Polar Wireless Corp.
OTC Bulletin Board : BCDI

Polar Wireless Corp.

January 10, 2011 09:44 ET

Polar Wireless Develops Breakthrough Global Solution to Eliminate Mobile Roaming Fees

New Technology Will Eliminate Roaming Charges and Subscribers Will Keep Their Same Number and Handset Worldwide While Enjoying Savings of Up to 80% vs. Normal Roaming Charges

TORONTO, ONTARIO--(Marketwire - Jan. 10, 2011) -

Editors Note: There is a photo associated with this Press Release.

Following a recent announcement that Polar Wireless Corp. (OTCBB:BCDI) has entered into a definitive agreement to acquire all of the outstanding common shares of 2230354 Ontario Inc., a privately held company that has developed a proprietary technology that eliminates global roaming fees for all GSM mobile handsets, the company has provided further details on its new global mobile service and product offering.

Polar Wireless subscribers who have GSM handsets will be able travel to over 213 countries and operate on over 500 partner carrier networks seamlessly, without incurring roaming fees from their home carrier and without changing their existing mobile number or handset.

  Polar Wireless will provide service not only for Voice but also for Data, SMS and MMS.
     
  Unlike mobile services such as Skype or Google Talk that require WIFI (not available everywhere) or Data (which is as expensive, if not more, than voice roaming) access to utilize those services, Polar Wireless Corp. will provide carrier grade connectivity via standard cell phone towers globally.
     
  The unique solution is activated through the Polar Wireless chip, called the Global Key™, a multifunctional miniature electronic device for mobile handsets. Its form is an ultra thin SIM-like card that is inserted into the user's handset along with the main operator's SIM card. Due to its ultra-thin, single-chip design, it is compatible with most of the GSM handsets which account for over 80% of the global handset market.
     
  Rather than inserting different SIM cards when travelling to different parts of the world, the Polar Wireless chip only needs to be inserted once as it provides worldwide connectivity.
     
  The Polar Wireless service activates automatically when a subscriber enters a roaming zone. Since subscribers are able to maintain their current mobile number and handset while roaming, incoming callers do not need to dial new contact numbers. Additionally when subscribers call their contacts, their existing mobile number is displayed as the caller ID.
     
  The Polar Wireless service is designed around user convenience and simplicity. Polar Wireless customers will continue dialing directly as they usually do. No change in user habit is required, no new menus, no local access numbers or pin codes.
     
  Polar Wireless provides one simple payment account for all the services being offered, providing the most transparency possible to the customer at all times. Depending on the number dialed, Polar Wireless will automatically select the most cost effective route to place the call.
     
  Subscribers will not need to alter their existing carrier agreements and will not see additional charges on their existing carrier bills.

According to G. Kelly O'Dea, Chairman & CEO, "Our new service comes at a time when the usage and demand for mobile services is rocketing, not just for voice but also for data, SMS and MMS. Our service is designed to seamlessly enable increased usage without the barriers of price or complexity."

Global roaming is estimated to be a US $35 billion market that continues to grow substantially. According to Informa research, outbound roaming voice traffic will grow from 22 billion minutes in 2006 to 70 billion minutes in 2011, representing an annual voice traffic growth of 69%. The growth rate for mobile SMS, MMS and data has already doubled since early 2009.

Polar wireless plans on distributing this revolutionary patent-pending technology through a multi-channel global platform, including direct to customer, electronics retailers, mobile retailers, travel agencies, airlines, online and VAR channels. Various potential partnerships and co-marketing programs are also being considered.

About Polar Wireless

The Company is a mobile virtual network operator (MVNO) that works in conjunction with your current provider. The Company eliminates roaming charges while offering competitive calling card rates to its subscribers. The company's solution currently operates in over 213 countries on over 500 partner networks providing the first global network solution for mobile users that eliminates roaming surcharges while allowing users to maintain their home number and home carrier relationship.

Safe Harbor Statement

Except for statements of historical fact contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and may involve a number of risks and uncertainties. Forward-looking statements are based on information available to the Company's management as of the date hereof, and they involve judgments and estimates. There can be no assurance that the transaction with 2230354 as contemplated will be completed, if at all. The transaction is subject to certain closing conditions which may be outside of the control of the Company. Forward-looking statements include expressions such as "believe," "anticipate," "expect," "estimate," "intend," "may," "plan," "predict," "will," and similar terms and expressions and include but are not limited to, the ability of the Company to raise additional capital to finance its operating activities, the effectiveness, profitability and marketability of its products, the future trading of its securities, the ability of the Company to operate as a public company, the period of time during which its current liquidity will enable the Company to fund its operations, its ability to protect its proprietary information, the general economic and business environment and conditions, the volatility of the operating results and financial condition of the Company, the ability to attract and retain qualified senior management personnel and research and development staff of the Company, and other risks and uncertainties disclosed in the filings of the Company with the Securities and Exchange Commission.

To view the photo associated with this Press Release, please visit the following link: http://www.marketwire.com/library/20110110-polar_wireless_pic_jan10.jpg

Contact Information

  • Polar Wireless Corp.
    G. Kelly O'Dea
    Chairman and Chief Executive Officer
    (561) 623-5303

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