Installation Corporation
Copyright (C) 2003 PR
Newswire. All rights reserved.
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