JOINT VENTURE...NOT UBS...Hmmmm.....can't UBS/LOOK get one of these? ever???
https://www.newswire.ca/en/releases/archive/November2004/19/c4973.html
EDMONTON, Nov. 19 /CNW/ - TOTAL TELCOM INC. (TSX Venture: TTZ) announced
today that it has entered into a joint venture with WiBand Communications
Corporation ("WiBand") to deliver high speed internet and other network
services to rural based end users across the province of Alberta. As part of
the joint venture arrangement, Total Telcom and WiBand have created
QC-Networks Inc. ("QC-Networks") to provide final mile connectivity to
government, industry, commercial, business and residential end users
throughout Alberta, using both fiber and wireless technologies. The newly
formed QC-Networks is owned jointly by Total Telcom and WiBand and technical
support is provided by both the parent companies. QC-Networks has now begun
operations and is offering services to our customers in rural areas of
Alberta. Total Telcom and WiBand continue to finalize their detailed joint
venture agreement.
"We are very excited at Total Telcom about this relationship and
QC-Networks' new found ability to expedite the delivery of services to
underserved communities. The combination of the wireless expertise of WiBand,
with Total Telcom's comprehensive knowledge of wired networks creates an
entity that will move quickly to market and provide top level service to our
new subscribers" stated Total Telcom's President, Robert Beaton, who further
commented, "Although we are accumulating subscribers as a result of this
partnership, we are particularly excited about the opportunities that lay
ahead for QC-Networks as the Alberta SuperNet project comes on line. It is our
intention to focus geographically on communities surrounding our existing
network first and build upon our presence across Alberta as a rural Internet
Service Provider (ISP) introducing various communication and content services
to SuperNet communities as an Applications Service Provider (ASP)".
"WiBand views this initiative as both a means to seamlessly extend the
Provincial networks of many of Alberta's leading companies, as well as an
opportunity to introduce previously unavailable enterprise level network
services and connectivity to information-based rural companies" offered
WiBand's President and Chief Executive, R.J. (Bob) Kennedy. Mr. Kennedy also
stated, "This partnership offers the marketplace a unique combination of
available services and skills, extending the reach and competencies of both
participating partners".
About WiBand Communications:
WiBand Communications was established in 1999 to bring fixed wireless
connectivity to under serviced areas in Manitoba and Alberta. Its goal is to
provide "last mile" solutions to extend wired/fiber networks to include
customers that are located beyond their reach in either distance or price.
WiBand has developed world-class expertise in integrating networks and
customers with the use of the latest in wireless technology. WiBand has the
largest fixed wireless network in both Alberta and Manitoba covering over
35,000 square kilometers. In addition, WiBand has built large private networks
for financial and educational institutions throughout Northern Ontario,
Manitoba and Alberta.
Inquiries concerning QC-Networks or WiBand Communications can be directed
to Mr. R.J. (Bob) Kennedy at 1-866-469-4226.
Total Telcom owns, operates and manages state of the art long haul IP
Broadband Fiber Optic Networks, currently providing Bandwidth, Lit and Dark
Fiber-Optic Services to communities in Alberta and British Columbia. They also
provide turnkey design, engineering, construction and maintenance services for
private networks owned and operated by government and industry.
Inquiries concerning QC-Networks or Total Telcom can be directed to
Mr. Robert Beaton at 1-800-347-7014.
"The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release."
For further information: please contact Investor Relations Department,
12705 65 Street, Edmonton, AB T5A 0Z4, Phone: (780) 472-8340, Toll free:
800-347-7014, Fax: (780) 475-5738, totalinfo@totaltelcom.com;
To request a free copy of this organization's annual report, please go to
https://www.newswire.ca and click on reports@cnw.
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