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Marquis Tech Holdings updates on its wireless Internet project
[July 25, 2011]

Marquis Tech Holdings updates on its wireless Internet project

Jul 25, 2011 (M2 EQUITYBITES via COMTEX) -- Owner of revenue generating technology portfolio and real estate assets, Marquis Tech Holdings Inc (Pink Sheets:MGRND) on Friday provided updates on its Wi-Fi and IPTV system, which is in development.

The company said that a state of the art subscription based wireless service will be offered to residents of Linden, Guyana with a population of about 60,000 and added that in the last five months it carried out pre-development initiatives, feasibility studies it will soon finalise the selection of the systems major components.

Earlier this year, Marquis Tech signed a joint venture agreement with a License to Transmit owner to transmit in Linden. The licence owner was said to have been searching for a partner proficient in technology and telecommunication systems, that could build out the wireless Internet service provider infrastructure and manage the operations and logistics thereafter.

Wireless Internet will cost less than half of the current price point in an areas with limited access to television and Internet services and used by less than 1% of the population at present, due to the high installation and maintenance costs.

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