AirRover Wi-Fi Forms Wireless Security, Surveillance and Access Control Division
New Initiative to Capitalize on Existing Wi-Fi Hotspot Platform
BATON ROUGE, La.--(BUSINESS WIRE)--July 14, 2004--AirRover Wi-Fi Corp. (formerly Air-Q Wi-Fi Corporation) (OTCBB:AVWF), a Wi-Fi (wireless fidelity) Internet access provider, today announced the formation of its new Wireless Security, Surveillance and Access Control division. This new division is to implement the company's strategy of employing its current and future Wi-Fi hotspots as the platform into which affordable, next-generation Wi-Fi-based security and surveillance systems and devices can be integrated. AirRover hopes to achieve Wi-Fi security products sales success by offering its affordable and flexible security solutions.
"With the increasing availability of affordable Wi-Fi-based security products, we believe the security and surveillance market is a perfect complement to our Wi-Fi hotspot Internet access operations," said David Loflin, AirRover's president.
According to Deepak Shetty, an analyst at Frost & Sullivan, an independent market-research firm based in San Jose, CA, the security industry has grown 13% over the past two years, with Mr. Shetty predicting compound annual growth of 10% to 12% over the next seven years. Said Mr. Shetty, "This has been a growing market. People are more aware of security since 9/11. We've seen a lot of companies entering the security market, such as General Electric and a lot of multinationals. We also see new companies coming in as corporations are investing to create new systems or make existing systems more robust."
About AirRover Wi-Fi Corp.
AirRover Wi-Fi Corp. (formerly Air-Q Wi-Fi Corporation) is a development-stage company that develops and operates wireless Internet access systems. It provides Wi-Fi Internet access in Louisiana, Arizona, Maryland, Pennsylvania and Washington, D.C. AirRover's "Wi-Fi" (hotspot) Internet access system operates on a platform comprised of Wi-Fi standard equipment that has been configured in a proprietary manner. The term "Wi-Fi" (wireless fidelity) refers to an industry standard for wireless equipment that meets published 802.11(x) standards. Wi-Fi equipment operates in unlicensed spectra, such as 2.4 and 5.8 Ghz. AirRover's business plan focuses on the marketing of its wireless Internet access services to businesses and residential customers, as well as to visitors to its markets with Wi-Fi compatible laptop computers and other wireless devices.
Forward-Looking Statements
Certain statements in these interviews and news releases may constitute "forward looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward looking statements involve risk, uncertainties, and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. Certain statements contained in the interviews are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of AirRover's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although AirRover believes the statements are reasonable, it can give no assurance that such expectations will prove correct. AirRover cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.
Contacts
AirRover Wi-Fi Corp., Baton Rouge
David Loflin, 225-923-1034
dloflin@airroverwifi.com
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