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Road Wings' (RDWG) Funding Partner OneFi Technology Details Financial Impact -- Jamaica PDF Print E-mail
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Monday, 04 August 2008

Road Wings, Inc. (PINKSHEETS: RDWG) announced updates regarding the previous news that its funding partner, OneFi Technology, Inc., has been approved and has currently acquired a full Telco operating license for the Island Nation of Jamaica. OneFi Technology networks broadband signal will allow the citizens of Jamaica to access the internet at speeds up to 104 mbps. Additionally, the network will allow for VoIP, IPTV and first run movie downloads. The network design allows for ready expansion and Dr. Al Omran, the CTO of OneFi Technology, states, "Today's networks must allow for constant upgrades and the OneFi WiMax/ WiFi network gives us an opportunity to capitalize on easy upgrades at a minimum of expense."

As promised in the original Jamaica acquisition announcement, the specific operating license details would allow OneFi access to the existing 200,000,000 minutes per month of international origination and termination business which currently exists between the USA and the Island Nation of Jamaica. Mr. V. Pierson, VP for OneFi who negotiated the license, said, "The initial startup revenues to OneFi should exceed $1,000,000 the first year, and as it expands throughout the Island, substantially more."

The standard network allows for 802.11b-g, but the OneFi Technology network design incorporates WiMax 801.16e signal which will go as far as twenty miles. Also, OneFi Technology uses 802.11b-g and n to allow last mile user access. OneFi will also be installing its IPTV in beta format in Jamaica with users on a new technical platform. Many residences in Jamaica only have had access to traditional landline access because of pricing or lack of accessibility in the Island Nation.

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligations to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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