SOURCE: OneFi Technology, Inc.

June 10, 2009 19:26 ET

OneFi Technology, Inc. Announces Third Quarter Revenue Projections of $20,000,000

LOS ANGELES, CA--(Marketwire - June 10, 2009) - OneFi Technology, Inc. (PINKSHEETS: ONFI) projects revenues to exceed $20,000,000 for the 3rd quarter ending September 30, 2009. Chet Noblett, Chairman and President of OneFi Technology, said, "This is an estimate when you consider all the positive things happening with the Company such as the Navajo Nation contract announced, contracts being negotiated with other Indian Reservations, the OneFi share of the Federal Government's Stimulus package for broadband connectivity in rural communities and the potential business in the Gulf Cooperation Council Nations through our strong contacts in Saudi Arabia. There are other very positive contracts and agreements in process to be announced in the near future."

About OneFi Technology, Inc.

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

For Additional Information, Go to the Website:

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

  • Contact:
    OneFi Technology, Inc.
    Investor Relations
    Tom White
    Email Contact