SOURCE: China Wi-Max Communications

China Wi-Max Communications

January 18, 2011 08:00 ET

CHWM to Expand Joint Venture Strategy in China and Beyond

GRAFTON, WI and BEIJING--(Marketwire - January 18, 2011) - China Wi-Max Communications, Inc. (OTCBB: CHWM), a leader in high speed broadband access in China, announced today the signing of a strategic letter of intent (LOI) with Unilava Corporation to negotiate one or more definitive agreements providing for a strategic alliance and joint venturing opportunities between CHWM and Unilava's affiliates in China and India, including (a) the joint development, acquisition and marketing of products and services, and (b) the sharing of resources, including fiber and wireless networks, data centers, and office space. This agreement will provide CHWM with strategic expansion of its operations in Beijing, Shanghai and Shenzhen China. 

CHWM's President and CEO Steven Berman stated that "this agreement is a continuation of our business plan to cost effectively develop our fiber and wireless assets through strategic alliances and joint venturing." CHWM Executive Vice President Eric Hager added that "we believe we have a first mover advantage in China, where the Internet market is now the largest in the world and has the greatest upside growth potential." 

About China Wi-Max Communications, Inc.

China Wi-Max Communications, Inc. (OTCBB: CHWM) is a multinational telecommunications and IP transport company formed to take advantage of the rapidly expanding wireless and broadband communications needs in China and elsewhere. The goal of CHWM is to become the premier provider of broadband technology and allied services in the Chinese market and beyond. Building on technical experience and proven management skills, CHWM is approaching its markets with the tools and experience necessary to achieve success. CHWM has acquired fiber assets in Beijing and Hangzhou, as well as option agreements to purchase fiber in Shanghai and seven additional cities in China. CWHM has also acquired 5.8 GHz wireless frequencies. The Company's common stock is listed on the OTC Bulletin Board under the symbol "CHWM." For additional information, please visit the Company's website at www.chinawi-max.com.

About Unilava Corporation

Unilava Corporation (OTCBB: UNLA) has developed or acquired diversified communication services delivering affordable unlimited service plans for mobile cellular service, hosted VOIP and broadband internet. The company is also licensed to provide long distance services in 41 states and local phone services in 11 states. In addition, UNLA builds and operates software solutions for enterprise social networking, local business listings and marketing tools that utilize video chat, video email, e-fax, VOIP, and conference calling. Unilava is headquartered in San Francisco with regional offices in Chicago, Hong Kong and Seoul.

'Safe Harbor Statement'

This press release contains forward-looking statements that involve risks and uncertainties. Actual results, events and performances could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause the Company's actual results, expressed or implied, to differ materially from expected results. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making an investment decision.

Contact Information

  • For Investment Information regarding China Wi-Max Communications, Inc. please contact:

    Eric Hager
    Executive Vice President
    China Wi-Max Communications, Inc.
    800-830-1978 ext 908
    Email Contact