SANTA ANA, Calif., July 20, 2005 (PRIMEZONE) -- eWAN1, Inc. (Pink Sheets:EWAN), announced today it has targeted August 15, 2005 to commence Voice Over Internet Protocol service, which, while eventually available globally, will initially be marketed to small-to medium retail businesses in the U.S., including the SOHO (Small Business -- Home Business) environment.
William J. Kettle, CEO of eWAN, in commenting on the Company's newest array of services, revealed that Barry Epling, a well-known entrepreneur in the telecommunications industry, was the catalyst in eWAN's $200,000 VOIP acquisition, in which his company's stock was valued by both parties at ten cents per share. Kettle said, "Barry Epling, in his acceptance of two million shares of our stock, has confirmed that our shares are undervalued, which we at eWAN have known for some time. His endorsement of our future is a powerful indication that our business plan is sound and proceeding according to plan."
On June 28, 2005, eWAN announced it had signed a Letter of Intent to acquire High Desert Wireless Broadband Communications, LLC (HDWBC), based in Mojave, California. HDWBC provides advanced data interconnectivity solutions to homes and businesses from the Tehachapi Mountains to the Mojave Desert, the location of Edwards Air Force base. Following eWAN's Due Diligence, the transaction is expected to close no later than August 15, 2005.
"We are now turning our attention to procuring content," Scott Kettle, eWAN's Chief Technology Officer, noted, "which we will offer to our subscribers as part of our enhanced menu of services."
About eWAN
eWAN specializes in broadband network solutions including high-speed Internet access, data, gaming, voice and video services, utilizing the most advanced network design and architecture in the industry, based on building its telecommunications network "on top" of major metropolitan fiber optic interconnection points within class 'A' carrier facilities, and by incorporating the fastest, most reliable, redundant and scalable hardware available. At present, EWAN is the only midsize ISP offering "wire-speed" networking in every device, at every access point.
Forward-Looking Statements
Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.