RANCHO MIRAGE, CA, Sept. 13, 2011 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless" or the "Company") (TSX: CWG) today announced that its subsidiary Craig Wireless Palm
Springs Inc. ("CWPS") has, subject to Federal Communication Commissions' approval, entered
into an agreement with California State University, San Bernardino ("CSUSB") to replace CWPS' previous 15-year lease for use of spectrum rights in
the Palm Springs, California region with a new 30-year lease (the "Lease"). The Company has agreed to guarantee CWPS' obligations under the
"Craig Wireless is very pleased with this early extension. With this
extension, Craig Wireless' relationship with California State
University, San Bernardino is solidified and ensures Craig Wireless'
presence in the Coachella Valley for the foreseeable future. We look
forward to continuing to expand our customer base with leading edge 4G
wireless internet solutions in the Coachella Valley" said Boyd Craig,
Chief Executive Officer of Craig Wireless.
About Craig Wireless Systems Ltd.
Craig Wireless and its affiliates (collectively, the "CWS Group") offer a broad range of telecommunications services, including,
broadband internet access, business connectivity solutions, hosting,
security and telecommunications solutions. Through certain members of
the CWS Group, Craig Wireless holds or leases licenses for spectrum in
the 2.5 GHz, 2.6 GHz or 3.5 GHz bands in Riverside County in Southern
California, United States and in Greece. The CWS Group also has
spectrum interests in Norway and New Zealand. Spectrum in these ranges
is effective for delivery of point-to-multipoint signals, possesses
robust bandwidth capability and supports emerging 4G-based services and
applications, including portable and mobile applications.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Notice on forward-looking statements
This release includes forward-looking statements regarding Craig
Wireless and its business. Such statements are based on management's
current expectations. The forward looking events and circumstances
discussed in this release may not occur and actual results could differ
materially as a result of known and unknown risk factors and
uncertainties affecting Craig Wireless and its business. Not to limit
the generality of the foregoing, the forward-looking information set
forth in this news release is subject to various risks and other
factors including receiving all necessary regulatory approvals and
consents and currency fluctuations. No forward-looking statement can be
guaranteed. Forward-looking statements speak only as of the date on
which they are made and Craig Wireless does not undertake any
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events, or otherwise.
SOURCE Craig Wireless Systems Ltd.
For further information:
Boyd Craig, Chief Executive Officer, Craig Wireless Systems Ltd., email: email@example.com