BASKING RIDGE, NJ and SAN DIEGO, CA — From CTIA WIRELESS I.T. & Entertainment 2009 in San Diego, Verizon Wireless and Axesstel, Inc. (OTCBB: AXST), a leader in the design and development of fixed wireless voice and broadband data products, announced that Axesstel’s MV440 CDMA 1xEV-DO Rev. A Wi-Fi Gateway has been approved to run on the most reliable 3G data network in the United States through Verizon Wireless’ open development program. Axesstel’s gateway combines a 3G WWAN modem, Wi-Fi WLAN router and a four-port Ethernet switch to enable multiple users with high-speed access to e-mail, the Internet, data intensive files and multimedia streaming in one easy to use, plug-and-play desktop networking device.
Anthony A. Lewis, vice president of open development for Verizon Wireless, said, “Verizon Wireless’ open development program encourages the design of devices to give customers new wireless choices and bring them to the marketplace on the Verizon Wireless network. Axesstel’s affordable, high performance broadband gateway provides another terrific option for businesses who want access to the best wireless network in the country.”
“We are proud to have been approved for network use through Verizon Wireless’ open development program,” said Clark Hickock, chief executive officer for Axesstel. “While this is a rigorous testing process, it also provides a faster, more streamlined process to bring products to market. Now our MV440 Gateway is available to any user who wants to utilize Verizon Wireless’ vast 3G mobile broadband network. We plan to pursue small office home offices (SOHO), merchants, small and medium businesses (SMBs) as well as segments including security monitoring, public and private transportation, and marine and recreational vehicles.”
Hickock added, “The MV440’s proven reliability and user friendly, integrated platform make it a perfect device for mobile broadband router solutions to provide primary connection as an alternative to wireline service and to enable failover backup connection for emergencies. In fact, over 150,000 of the MV400 Series Wi-Fi Gateways are deployed globally. We have achieved high customer satisfaction ratings from our 30 operator customers for their quality and performance. We look forward to submitting more of our innovative fixed wireless devices for certification through Verizon Wireless’ open development program.”
Verizon Wireless’ open development program is driven by the company’s desire to encourage innovation, give customers new wireless choices, and quickly address opportunities to expand the wireless market. The company continues to provide full-service offerings for business and consumer customers. For more information about Verizon Wireless’ open development program, visit www.verizonwireless-opendevelopment.com.
About Verizon Wireless Verizon Wireless operates the nation’s most reliable and largest wireless voice and data network, serving 87.7 million customers. Headquartered in Basking Ridge, N.J., with more than 87,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, visit www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
About Axesstel, Inc. Axesstel (OTCBB: AXST) is a recognized industry leader in the design and development of fixed wireless voice and broadband data products. Axesstel’s best in class product portfolio includes broadband modems, 3G gateways, machine to machine applications, voice/data terminals, fixed wireless desktop phones and public call office phones for high-speed data and voice calling services. The company delivers innovative fixed wireless solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California with a research and development center in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com.
© 2009 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements relating to market penetration and conditions, product capabilities and the timing of new product introductions which may affect future results and the future viability of Axesstel. Axesstel wishes to caution readers that actual results could differ materially from those suggested by the forward-looking statements due to risks and uncertainties and a number of important risk factors. Those factors include but are not limited to the risk factors noted in Axesstel's filings with the Securities and Exchange Commission, such as to the need for additional working capital; economic and political instability in developing markets served by Axesstel; unforeseen manufacturing difficulties, unanticipated component shortages, competitive pricing pressures and the rapidly changing nature of technology and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Axesstel's products; product and customer mix, Axesstel's need to gain market acceptance for its products; dependence on a limited number of large customers; potential intellectual property-related litigation; Axesstel's need to attract and retain skilled personnel; and Axesstel's reliance on its primary contract manufacturer. All forward-looking statements are qualified in their entirety by this cautionary statement, and Axesstel undertakes no obligation to revise or update this press release to reflect events or circumstances occurring after this press release.