FOR IMMEDIATE RELEASE: November 10, 2011
MEDIA & INVESTOR CONTACT:
William H. Gray, President/CEO
Competitive Companies Inc.
(888) 394-4531
Competitive Companies, Inc. Acquires Wytec International, Inc.
SAN ANTONIO, Texas — Competitive Companies, Inc. "CCI" (OTCBB: CCOP), www.cci-us.com announced today that it has successfully completed the acquisition of Wytec International, Inc. "We are extremely excited about this acquisition in that it represents a solid entry into the 4G mobile broadband race," remarks CEO, William Gray. Wytec owns five U.S. world-class patents directly involved in the development of carrier grade mobile broadband delivery. The Wytec technology utilizes a proprietary network architecture coupled with its patented "Multichannel Radio Frequency Transmission" (MRFT) technology to accomplish next generation mobile broadband speeds. The heart of its design enables multiple channels of licensed and/or unlicensed frequencies to band together into one very large efficient bandwidth channel supporting the delivery of 4G+ mobile broadband access to residential, commercial and government subscribers.
The International Telecommunication Union defines 4G mobile broadband as IMT-Advanced systems capable of service speeds up to 100Mbps for high-mobility communication, such as while in vehicle. CCI defines 4G+ as service speeds exceeding100Mbps for high-mobility communications. CCI's patented Wytec technology is capable of delivering 4G+ speeds. CCI intends to offer the technology in both licensing and offloading agreements to rural market service providers and major carriers. Offloading services have now become a key consideration to major carriers in delivering future 4G services due to the continued difficulty in obtaining contiguous spectrum in the United States.
The Wytec Purchase Agreement includes a unique joint venture feature whereby the MediaG3 (MDGC) (www.mediag3.com), receives license free use of the Wytec technology in addition to a capital investment from Competitive Companies, Inc. in exchange for continued upgrades and improvements to the Wytec technology. It's a "win-win" partnership, says CEO, Val Westergard. The Wytec technology is currently being deployed in Eau Claire, Wisconsin and Boise, Idaho. CCI, through its wholly owned subsidiary, Wireless Wisconsin LLC (www.wirelesswisconsin.net) expects to be offering its services to the public by March 1, 2012 while MediagG3 expects to be offering services to the public by February 1, 2012. Both operations plan to be utilizing carrier grade authentication software enabling full integration into current LTE, LTE Light and WiMax mobile broadband systems. These technologies make up the majority of the estimated $30 billion in the U.S. mobile broadband Industry. The significance of this integration is that it will allow the Wytec technology to be connected to current 4G mobile broadband worldwide instantaneously while simultaneously upgrading to 4G+ service. Thus both companies expect to have rapid revenue development within months instead of years.
About Competitive Companies, Inc.
Competitive Companies, Inc. is a Nevada-based 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 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.
www.cci-us.com
About MediaG3, Inc.
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 brand. MediaG3 will continue to utilize the five key US wireless 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 site: www.mediag3.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.