Polar Wireless Corp.
OTC Bulletin Board : BCDI

Polar Wireless Corp.

February 08, 2011 09:25 ET

Polar Wireless Finalizes Agreement With SKT-Project in Russia

TORONTO, ONTARIO--(Marketwire - Feb. 8, 2011) -

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

Polar Wireless ("Polar") (OTCBB:BCDI) is pleased to announce the execution of an agreement with SKT-Project in Russia. SKT will act as a general distributor of Polar's products and will represent Polar in the territories of the Russian Federation , ex-USSR countries, and Eastern Europe (Azerbaijan, Armenia, Belarus, Bulgaria, Bosnia and Herzegovina, Hungary, Kazakhstan, Kyrgyzstan, Macedonia, Moldova, Poland, Russia, Romania, Serbia, Slovakia, Slovenia, Tajikistan, Turkmenistan, Uzbekistan, Ukraine, Croatia, Czech Republic). SKT-Project is responsible for providing technical assistance, customer support, financial services and logistics for Polar in the above-mentioned territories. The combined territories currently represent over 350 million wireless subscribers, with forecasts showing this figure to exceed 400 million wireless subscribers in 2014. (IEMR Mobile operator forecast).

"The Russian region and surrounding states are proving to be a lucrative testing ground for the beta launch of Polar's proprietary mobile roaming solution," stated Mr. Vlad Allen, CTO Polar Wireless. "Customer adoption and integration continues to exceed our expectations on a daily basis" Mr. Allen stated further.

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. For more information please visit www.polarwireless.com.

About SKT-Project:

SKT-Project was established in 2000 as a division of Sotcom Group of Companies (a local telecommunication provider). SKT's main activities surround the design and sale of telecommunications equipment in Russia and the surrounding states. The company has a staff of 100 people with extensive experience in the telecommunications field including distribution of products and services.

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/20110208-polar800.jpg

Contact Information

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

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