January 26, 2004Wi-Fi and Postal CentersAir-Q Agrees to Wi-Fi Hotspot Development Deal for 1,000 Nationally-Known Postal Centers BATON ROUGE, La., Jan 26, 2004 (BUSINESS WIRE) -- Air-Q Wi-Fi Corporation (OTCBB:AQWF), a Wi-Fi (wireless fidelity) Internet access provider, announced today that it had reached an agreement in principal with MyMart, Inc., a privately-held, San Marcos, CA-based Internet access firm, to install Wi-Fi hot spots in 1,000 locations of a nationally-known chain of postal centers. MyMart currently provides wire-line Internet access in kiosks in each of the target postal center locations. Air-Q's management is not aware of any impediment to its reaching a final agreement with MyMart and anticipates that a definitive agreement will be signed soon. About Air-Q Wi-Fi Corporation Air-Q Wi-Fi Corporation is a development-stage company that develops and operates wireless Internet access systems. Its first Wi-Fi Internet access system is located in Baton Rouge, LA, and its second Wi-Fi system is located in Phoenix, AZ. Air-Q'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. Air-Q'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 Some information in this release is forward looking. These forward-looking statements may be affected by the risks and uncertainties in Air-Q's business. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Air-Q's Securities and Exchange Commission filings. Air-Q wishes to caution readers that certain important factors may have affected and could in the future affect its actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of Air-Q. There are many factors that will determine whether Air-Q will be successful in its wireless Internet endeavors, including, without limitation, access to adequate capital, consumer acceptance of its products and services and the ability of Air-Q to provide timely customer installation services. Air-Q undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. SOURCE: Air-Q Wi-Fi Corporation Air-Q Wi-Fi Corporation, Baton Rouge |