BOISE, Idaho, Nov. 10, 2011 /PRNewswire/ -- MediaG3, Inc.
(OTCPK: MDGC), a provider of wireless broadband solutions has
completed the Letter Of Intent announced on Sept. 20, 2011 with Competitive Companies, Inc.
(OTCBB: CCOP) through a definitive agreement known as "The Wytec
Purchase Agreement".
The Wytec Purchase Agreement will provide funding to MediaG3
through the purchase of Wytec International, Inc., owner of five
U.S. "world class" patents directly involved in the development of
carrier grade mobile broadband delivery. "This agreement combines
MediaG3's knowledge and application of technology, 'proprietary'
network design, engineering, software and deployment with CCI's
experience in wireless technology, funding, management,
back-office, customer and tech support," said CEO, Val Westergard.
Westergard went on to say: "This agreement provides MediaG3 with
funding, retains use of patented technology, restores shareholder
confidence and sets the stage to grow revenue quickly as we deploy
'proprietary' networks throughout the USA. This agreement creates a
complimentary and mutually beneficial infusion of talent and
technology, bringing much greater potential value to both companies
and their shareholders. We are excited about the supportive
and inter-dependent relationship we now have with William Gray and his team at CCI."
MediaG3's network is on in selected areas in Boise and they expect to be offering 4G+
services to the public by February 1,
2012. Wireless Wisconsin expects to be offering the
service in Eau Claire by March 1,
2012. Both operations plan to be utilizing "carrier grade"
authentication software enabling full integration for most fixed
and mobile devices. Thus both companies expect to have rapid
revenue development within months instead of years.
About MediaG3, Inc.
MediaG3(TM) Inc., (MDGC), develops and delivers wireless
broadband technology products and services for today's fixed and
mobile customers. MediaG3 provides wireless broadband Internet
access and Internet telephone throughout the US, under the Imperial
Wireless and iWiFi brands. MediaG3 will continue to utilize
the five key U. S. patents under the Wytec name and offer wireless
broadband technology, technology licensing and equipment under
Wytec and Wytec "Next Generation" brands. MediaG3 is
headquartered in Boise Idaho.
For more information, or to register to receive updates,
please visit their corporate website: http://www.mediag3.com
About Competitive Companies, Inc.
Competitive Companies, Inc. is a Nevada corporation with offices in
San Antonio, Texas and Eau Clair,
Wisconsin. The company began
operations in 1998 to provide telecommunication services, including
data, voice and video to multiple dwelling units in tier-one and
tier-two markets, and later included wireless broadband services in
rural markets. The utilization of Wytec's patent technology is
expected to have a substantial impact on CCI's broadband services
and revenue potential as it begins licensing its' use across the
U.S. For more information, or to register to receive updates,
please visit their corporate website: http://www.cci-us.com.
Forward-Looking Statements
This press release contains statements that are
"forward-looking" and are made pursuant to the Safe Harbor
provisions of the Private Securities Litigation Reform Act of 1995
and federal securities laws. Generally, the words "expect,"
"intend," "estimate," "will" and similar expressions identify
forward-looking statements. Since forward-looking statements
address future conditions, they involve inherent risks and
uncertainties. Actual results in each case could differ materially
from those currently anticipated in such statements. Investors are
cautioned not to place undue reliance on forward-looking
statements, which speak only as of the date they are made.
CONTACT INFORMATION
MEDIAG3, INC.
VAL WESTERGARD
CHAIRMAN & CEO
ADMIN@MEDIAG3.COM
FOR INVESTOR RELATIONS PLEASE CONTACT:
EQUITITREND ADVISORS, LLC.
858.436.3350
WEBSITE: HTTP://WWW.EQUITITREND.COM OR
EMAIL: ADMIN1@EQUITITREND.COM
SOURCE MediaG3, Inc.