Polar Wireless Corp.
OTC Bulletin Board : BCDI

Polar Wireless Corp.

February 03, 2011 09:20 ET

Polar Wireless Opens Customer Call Centre and Data Centre In Russia Targeting Over 200 Million Mobile Customers

TORONTO, ONTARIO--(Marketwire - Feb. 3, 2011) -

Editors Note: There is a photo associated with this press release.

Polar Wireless (OTCBB:BCDI) is pleased to announce the opening of its Data and Customer Call Centre in Russia to service the needs of its customers in Russia and the surrounding states. The company has decided to launch its service in the region due to the high concentration of active mobile users who are frequently in roaming mode. Russia currently has over 200 million mobile subscribers and is expected to grow to 242 million in 2014. *(IMER mobile forecast).

"After 9 months of developing the platform in Russia, the initial demand and feedback are very encouraging and this reinforces our decision to enter one of the fastest growing mobile markets in the world" stated G. Kelly O'Dea, CEO of Polar Wireless, "Russian customers display similar usage patterns to active mobile users in other parts of the world. They too are demanding a telco grade solution that is straightforward and reliable without the typically high roaming charges. We are confident that the Russian market will prove to be a good indicator of global demand."

Polar Wireless is currently scheduled to release 50k units in Q1 2011 prior to launching a full-scale retail deployment in and around Russia. This will be followed by a progressive rollout into other regions. 

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 press release, please visit the following link:

http://www.marketwire.com/library/20110203-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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