SOURCE: OneFi Technology, Inc.

December 10, 2009 09:55 ET

OneFi Technology, Inc. Announces the Initial WiMax/BPL Broadband Installation to Begin for the Hogback Region of the Navajo Nation

LOS ANGELES, CA--(Marketwire - December 10, 2009) - OneFi Technology, Inc. (PINKSHEETS: ONFI) announces the initial installation of WiMax/BPL Technology in the Hogback Region of the Navajo Nation is scheduled to begin in Jan. 2010. The network will be valued at $20,000,000 when it is completed.

Tom White, CFO of OneFi who is managing the project, said, "We are delivering the network to meet the broadband internet needs of the Navajo community and the installation will be a model for the other Native American communities."

About OneFi Technology, Inc.

OneFi Technology, Inc. is a WiMax company developing broadband networks that are capable of 4G (4th Generation) compatibility. 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.
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    Tom White
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