OneFi Technology, Inc. Announces Its Commitment to Native American Communities
LOS ANGELES, CA, May 18, 2009 (MARKETWIRE via COMTEX) --
Company: One Fi Technology Inc (ONFI)
OneFi Technology, Inc. (PINKSHEETS: ONFI) has executed an agreement with the Navajo Nation to build and deploy its WiMax technology to the Navajo community. The contract is valued at $20,000,000 when installed. Tom White, CFO at OneFi, says, "I have worked very closely with our people to develop this project and I am very excited about moving this forward. We can deliver the network to meet the needs of the Navajo community."
Mr. DJ Martinez, representing OneFi to the Navajo Nation, has managed the process and he states, "The 600 square mile Navajo Nation Reservation needs to be connected and allowed access to broadband internet through a 21st century communications network." OneFi will use the model developed with this project to expand its commitment to other Native American communities and rural areas.
About OneFi Technology, Inc.
OneFi Technology Inc. is a WiMax company developing broadband networks that are capable of 4G compatible. OneFi Technology's focus is on rural communities and developing countries. WiMax is a wireless technology for the delivery of broadband internet.
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This press release contains certain "forward-looking statements" within the meaning of federal securities laws including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. Although the Company believes that the statements were reasonable when made, these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
Contact: OneFi Technology, Inc. Investor Relations Tom White Email Contact
SOURCE: OneFi Technology, Inc.
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Company: One Fi Technology Inc (ONFI)
Related terms: bandwidth, communications, community, environment, federal, government, internet, products, securities, technology, track, wireless
