Stocks & Investing
Stocks and Investing
Stocks and Investing
Fri, November 19, 2010
Thu, November 18, 2010 
LOS ANGELES--([ BUSINESS WIRE ])--OneFi Technology, Inc. (Pink Sheets:ONFI) announces it has secured a Memorandum of Understanding (MOU) with Holly Springs, Mississippi to build a hybrid communications network that delivers OneFi Technologya™s IPTV solution. Chet Noblett, OneFi Technologya™s Chief Executive Officer says, aWe have a good relationship with the technical parties in Holly Springs and we are looking forward to moving to the next phase of our collective plan to build a network that serves the community and which can support OneFia™s IPTV.a
"We are excited to get the process underway to deliver a high grade network and enjoy the benefits of delivering IPTV to our community."
Tom White, OneFia™s Chief Financial Officer added, aThis relationship is extremely important to us. There are more than 12,000 households which we feel can be connected to our offerings once the network is deployed. Additionally, the implementation of the Holly Springs network opens the door for us to begin soliciting some of the more than $3 billion in federal funding which is still available to rural communities for these types of projects.a
Holly Springs Chief Technology Officer, Ken Robinson said, aWe are excited to get the process underway to deliver a high grade network and enjoy the benefits of delivering IPTV to our community.a
OneFi Technologya™s initial marketing of IPTV is targeted at rural communities in the US, and the Caribbean, as well as several Middle Eastern markets.
About OneFi Technology, Inc.
OneFi Technology Inc. is an IPTV solutions provider and company which develops broadband networks that are capable of 4G compatibility. OneFi Technologya™s focus is on rural communities and developing countries which lack infrastructure. Both WiMax and LDE are wireless technologies for the delivery of broadband internet signal that allows for VoIP, IPTV and general internet use.
For Additional Information, Go to the Website: [ www.onefitechnology.com ]
This press release contains certain "forward-looking statements" within the meaning of federal securities laws including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions. Although the Company believes that the statements were reasonable when made, these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, without limitation: competitive and general economic conditions, adverse effects of litigation, the timely development and acceptance of our products and services, significant changes in the competitive environment, the failure to generate or the loss of significant numbers of customers, the loss of senior management or increased government regulation.
