Pass Word Inc. Advances Network With First Avenue Networks' Licensed Spectrum
June 16 2004 - 7:30AM
PR Newswire (US)
Pass Word Inc. Advances Network With First Avenue Networks'
Licensed Spectrum CHARLOTTESVILLE, Va., and SPOKANE, Wash., June 16
/PRNewswire-FirstCall/ -- First Avenue Networks (OTC:FRNS)
(BULLETIN BOARD: FRNS) , the holder of one of the nation's most
expansive portfolios of licensed spectrum, and Pass Word Inc., a
wireless Internet and communications provider servicing the Inland
Northwest, today announced that Pass Word Inc. is utilizing
licensed spectrum from First Avenue's Express Net product to expand
its network. This announcement coincides with First Avenue's
ranking as the largest millimeter wave spectrum lessor in the
United States. Pass Word Inc. is leasing licensed spectrum from
First Avenue Networks to cost-effectively increase the reliability,
capacity and flexibility of its broadband network, which services
customers in Washington, Oregon, Idaho and Montana. Pass Word will
initially use First Avenue's licensed spectrum as a replacement for
unlicensed spectrum in the backbone and for high-capacity
point-to-point connections. "Reliable service is paramount," said
Rod Bacon, president, Pass Word Inc. "We knew that we could avoid
interference by replacing unlicensed links with licensed links, but
determined that licensing each link with the FCC would be time- and
cost-prohibitive. First Avenue Networks clearly understood our
concern and made the process easy by tailoring lease economics that
fit our business model economics. This gives us the ability to
achieve carrier-grade reliability and to expand our high-capacity
services." Dean Johnson, president and CEO, First Avenue Networks
said, "The market has endorsed our approach. We have more
millimeter wave spectrum leases filed at the FCC than the rest of
the industry combined. Our easy, fast and cost effective leasing
model demonstrates our commitment to stimulating industry growth."
Pass Word plans to deploy dozens of licensed links to rapidly
increase the capacity in its backbone. This will enable the company
to grow and to expand services for existing broadband wireless
customers and other entities, such as municipalities, that need
reliable high-capacity links. Using First Avenue's licensed 39 GHz
spectrum, Pass Word will also have the flexibility to expand its
applications and to provide services such as redundant links for
customers with fiber-based E 911 services. First Avenue Networks
launched the industry's first spectrum leasing products, Express
Link and Express Net, immediately following the FCC secondary
markets ruling in October 2003. The products were developed to
enable service providers to easily and cost-effectively integrate
licensed fixed wireless into their networks. About First Avenue
Networks First Avenue Networks (OTC-BB: FRNS), the holder of one of
the nation's most expansive portfolios of licensed spectrum, is
committed to providing the fastest, simplest, most cost-effective
way for telecommunication providers to build reliable, high-speed
networks. First Avenue Networks' licensed spectrum leasing
products, Express Link and Express Net, simplify and reduce many of
the barriers traditionally associated with deploying fixed wireless
broadband networks. First Avenue Networks holds over 750 FCC-issued
licenses for spectrum, covering virtually the entire United States,
including Alaska, Hawaii and Puerto Rico. For more information,
please visit the company's web site at http://www.firstavenet.com/
or call (301) 524-5900. About Pass Word Inc. Pass Word inc. is a
regional communications wireless company started in 1936 as Live
Telephone answering service. Today Pass Word is the Inland
Northwest largest paging carrier. Serving our customers paging
needs in Washington, Idaho, Montana and Oregon as well as a
reseller of nationwide paging services. Additional services include
twenty-four hours a day live operator answering service as well as
personalized alphanumeric paging dispatch. Rounding out our product
and service lines are. Advanced Voice mail offerings and a full
line of Cellular equipment and services. The above information
includes forward-looking statements regarding securities trading
and provision of services. These statements are not guarantees of
future performance. Known and unknown risks, uncertainties, and
other factors, including without limitation, capital constraints,
changes to the strategy and business plan, customer demand,
technological risks, ability to manage growth, competition and
government regulation may cause actual results to differ materially
from the future results implied or expressed in the forward-looking
statements. The Company does not undertake to update or revise its
forward-looking statement publicly even if experience of future
changes make clear that any projected results expressed or implied
herein will not be realized. DATASOURCE: First Avenue Networks
CONTACT: Linda Pitt of GAJ Services Inc., +1-859-291-1005, ; or
Evans Mullan of First Avenue Networks, +1-301-524-5900, Web site:
http://www.firstavenet.com/
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