SOURCE: OneFi Technology, Inc.

December 15, 2009 03:45 ET

OneFi Technology, Inc. Announces Engagement of EBITDA Capital to Seek Government Contracts

LOS ANGELES, CA--(Marketwire - December 15, 2009) - OneFi Technology, Inc. (PINKSHEETS: ONFI) announces the engagement of EBITDA Capital, Inc. to seek for OneFi Technology funding contracts and opportunities with Federal, State and Local Government Agencies. OneFi installs WiMax/BPL Technology for delivery of broadband internet to rural and other areas where funds have been or will be allocated. The EBITDA Capital organization has worked with OneFi Technology since the beginning of April but this relationship is now more formalized.

Tom White, CFO and Operations Manager of OneFi, will be responsible for managing the projects which EBITDA Capital is successful in securing with any and all government agencies. Mr. White said, "We are delighted to have EBITDA Capital and their network of associates use their contacts to focus their efforts to develop opportunities for OneFi Technology."

About OneFi Technology, Inc.

OneFi Technology, Inc. is a WiMax company developing broadband networks that are capable of 4G (4th Generation capability) compatible. OneFi Technology's focus is on rural communities and developing countries. WiMax is a wireless technology for the delivery of broadband internet.

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This press release contains certain "forward-looking statements" within the meaning of federal securities laws including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. Although the Company believes that the statements were reasonable when made, these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.

Contact Information

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    OneFi Technology, Inc.
    Investor Relations
    Tom White
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