Planned At Cape Range Wireless PERTH, Australia, Nov. 16 /PRNewswire/ -- Cape Range Wireless Limited (Australian Stock Exchange: CAG), a leading business accelerator specializing in last mile wireless solutions, today announced substantial progress in its sale activity in addition to the company's most recent investment, a 10 percent stake in >STREETSPACE, Inc. Cape Range Wireless Ltd is uniquely positioned as an Australian publicly listed company. It is now involved in two world class Silicon Valley based companies, Arcadian Wireless Inc and >STREETSPACE, Inc. The listing of Cape Range Wireless Ltd on Nasdaq, will be followed by the public listing of >STREETSPACE, Inc. These events will create greater awareness of the strategic position that the company has developed in both the wireless local loop and the private broadband network space. >STREETSPACE is a private broadband network in the retail space. The >STREETSPACE Web Stations provide free email access, a city guide, news, sports and online shopping as well as access to wireless local area networks (LAN). A press release on the installation of >STREETSPACE into McDonald's Restaurants in San Francisco was released today and is attached at the end of this press release. In September, Cape Range Wireless Ltd advised that it would earn a fee equal to 10% of the currently issued capital of a company that had developed a web access device. Cape Range is pleased to advise that this company, >STREETSPACE, Inc has continued to build on contractual agreements that it has with major US retail and technology companies. Further details on StreetSpace, Inc can be obtained from their web site http://www.streetspace.com. Arcadian Wireless Inc - iPMA 1. Certification ---------------- The telecommunications partner involved with Arcadian's product certification is currently installing an E1 line into Arcadian's facility to enable the certification processes to be completed. A deployment site involving the Arcadian facility as the Base Station and a number of surrounding buildings as Remote Stations is currently being set up to test additional commercial applications. 2. Manufacturing ---------------- After two months of joint planning that involved engineers from Arcadian Wireless and Unico Technology, Unico has advised that its manufacturing facilities will commence production of iPMA Base and Remote Stations on November 27th. Unico is a leading outsourced manufacturer of computer equipment based in Malaysia. 3. Sales and Marketing ---------------------- In view of the additional demand for demonstration equipment from prospective buyers in countries including Malaysia, The People's Republic of China, Philippines, Bangladesh, Myanmar, Australia and New Zealand, Arcadian will release an initial 160 units from production for demonstration purposes to approximately 50 telecommunication companies in these regions. Arcadian is in the final stage of negotiations with a high profile company to jointly market its products in The People's Republic of China. 4. Merger Between Cape Range Wireless Ltd and Arcadian Wireless Inc. ---------------------- Documentation for the company's acquisition of 100% of the issued capital of Arcadian Wireless Inc is being completed so as to comply with the requirements for listing on Nasdaq of the merged company. Following the merger and the Nasdaq listing, the company will continue to trade on the ASX as Cape Range Wireless Ltd. The Board of Directors of both companies are endeavoring to provide Shareholders with merger documents setting out all the details prior to year's end. The following press announcement was made on November 16, 2000 in San Francisco: Local McDonald's Restaurants Add Free Web Access To Their Menus November 16, 2000 - Three McDonald's restaurants in San Francisco have installed >STREETSPACE Web Stations, allowing their customers to literally "walk up to the Web" for free. By touching the screen of the stylishly designed Web Stations, customers will have free access to a wide variety of popular websites and online services, including ABCNEWS.com, MSN HotMail, CitySearch, FOXSports.com, Kozmo.com, and SFGate.com for San Francisco 49ers and Oakland Raiders content. "Adding the >STREETSPACE Web Stations is another way for us to offer our customers an enhanced restaurant experience", says Bob Mendes, a San Francisco-based McDonald's restaurant franchisee. "In addition to giving our customers free access to popular Internet content, it provides us with a great opportunity to connect with our customers in a new way." Recognizing the increasing need to build a strong presence online, many retailers are calling on >STREETSPACE to help them leverage their physical space to introduce their websites to customers. The Web Stations at McDonald's will prominently display a McDonald's-branded website with links to contests and promotions, customer feedback, food facts, online job applications, McDonald's merchandise, and information on Ronald McDonald House Charities. Making these features available will enable these McDonald's locations to create a two-way dialogue with their customers and provide a fun and enjoyable experience in the restaurant. "We have always considered McDonald's the perfect venue for our Web Stations", says >STREETSPACE founder, Tom Mathai. "McDonald's has over 27,000 restaurants around the world, which are visited by 43 million customers every day. Most of them use the Internet. Our goal is to someday provide free e-mail and Web-based content to all 43 million of those McDonald's customers. So far, the pilot test in the San Francisco area has been a big hit." As was the case with the >STREETSPACE Web Stations introduced at the San Francisco Giants' Pacific Bell Park in early August, users do not have to pay to use them. In order to ensure that customers do not have to wait long to use a Web Station, there is a 15-minute time limit for each session. Most users stay on a Web Station for about 5 minutes, quickly checking their email, news summaries, sports scores, or browsing shopping sites. Since the Web Stations run on a private broadband network, powered by high-speed digital subscriber lines (DSL), users are able to view entertaining rich media content, including 49ers and Raiders highlights, music videos, movie trailers, cartoons, and up-to-the-minute news clips. Throughout the ongoing presidential election controversy, McDonald's customers have been able to check in for up-to-the-minute news. "All content providers and e-tailers are guaranteed category exclusivity on the >STREETSPACE private broadband network, providing them with a very cost-effective way to drive traffic to their sites and acquire new users," says Michael Wranovics, VP of Marketing at >STREETSPACE. "At McDonald's restaurants, sponsors are able to reach a large audience of mainstream consumers when they are 'taking a break' and have a few minutes to check in." With its network of Web Stations, >STREETSPACE is creating a new space for accessing Web-based content -- the retail space. When consumers leave home or work today, they generally lose their access to email and other Internet services. Web Stations make it possible for people to stay connected for free in the places where they gather, shop, and hang out. About >STREETSPACE On October 22, 1999, >STREETSPACE launched the first Clicks-and-Mortar Network(TM) with over 60 high-traffic retail locations in Berkeley, CA. >STREETSPACE, which is now poised to expand its private broadband network nationally, is helping retail businesses leverage their physical space to build a stronger online presence and provide their customers with free access to rich media content and online services. The >STREETSPACE offering consists of compact, stylishly designed Web Stations connected to a private broadband network. Standard features on a Web Station include the retail partner's online offering, plus free access to e-mail, a city guide, news, sports, online shopping, and other popular online offerings. SOURCE Cape Range Wireless Limited -0- 11/16/2000 /CONTACT: Ron Wise, Executive Chairman of Cape Range Wireless, +61-8-9322-4144; or Can Onen of Senior Account Executive of Anne McBride Company, 212-983-1702, ext. 212, firstname.lastname@example.org, for Cape Range Wireless/ /Web site: http://www.caperangewireless.com/ CO: Cape Range Wireless Limited; McDonald's; STREETSPACE, Inc. ST: Australia IN: CPR TLS SU: -0- Nov/16/2000 22:17 GMT
Certification and Production of iPMA Based Products Proceed as
Press spacebar to pause and continue. Press esc to stop.