Unilava Corporation (OTCBB: UNLA) “Unilava,” a leading provider and developer of diversified communications and services across multiple devices and software platforms, announced today the first implementation of the their LOI with China Wi-Max Communications (OTCBB: CHWM) “CHWM,” to identify funding and resource opportunities to support engineering and capital needs towards their joint venture, targeting markets of over $60M USD in Beijing, Shanghai and Shenzhen.
The joint venture will operate businesses with:
- Unilava’s recent data center expansion with China Dragon Telecom, a pending acquisition, will provide a component that will enable the companies to meet the increased data needs in China;
- CHWM has invested over $4M in developing fiber wireless services in China to offer customers advanced technology, improved reliability and fast data speeds;
- More than 8 marketing, sales and call centers;
- A footprint of 6 global offices around the globe.
Baldwin Yung, President and CEO of Unilava Corporation, commented, “By combining our resources, we will increase our development to deploy 3G/4G Wi-Max in China, an increasingly demanding market. This partnership will allow us to provide wireless high-speed internet to deliver cellular service and multimedia devices that will accelerate and expand our customer growth.”
CHWM’s President and CEO Steven Berman stated that “This agreement is a continuation of our business plan and to develop our fiber and wireless assets through strategic alliances and joint venturing.” CHWM Executive Vice President Eric Hager added, “We are very pleased to obtain Unilava’s commitment to start developing our assets in China. We believe we have an advantage in China, where the Internet market is now the largest in the world and has the greatest upside growth potential.”
About Unilava Corporation
Unilava Corporation and its subsidiary brands provide a variety of communications services, products, and equipment that address the needs of small to enterprise businesses and consumers. The company is licensed to provide long distance services in 41 States and local phone services in 11 States. Through its carrier-grade microwave wireless broadband infrastructure and broadband Internet access partners, the company offers mobile and high-definition IP-hosted voice services to residential, small and medium enterprises. The company delivers small business a comprehensive and integrated suite of fee-based online and mobile advertising and web services. Headquartered in San Francisco, the company has regional offices in Chicago, Seoul, Hong Kong, and Beijing.
About China Wi-Max Communications, Inc.
China Wi-Max Communications, Inc. (OTCBB: CHWM) is a multinational telecommunications and IP transport company formed to take advantage of the rapidly expanding wireless and broadband communications needs in China and elsewhere. The goal of CHWM is to become the premier provider of broadband technology and allied services in the Chinese market and beyond. Building on technical experience and proven management skills, CHWM is approaching its markets with the tools and experience necessary to achieve success. CHWM has acquired fiber assets in Beijing and Hangzhou, as well as option agreements to purchase fiber in Shanghai and seven additional cities in China. CWHM has also acquired 5.8 GHz wireless frequencies. The Company’s common stock is listed on the OTC Bulletin Board under the symbol “CHWM.” For additional information, please visit www.chinawi-max.com.
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