SOURCE: Waxess Holdings, Inc.

Waxess Holdings, Inc.

February 22, 2011 08:00 ET

Waxess Holdings, Inc. Shares Begin Trading Publicly

The Company's Patented Devices Deliver a Low Cost Telecommunication Solution While Improving Signal Strength in Global Markets Without Relying on Landline Infrastructure

NEWPORT BEACH, CA--(Marketwire - February 22, 2011) - Waxess Holdings, Inc. (OTCBB: WXSS), which designs and markets wireless and radio-enabled telecommunication devices and data solutions, announced today that shares of its common stock have begun trading under the symbol WXSS on the OTC Bulletin Board.

According to Hide Kanakubo, Waxess' president and chief executive officer, the company, which sells its products directly to wireless telecommunication service providers as well as through independent distributors and retailers around the world, expects to use a portion of the proceeds from the offering to continue to advance its technology and to expand its next generation products. Currently, the company's cell@home (DM1000) product offers customers a more cost effective cellular solution with high voice quality for in-building calls at work and at home. The device is available through various channels, including several of the major US carriers. Simultaneously, Waxess is working to bring its higher performance, lower cost, next generation DM1500 and MAT1000 products to market.

"In the US, our product supports the wireless substitution, or migration from landline to more economical wireless services for home communication, with the advantage of substantially increased signal strength. Twenty-six percent of the residential landline customers in the US live in very wireless signal-challenged areas. Our device provides the solution that makes it possible for mobile users to take full advantage of wireless communications both at home and in the office," Kanakubo said.

"In addition, our devices are capable of providing the last one mile solution for both voice and data services. As the demand for global connectivity continues to surge, we expect the primary growth in our overall revenue to come from sales of our next generation devices -- including our DM1500 and MAT1000 products -- outside the US. An estimated two billion people are expected to enter the middle income level within the next 10 years in such emerging countries as Brazil, Russia, India and China (BRIC) as well as the Next 11 countries, among which are Mexico, Turkey and Vietnam. We believe our products will provide these markets with immediate, reliable and cost effective access to broad telecommunications services, including voice, data, entertainment, security, web phone and social networking that people in developed countries enjoy today without the need to build the conventional landline infrastructure. For this reason, we are concentrating substantial attention on opportunities both in developing countries with no access to landline telecommunications as well as in countries with limited connectivity," he said.

Kanakubo, who previously held senior leadership positions at Uniden, including managing director of Uniden Japan and president of Uniden America, founded Waxess in 2004 with a group of former Uniden executives. 

About Waxess USA
Waxess USA began operations in 2004 and was incorporated in California in 2008. Waxess is engaged in the development and marketing of telecommunications devices capable of converging traditional landline, cellular and data services based on patented technology. The company was started by a group of former Uniden executives who observed the migration of landline subscribers to cellular and determined that the ongoing migration would create a need for cellular cordless devices in the home and for small businesses. Subsequent to a merger completed in February 2011, Waxess USA became a wholly-owned subsidiary of Waxess Holdings, Inc., a Delaware corporation.

Contact Information

  • Contact:
    Jerome Kaiser
    Chief Financial Officer
    Tele: 949-825-6570
    Email Contact

    Waxess USA, Inc.
    1401 Dove Street, Suite 220
    Newport Beach, CA 92660
    P (949) 825-6570
    f (949) 825-6578