BOISE, Idaho, Nov. 4, 2011 /PRNewswire/ -- MediaG3,
Inc. (OTCPK: MDGC) a provider of wireless broadband
solutions has launched a first phase of its 4G+ Broadband Network
in Eau Claire, Wisconsin. This is
MediaG3's second site used to test enhanced developments of their
Wytec patented technologies. "Eau
Claire is a joint venture with Wisconsin Wireless and CCI
who already have established operations as an Internet service
provider and customer base in the area. We are excited to deploy
another site allowing us to test and further advance this
incredible technology," remarks Val
Westergard, MediaG3's chairman and CEO. MediaG3 has signed a
Letter of Intent for $10 Million in
funding that includes a joint venture effort in advancing the Wytec
technology.
As mentioned, this is the second site for the launch of Wytec
patented technologies. Earlier this year MediaG3 announced the
Boise Project: "MediaG3 Pilot Projects Moving Forward With 10 GB
Boise Project". The Boise system is now up and operating in
selected areas. We continue to fine tune the system and will
soon be offering customers Wi-Fi in various locations throughout
the Boise, ID area.
MediaG3 currently has five U.S. patents directly involved in
next generation mobile broadband technology that go beyond 4G in
which both MediaG3 and CCI will share in its advancements and
economic benefit. 4G is defined as service speeds "up to" 100 Mbps
for high mobility communication and 1 Gbps for low mobility
communication.
The technology to deliver broadband speeds beyond 4G has been
currently addressed by macro-diversity technology, also known as
group cooperative relay and beam-division multiple access. Simply
said, the technology is capable of banding together multiple
frequencies to form one large broadband pipe. MediaG3 will focus on
the software development and network designs that effectively
manage bandwidth traffic to end user devices. "This is a key
component in the overall success of deploying 4G+ mobile broadband
services and we are thrilled to be a part of such groundbreaking
technology," says William Gray CEO of CCI.
The $10M funding facility is being
arranged under a number of institutional and accredited investors
arranged by Innovation Capital Management, a wholly owned
subsidiary of CCI. The use of proceeds will be initially directed
to the continued build-out of the Boise and Eau
Claire networks.
For more information and availability of Wi-Fi and our other
services please visit our website and click on the STORE button or
http://www.MediaG3.com/store.
About MediaG3, Inc.
MediaG3™ Inc., (MDGC), develops and delivers wireless
broadband technology products and services for today's fixed and
mobile customers. MediaG3 provides wireless broadband Internet
access and Internet telephone throughout the US, under the Imperial
Wireless brand. MediaG3 will continue to utilize the five key US
wireless patents under the Wytec name and offer wireless broadband
technology, technology licensing and equipment under Wytec and
Wytec "Next Generation" brands. MediaG3 is headquartered in
Boise Idaho. For more information,
or to register to receive updates, please visit their corporate
site: http://www.mediag3.com.
Safe Harbor Act:
This release may contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements.
Contact Information
MediaG3, Inc.
Val Westergard
Chairman & CEO
admin@mediag3.com
For Investor Relations please contact:
EquitiTrend Advisors, LLC.
858.436.3350
website: http://www.equititrend.com or
email: admin1@equititrend.com
SOURCE MediaG3, Inc.
