SOURCE: CyberTel Capital Corp.

July 09, 2007 09:00 ET

CyberTel Capital Corporation Announced Today That Its Wholly Owned Subsidiary AireWire Has Received a Non-Binding Letter of Intent for 450 Site Surveys in the Southeast

SAN DIEGO, CA--(Marketwire - July 9, 2007) - CyberTel Capital Corporation (OTCBB: CBEL) announced that its subsidiary, AireWire, Inc. has received a non-binding letter of intent and is entering into contract negotiations and sending teams for training for a national Wifi deployment.

AireWire will provide deployment resources and logistical management for site surveys and installations in designated market areas for the deployment of Wifi networks in a national, approximately 1,500-unit hotel chain. AireWire will be starting with site surveys for approximately 450 sites in the Southeast.

"Hoteliers are facing increasing pressure to provide a high-performance network in their properties. The AireWire team's experience in managing large-scale deployments of wireless technologies has led to this opportunity," said Walt Henley, President of AireWire. "Pending successful contract negotiations, we are looking forward to increased revenues over the next 18 months from this project. It will be a big win for the company."

Depending on the number of units allocated to AireWire, the company anticipates project revenues over the next 12 months could exceed $1.5 million.

About AireWire

AireWire is a wholly owned subsidiary of CyberTel Capital Corporation (OTCBB: CBEL) and offers Broadband Radio, IP Engineering and Consulting Services for the Wireless and Telecommunications Industries. More information on AireWire, Inc. can be found by visiting its web site at www.airewire.com.

About CyberTel Capital Corporation

CyberTel Capital Corporation is a holding company with interests in areas of telecommunications, data management, information systems and public safety communication and response solutions. CyberTel trades on the OTC Bulletin Board under the ticker symbol CBEL. For more information on CyberTel or AireWire contact investor@cbclinc.com or visit its web site at www.airewire.com.

Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of CBEL officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future CBEL actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and CBEL has no specific intention to update these statements.

Contact Information

  • Contact:
    CyberTel Capital Corp.
    Jim Wheeler
    (858) 646-7410