"The deployment in Abbotsford is the first step of a nationwide network we are building across Canada and the United States," said Gregory C. Carrington, WebNet CWN's president and CEO. "In addition to the Abbotsford market, we have sold and are deploying 12 new territories in Canada and should be bringing them online soon. At the WiMAX World tradeshow we will be presenting our successful business model for the first time to partners in the United States."
According to a company statement, WebNet CWN has identified 125 lucrative markets in the United States and Canada where broadband services are not present at all or are severely underserved. Markets were handpicked utilizing primary research called Dark Zone reports that identify select markets based on available fiber, pent up demand for broadband services and the lack of other broadband services serving each market.
To raise financial capital and establish local business partners, WebNet CWN utilizes a unique mesh network business model that sells licensed business units to individuals and businesses that invest private equity money in order to receive royalty payments and percentages of monthly recurring revenue. The model provides excellent opportunities for private investors to get involved in the broadband wireless industry with little or no knowledge of the industry.
To date, WebNet CWN has sold 12 out of the 25 markets in Canada and its business units are now actively signing up new residential and business broadband wireless customers.
WebNet CWN will make its official debut in the United States at the WiMAX World tradeshow where the company plans to present research, network design and business plans for the 100 most lucrative underserved broadband markets in the United States.
WebNet CWN promotes that it can offer all municipalities the opportunity to build out a citywide Wi-Fi mesh network without risking one dollar of taxpayer money. Instead of selling equipment and consulting services directly to municipalities, WebNet CWN's markets are 100% funded with private money before a market is scheduled for a build out. The idea is that municipal government decision makers can elect to build a citywide mesh network and participate in revenue sharing, but will not have to risk any taxpayer money on the network construction or the future operations of the wireless network.
If all the envision markets are developed, WebNet CWN's North American network would eventually cover 11,250 square miles, serve 125 cities and deliver high-speed wireless Internet access and other services such as voice over Internet protocol (VoIP) to a potential audience of 30 million people.
Company's website is found at www.webnetcwn.com.
