Air-Q to Buy Hotspotter

Air-Q Wi-Fi signs letter of intent to acquire Maryland-based company that provides WiFi hotspot Internet service to Maryland and Pennsylvania

October 24, 2003

1 Min Read

BATON ROUGE, La. -- Air-Q Wi-Fi Corporation (AQWF), a Wi-Fi (wireless fidelity) Internet access provider, announced today that it has signed a letter of intent to acquire a privately-held provider of Wi-Fi hotspot Internet access based in the Greater Washington, D.C. area. The acquisition target operates 11 hotspots, including two situated in nationally-known hotels, located in seven cities in Delaware, Maryland and Pennsylvania. Air-Q expects that it will sign a definitive acquisition agreement, following a prescribed due diligence period.

"This acquisition is designed to accelerate the growth of our Q-Spot 'footprint'," said David Loflin, Air-Q's president. "This acquisition also is representative of the present opportunities in the Wi-Fi industry."

B. Edward Haun & Company (303-595-4667), a Denver, Colorado-based consultant to Air-Q, facilitated the introduction of the acquisition target to Air-Q.

A Q-Spot, or hot spot, in Air-Q's Wi-Fi system is a transmission point that is connected directly to the Internet, either through a telephone line or cable television fiber, through which users' data travels.

Air-Q Wi-Fi Corp. (AQWF)

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