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Axesstel Showcasing Its MV440 Wi-Fi Broadband Gateway At GetWireless' Booth At International CTIA WIRELESS I.T. & Entertainment 2009(GlobeNewswire Via Acquire Media NewsEdge) SAN DIEGO, Oct. 8, 2009 (GLOBE NEWSWIRE) -- Axesstel, Inc. (OTCBB:AXST), a leader in the design and development of fixed wireless voice and broadband data products, is showcasing its MV440 3G Gateway at GetWireless' booth (#943-G) in the Retail Pavilion at the International CTIA WIRELESS I.T. & Entertainment(R) 2009 at the San Diego Convention Center October 6th to 9th. As announced separately today, the MV440 has been approved to operate on the Verizon Wireless network through the Verizon Open Development Initiative (ODI). Clark Hickock, chief executive officer for Axesstel, stated: "We have been working with GetWireless for one year and there is already a high-level of interest for our advanced product line in North America. Now that our popular Wi-Fi broadband gateway is commercially available for use on Verizon Wireless' vast 3G mobile broadband network, our access in U.S. markets has significantly expanded." "The proven reliability and versatility of the MV440 in many application environments, such as DSL replacement and Wi-Fi hotspots, offer competitive advantages to standard wireline service. The MV440 provides dependable, cost-effective mobile broadband router solutions for small office home offices (SOHO), merchants, small and medium businesses (SMBs) as well as many vertical applications. We plan to work closely with GetWireless to bring the MV440 to market on the Verizon wireless network," Hickock added. "We have found great success with the Axesstel MV440 in the Regional Carrier marketplace and believe there is an excellent opportunity within the Verizon community as well," said Brian Taney chief executive officer of GetWireless. "The Axesstel MV440 provides a superior cellular and Wi-Fi capability so it performs well, even in tough coverage areas. We are confident our relationship with both Axesstel and Verizon will enable us to create a strong presence for the MV440," added Taney. The MV440 CDMA 1xEV-DO Rev. A Wi-Fi Gateway combines a 3G wireless wide area networking (WWAN) modem, Wi-Fi WLAN router and a four-port Ethernet switch to enable multiple users with high-speed broadband access to e-mail, the Internet, data intensive files and multimedia streaming in one easy to use, plug-and-play desktop networking device. About Axesstel, Inc. Axesstel (OTCBB: AXST) 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, machine to machine applications, 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) 2009 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc. The Axesstel, Inc. logo is available at //www.globenewswire.com/newsroom/prs/?pkgid=6261 About GetWireless, LLC With North American headquarters in Minneapolis, MN, GetWireless distributes cellular-based solutions in the United States and Canada. These solutions are designed to offer standard landline functionality by leveraging the existing cellular networks. The company provides solutions to thousands of network operators, MVNOs, retailers, resellers and independent agents in North America, and also represents some of the world's leading wireless manufacturers. For more information, please contact GetWireless at (800) 900-9025, email at [email protected] or visit their Dealer Resources page at www.getwirelessllc.com/dealers. "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. CONTACT: Axesstel, Inc. Company PR Contact: Alysia Lee + 1-858.625.2100 X310 [email protected] GetWireless PR Contact: Mike Nordquist +1-800.990.9025 X205 Lippert / Heilshorn & Associates Investor Relations Contact: Cathy Mattison +1-415.433.3777 [email protected] 2009 GlobeNewswire, Inc. |