Message #28 From:
NewsBot Date: September 24, 2007 06:09:04 AM
GigaBeam Presents Transcript of Latest Investor Conference Call Detailing the Company's Recent Quarterly Filing
CEO Highlights Mission to Capitalize on Fast-Growing Global Market for Wireless Broadband Technology
GigaBeam Corporation (NASDAQ:GGBM), deploying WiFiber® “wireless fiber optics” technology to economic centers across the globe, invites investors to view a transcript of the Company’s recent investor conference call, during which Chief Executive Officer Louis Slaughter detailed the Company’s recently announced filing for the second quarter of 2007, as well as other strategic achievements.
“We believe that these results [Q2 2007] demonstrate our commitment to operating the business efficiently, and that our bottom line is trending towards achieving profitability,” said Mr. Slaughter during the conference call. “The revenue for the quarter was a record for the Company since its IPO, and we witnessed a significant decrease in our net operating loss for the quarter. We believe we are continuing to make progress towards achieving strong fundamentals and on our overriding mission to build long-term shareholder value.”
GigaBeam’s WiFiber® technology is similar to terrestrial fiber in terms of speed and reliability. WiFiber® has a substantial advantage over terrestrial fiber because it can be rapidly deployed and costs significantly less to deploy than terrestrial fiber. Terrestrial fiber can take months to deploy and also requires significant regulatory and environmental approvals prior to installation.
To read the entire transcript of the most recent GigaBeam conference call, please visit http://www.trilogy-capital.com/tcp/gigabeam.
GigaBeam's WiFiber® product ushers in a new era of communications by allowing customers to bypass the restrictive telecom oligopoly and connect directly to any city's fiber optics hub or Point-of-Presence (POP). The disruptive impact of an easily deployable, low cost alternative to fiber optics cables is difficult to overestimate, especially since WiFiber's point-to-point high-speed units transmit data via the highest approved radio frequency at speeds equal to 641 T1 lines or 1000 DSL lines.
Current GigaBeam partners, customers, and end-users include Google, Sprint, The Department of Defense, as well as several cities and universities such as San Francisco and Boston University. The Company has implemented a strategy to expand into major metropolitan areas around the world.
GigaBeam's management team, which pioneered rule making in the 70GHz and 80GHz spectrum, is fully committed to augmenting current revenues through a network of authorized dealers and resellers across North America, South America, Europe, Africa, the Middle East, India and Asia that have local expertise and established contacts. GigaBeam is a Company with market disruptive wireless technology, a pioneering management team and a worldwide network dedicated to penetrating major metropolitan markets around the globe.
To learn more about GigaBeam's revolutionary wireless technology, please visit www.gigabeam.com/.
For investor-specific information and resources, visit http://www.trilogy-capital.com/tcp/gigabeam.
To view current stock quotes and news, visit http://www.trilogy-capital.com/tcp/gigabeam/quote.html.
To view an investor fact sheet about the company, visit http://www.trilogy-capital.com/tcp/gigabeam/factsheet.html.
Safe Harbor Statement
Statements in this press release regarding GigaBeam's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GigaBeam's control and difficult to predict, and could cause actual results to differ materially from these anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: limited capital resources and continued dependence of our operations on additional financing, limited operating history, difficulties in distinguishing GigaBeam's products and services, ability to manufacture and deploy GigaBeam's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the telecommunications industry and the global economy, intense competition in the telecommunications equipment industry and resulting impact on pricing and general financial performance, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GigaBeam's filings with the Securities and Exchange Commission. GigaBeam does not intend to update the forward-looking statements except as required by law.
GigaBeam Corporation Investor Contact: Mark Hahn, 919-313-3992 Mark.Hahn@gigabeam.com or Company Contact: Marijke McCandless Director, Marketing Communications and Investor Relations 919-599-6210 Marijke.mccandless@gigabeam.com
