SOURCE: Wall Street News Alert

March 22, 2005 08:53 ET

Wall Street News Alert: CNTI Announces Official Deployment of the Largest Metro Mesh Wireless Network!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- March 22, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: CoConnect, Inc. (OTC: CNTI), Lucent Technologies Inc. (NYSE: LU), General Electric Company (NYSE: GE) and The News Corporation Inc. (NYSE: NWS).

Aggressive investors and day traders may have their sights set on CoConnect, Inc. (OTC: CNTI), a marketer of ultra high-speed wireless Internet access, this morning. Yesterday after the markets closed, the company issued a press release announcing the official deployment of the largest Metro Mesh wireless network.

This could be great news for investors! The deployment of 200 Wireless Communication Nodes and the build-out of a Carrier Class Backbone Network in the St. George, Utah, market will allow CNTI the ability to acquire up to 50,000 new customers in the St. George area.

Investors watch this one! According to the press release, the company expects to generate up to $4,000,000 in revenues in the next 12 months. CNTI estimates that year-end 2005 subscriptions could reach 12,500 subscribers and should exceed total subscriptions of 30,000 by year-end 2006. These projections should provide CNTI with an average of $350,000 in monthly revenue by year-end 2005 and an estimated $840,000 monthly by year-end 2006.

Tim Thayne, CEO of CoConnect, stated, "We are very excited to see this day finally come to fruition. We have been preparing for this deployment for over two years. When completed, within the next 30-60 days our network will be the largest Wireless Metro Mesh network of its kind. Residents of the St. George Community will for the first time have access to services such Ultra High Speed Internet, VoIP, IPTV and Video On Demand, surf the Internet, watch TV and movies or talk on the phone all while sitting at the park, or a son's baseball game."

For more in-depth coverage of CoConnect, visit

Prior to yesterday's press release, the stock closed at $1.50 a share.

In case you are not familiar with the company: CoConnect has developed and is deploying a 45Mbps broadband wireless Internet delivery system to deliver Ultra High-Speed Wireless Internet, Voice Over Internet Protocol (VOIP), and IPTV/VoD products and services. CoConnect's bandwidth is up to 30 times faster than today's current T-1 standards of 1.5Mbps.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Lucent Technologies Inc. (NYSE: LU) down 2% on 23.7 million shares traded, General Electric Company (NYSE: GE) up 0.3% on 16.5 million shares traded and The News Corporation Inc. (NYSE: NWS) down 0.6% on 43.6 million shares traded.


"The FOMC meets on Tuesday and most analysts are now predicting another rise in interest rates. This would be the 7th increase and put the overnight rate at 2.75%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 40 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at and select the "join now" button.

*** Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street! If you receive any such fax, please do not contact us at You may wish to inquire about the fax, with the CEO of the company that the fax is written about ***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For present and future services, WSCF has been compensated Twenty-One Thousand Dollars for coverage of CoConnect, Inc. (OTC: CNTI), by a third party (National Financial Communications Corp.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release.) WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

Contact Information