TULSA, Okla., Aug. 6, 2013 (GLOBE NEWSWIRE) -- Sanwire Corporation ("Sanwire" or the "Company") (OTCQB:SNWR), a global provider of wireless communications services and data solutions, is pleased to announce its wholly owned subsidiary, Aero Networks ("Aero"), has applied for a second Missouri broadband Community Connect grant with the United States Department of Agriculture, Rural Utilities Services (USDA-RUS) for Gerster, Missouri estimated at $800,000.
Aero's Missouri office will be responsible for the design, build, equipment procurement, and operation of the new network. The contract is subject to USDA-RUS normal approval process which may amend the scope of the project prior to award. Aero expects to get USDA-RUS final grant approval in 4Q 2013, with installation and deployment to commence in 1Q 2014.
The project will initially encompass advanced telecommunications and broadband services for the Gerster, Wheatland and Weaubleau areas in St. Clair and Hickory County, Missouri. The proposed service area covers 78 square miles, contains 485 households and 181 businesses based on the FCC National Broadband Map and RUS Mapping Tool. Overall, Missouri currently ranks 37th among the 50 states in terms of broadband accessibility.
Rick Bjorklund, President of Aero, stated, "For 2013, this grant application is our second in Missouri and third under the USDA-RUS Community Connect grant program with an estimated total value of $2,800,000. Over the years, Aero's management team has an outstanding record in receiving USDA-RUS Community Connect broadband grants. As with our recently announced Gravois, Missouri project, the Gerster project will be structured as a public-private partnership with the goal of building sustainable broadband services for local communities."
About United States Department of Agriculture, Rural Utilities Services (USDA-RUS)
The USDA-RUS Community Connect program offers an exciting opportunity for needy communities to receive broadband services, build sustainable infrastructure, and to receive education and training on Internet usage and applications. Most of the grant recipient communities receive enormous benefits from the USDA-RUS program resulting in sustainable education, healthcare, medical and public safety advances for the community.
About Sanwire Corporation
Sanwire is a global provider of wireless communications services, data solutions, and application software/hardware. Sanwire's vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines with one goal in mind - deliver efficient and reliable communications. For more information, visit www.sanwire.net. Sanwire has two wholly owned subsidiaries in its current portfolio, iPTerra Technologies and Aero Networks. iPTerra is a designer, developer, manufacturer and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining and industrial industry (www.ipterra.net) . Aero Networks provides advanced telecommunications and broadband services to rural communities and Native American tribes with focus on public safety, education and healthcare sectors. Aero is a pioneer in delivering 4G/LTE, TV White Space, and advanced wireless technologies (www.aeronetworks.net).
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CONTACT: Gross Capital, Inc. Barry Gross (361) 949-4999 IR@sanwire.net