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
Arcadian Wireless Inc - iPMA
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.
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
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.
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
/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
/Web site: http://www.caperangewireless.com/
CO: Cape Range Wireless Limited; McDonald's; STREETSPACE, Inc.
IN: CPR TLS
-0- Nov/16/2000 22:17 GMT
Press spacebar to pause and continue. Press esc to stop.