SANTA ANA, Calif., Aug. 9, 2005 (PRIMEZONE) -- eWAN 1, Inc. (Pink Sheets:EWAN), today announced that eWAN has signed a Letter of Intent to acquire ClearWave Communications, Inc. (CWC), and will immediately install its proprietary Triple-Play technology, upgrading one of America's oldest original cable companies to include Internet and phone service to subscribers. Based in Johannesburg, California, 52-year old ClearWave has brought nationally-telecast programs to customers from the Tehachapi Mountains to the Mojave Desert, the location of Edwards Air Force base since 1953.
ClearWave subscribers will now be able to receive delivery of on-demand digital multimedia content, along with advanced data interconnectivity solutions to homes and businesses. Following EWAN's Due Diligence, the transaction is expected to close no later than September 1, 2005.
William J. Kettle, CEO of eWAN observed, "We are rapidly closing in on one of our goals, which is to become the premiere telecommunications company serving small cities and rural areas in the United States and abroad. In June, we signed a Letter of Intent to acquire High Desert Wireless Broadband Communications, LLC. The merging of both companies under the EWAN banner allows our unique bandwidth technology to strongly benefit our combined customers and bring new revenues to EWAN."
Jaime Osbrink, CEO of ClearWave, noted, "ClearWave's subscribers and employees welcome our association with EWAN, as we will now be able to upgrade our system to the latest technology and offer new products and services formerly available only in major metropolitan areas."
EWAN (www.eWAN1.com) 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.
ClearWave Communications, Inc. is located at 27656 Mt. Wells Road, Johannesburg CA 93528
Forward-Looking Statements
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