Platinum Expands in Southern Alberta with Chief Mountain Gas Co-Op
April 08 2013 - 1:52PM
Business Wire
Platinum Communications Corporation (TSX-V: PCS) today
announced that it has reached an agreement with Chief Mountain Gas
Co-op (“CMC”) to expand Platinum’s fixed wireless network while
co-marketing Broadband Internet Services in the Municipal Districts
of Willow Creek, Pincher Creek, Ranchlands and Cardston County.
Platinum will assume and operate existing wireless Internet
infrastructure from CMC and further invest in new infrastructure to
expand its service to Chief Mountain’s 1,700 customers in the
region, none of who are current customers of Platinum. Platinum
continues to investigate other accretive and complementary business
opportunities in its markets in order to drive customer and
shareholder value.
About Platinum Communications
Platinum is a leading provider of superior quality fixed
wireless Internet and Broadband solutions in Alberta. Based in
Calgary, Platinum operates a wireless broadband network that
utilizes Next-Generation Wimax technology to bring fast, reliable
and affordable Internet and digital phone service to residents and
businesses across the province. Serving approximately 13,000
customers in over 180 communities, Platinum caters primarily to
rural and near-urban markets that are often beyond the reach of
traditional Internet providers. Platinum’s high quality
infrastructure, excellent service record and ever-growing network
and capabilities, make it the provider of choice for customers
within its vast coverage area. For more information please visit
our website at www.platinum.ca or call 403-301-4591.
About Chief Mountain Coop
Chief Mountain Gas Co-op Ltd. (CMC) is a member owned gas
distribution company servicing a significant portion of Southern
Alberta. CMC was started in 1973 by farmers and ranchers wanting a
less expensive and more reliable natural gas service. In 2009 CMC’s
Board took an innovative step with Automated Meter Reading (AMR)
gathering technology, using a newly licensed 3650 Broadband
bandwidth from Industry Canada. As part of this technology trial
and with the assistance of Alberta Agriculture and Rural
Development, CMC set up an Internet Service Provider (“ISP”) and
AMR system. CMC’s agreement with Platinum will leverage its
adoption of cutting edge technology while providing its members
with a premium Internet service from a professional provider.
This news release may contain forward-looking statements. These
forward-looking statements do not guarantee future events or
performance and should not be relied upon. Actual outcomes may
differ materially due to any number of factors or uncertainties,
many of which are beyond Platinum's control. Some of these risks
and uncertainties may be described in Platinum's corporate filings
(posted at www.sedar.com). Platinum has no intention or obligation
to update or revise any forward-looking statements due to new
information or events.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
For further information please contact:
Bernard Parkinson, CEO
Katherine Kirkup, CFO
Phone (403) 301-4591 Phone (403) 301-4594
(PCS) http://www.platinum.ca