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Broadspot World Wide Wireless Acquires 40 Microwave Towers for $2 Million

11/24/08 - Broadspot World Wide Wireless (PINKSHEETS: BWWD) has executed a definitive agreement to acquire forty carrier-grade microwave towers originally constructed by AT&T and MCI, from Worldwide Communications, Inc. The towers purchased, valued at $2,000,000, are part of a 22 state network spanning the continent and are located in Tier III markets.

Broadspot intends to have joint venture arrangements with all of the publicly traded companies acquiring towers in the network and in connection with those joint venture arrangements will have immediate access to all required products and services to deploy broadband Internet access. This will enable Broadspot to acquire Motorola/Canopy equipment at carrier level pricing.

The acquisition will contribute significant advantages in Broadspot's application for funding from the U.S. Department of Agriculture RUS Funding Program. The RUS Funding Program, approved by Congress in 2002, provides for the issuance of more than $2 Billion in funding for the development of broadband Internet services throughout America's Heartland.

The acquisition of "vertical real estate" is a critical component of our plan to acquire existing Wireless Internet Service Providers (WISPs) and provide low cost connectivity in conjunction with aggressive marketing and additional value added services to build a significant customer base," said Nyhl Henson, CEO of Broadspot.

Keywords: broadband wireless, microwave towers, pinksheets, definitive agreement, microwave antennas, Wireless VOIP

By Robert Hoskins

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