Axesstel, Inc. (AMEX:AFT), a leader in the design and development of fixed wireless voice and broadband data products, announced during the first quarter of 2008 it shipped $2.4 million of broadband Wi-Fi gateways and CDMA fixed wireless phones to Nordisk Mobiltelefon in Sweden, Norway and Denmark. Combined with 2007 deliveries, total shipments to NMT reached $3.5 million as of the first quarter 2008.
Johan Lodenius, President of Nordisk Mobiltelefon Technologies, stated, “In late 2007, we chose Axesstel’s MV410 CDMA EV-DO Rev. A gateways for its excellent performance and feature set including Wi-Fi router, receive diversity and multiple data interface ports. With high market demand in Scandinavia, we increased the magnitude of our modems orders and expanded purchases to include CDMA fixed wireless phones.”
Clark Hickock, CEO of Axesstel, said, “We have focused on growing our presence in Europe, the Middle East and Africa (EMEA). Our protocol to produce a series of products that offer the same features to many spectrums on 450 MHz, 800 MHz, and 1900 MHz has enabled us to serve many markets worldwide without increasing production costs. We are proud to expand our relationship with Nordisk Mobiltelefon, which serves one of the most advanced telecom regions in the world, as we believe it is a testament to our product’s quality and performance.”
About Nordisk Mobiltelefon
Nordisk Mobiltelefon is a mobile communications operator with an objective to provide private and business users with advanced mobile and broadband telecommunications services in combination with nationwide coverage. The company is currently building up operations and rolling out proprietary cellular networks in Norway, Sweden, Denmark, Poland, Ireland and Iceland based on the combination of the world leading 3G technology CDMA2000 with the superior coverage obtained by the 450/410 MHz bands. The parent company of the group is Nordisk Mobiltelefon AB. The largest owners of Nordisk Mobiltelefon AB are the original founders, Orkla, Qualcomm and Siminn (Iceland Telecom).
About Axesstel, Inc.
Axesstel (AMEX:AFT) is a recognized industry leader in the design and development of fixed wireless voice and broadband data products. Axesstel's best in class product portfolio includes broadband modems, 3G gateways, voice/data terminals, fixed wireless desktop phones and public call office phones for high-speed data and voice calling services. The company delivers innovative fixed wireless solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California with a research and development center in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com.
(C) 2008 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements relating to market penetration and conditions, product capabilities and the timing of new product introductions which may affect future results and the future viability of Axesstel. Axesstel wishes to caution readers that actual results could differ materially from those suggested by the forward-looking statements due to risks and uncertainties and a number of important risk factors. Those factors include but are not limited to the risk factors noted in Axesstel's filings with the Securities and Exchange Commission, such as to the need for additional working capital; economic and political instability in developing markets served by Axesstel; unforeseen manufacturing difficulties, unanticipated component shortages, competitive pricing pressures and the rapidly changing nature of technology and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Axesstel's products; product and customer mix; Axesstel's need to gain market acceptance for its products; dependence on a limited number of large customers; potential intellectual property-related litigation; Axesstel's need to attract and retain skilled personnel; and Axesstel's reliance on its primary contract manufacturer. All forward-looking statements are qualified in their entirety by this cautionary statement, and Axesstel undertakes no obligation to revise or update this press release to reflect events or circumstances occurring after this press release.
Contacts:
Axesstel, Inc.
Alysia Lee,
+1-858-625-2100 X310
alee@axesstel.com
or
Investor
Relations Contact:
Lippert/Heilshorn & Associates
Kirsten
Chapman/Cathy Mattison, +1-415.433.3777
cmattison@lhai.com
