Polar Wireless Corp.
OTC Bulletin Board : BCDI

Polar Wireless Corp.

January 31, 2011 09:21 ET

Polar Wireless Launches Breakthrough Global Solution to Eliminate Mobile Roaming Fees

TORONTO, ONTARIO--(Marketwire - Jan. 31, 2011) -

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

Polar Wireless (OTCBB:BCDI) is pleased to announce the Beta launch of their global MVNO solution that eliminates roaming charges for customers worldwide. "This is the main milestone we have been striving to achieve that dramatically reduces the exorbitant fees imposed on the 700 million customers globally, who travel outside of their home market annually,"- stated Mr. Kelly O'Dea, CEO of Polar Wireless.

The Beta launch will take place in Eastern Europe and Russia, providing the testing data required prior to a full-scale launch of the Polar Wireless solution to customers around the world. "Initial customer reaction and results are already exceeding our expectations," added Vlad Allen CTO of Polar Wireless.

Polar Wireless plans on releasing up to 50,000 of their proprietary solution chips, called the Global Key™, in Q1 2011 prior to the global rollout in Q2.

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.

About Polar Wireless

Polar Wireless ("Polar") is a mobile virtual network operator (MVNO) that works in conjunction with your current provider. Polar eliminates roaming charges while offering competitive calling card rates to its subscribers. Polar'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.

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 release, please visit the following link: http://www.marketwire.com/library/20110128-Polar_SIM_chip_insertion_750.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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