NetLogic Expands Wireless Broadband

NetLogic expands wireless Internet service coverage to include St. Louis County; will offer dedicated Internet access up to 155 Mbit/s

June 5, 2003

1 Min Read

ST. LOUIS -- NetLogic, a rapidly growing, wireless broadband service provider, announced today that it has expanded its network to include St. Louis County in its coverage area and is increasing its product line to include dedicated Internet access up to 155 Mb.

“The demand for carrier class wireless Internet access has been tremendous”, said Michael Young, Co-Founder and Executive Vice President of NetLogic. “Wireless technology enables us to provide Internet access to businesses at a lower cost than traditional ‘wireline’ technology. In addition we can provide fully redundant services to customers that require that level of support.”

The capital to finance this expansion and related growth in operations was provided by Broadband Wireless Ventures, a privately held, St. Louis based Communications Company. Additional equipment lease financing was also secured.

“It is a strong endorsement of our strategy and management team that we have been able to attract this additional capital to fund NetLogic’s continued growth and development”, said Young. “Our investors believe that NetLogic is well positioned to capture significant market share by virtue of our strong customer focus, unique approach to delivering services, and our attractively priced service packages.”

NetLogic provides reliable, high-speed wireless Internet access services to business and residential customers in St. Louis, St. Charles, Lincoln and Warren counties. “The additional funding we have secured today will strengthen our position as the premier broadband wireless service provider in the St. Louis metropolitan area”, added Michael Croy, Co-Founder and Vice President of NetLogic. “This financial support will enable us to continue to expand our network coverage in the metro area and allow for demand-driven spending as we add customers.”

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