Let’s Gowex S.A. (LGWXY: OTCQX International) | GOWEX launches Free Wi-Fi in San Francisco

GOWEX launches Free Wi-Fi in San Francisco

Jun 11, 2013

OTC Disclosure News Service

Madrid, Spain

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GOWEX launches
Free Wi-Fi in San Francisco

?     Following
on from the launch of their Smart Wi-Fi Zones in New York City, GOWEX has moved
to the West Coast with 450 Wi-Fi Smart Zones in San Francisco

?     Eight
million residents and sixteen million annual visitors will now benefit from
GOWEX Free-Wifi  

?     The
potential audience for GOWEX in the US is now nearly 100 million people per


Madrid, June 11, 2013 -. GOWEX (GOW-MAB, ALGOW
NYSE Alternext, LGWXY- OTCQX), a global leader in the creation of Wireless
Smart Cities ? and Intelligent transportation access, announces the
implementation of its Smart Wireless Project in San Francisco, with more than
450 Smart Wi-Fi zones.

Wi-Fi areas will first be launched in the main districts
of San Francisco, and then rolled out to other areas.

Francisco Wi-Fi by GOWEX

San Francisco is ranked second in the US, after
Honolulu, for its quality of life. With over 16 million visitors annually, the
city has today added another attraction – free Wi-Fi, with smart services
available in neighborhoods including Union Square, the Financial District,
Mission, Twin Peaks and Marina. As in New York, GOWEX will gain revenue through
network offloading, smart advertising and roaming platforms, and a services
derived Advertising Smart City project.

The Wi-Fi data download speed available can reach up
to 1 Mb connection speed and helps relieve the pressure on other operators of 3G
mobile networks, by enabling offloading, i.e. downloading, through GOWEX

USA: San Francisco and New York

GOWEX arrives in San Francisco following the launch
of ‘New York Wi-Fi’ in March this year, which saw great results in both the number
of network users and advertising. The potential audience in the U.S. for GOWEX,
including both tourists and residents in both cities, will now be close to 100
people a

Extending the GOWEX footprint to large cities in the
United States is a main element of the company?s growth strategy; by increasing
the number of potential users, extending the advertising market and improving
technological development. San Francisco is also, importantly and famously, the
home of many large global technology firms, located in areas such as Mountain
View, Palo Alto and Silicon Valley.

Jenaro Garcia, GOWEX CEO commented that “GOWEX
Wi-Fi in San Francisco is not only of great commercial and strategic value, it
also has great symbolic value. GOWEX now offers a valuable service in a City
that hosts the world’s largest technology showcase and some of the largest and
most progressive technology firms.”



GOWEX has operated in the
telecommunications sector for 14 years. It is currently leading the creation of
“Wi-Fi Cities,” which offers free and premium Wi-Fi connectivity on the
street and in means of public transportation. The company is now exporting its
innovative business models to many cities in Europe, South America, Asia, and
emerging countries.  In 2010, Gowex became the first and only
Spanish [SMB ? in full] to list its shares on two exchanges (a ?Dual Listing?)
with quotations on both the MAB stock market (GOW) and on the NYSE-Alternext
(ALGOW).. The company has demonstrated continuous growth since 2008, and in
2012 achieved a turnover of ? 114.3 million and net profit of ? 17 million . In
February 2013, the SEC approved the launch of a program of ADR (American
Depositary Receipt), enabling the Group to be also traded in the United States
on the OTCQX marketplace.

Effective since  March 
2013  following the stock split by
5:1, the number of outstanding shares of the company is 72,313,360, maintaining
the nominal amount of share capital by 723,133.60?.


offices in Madrid, Buenos Aires, London, San Jos? (Costa Rica), Paris and
Shanghai, GOWEX develops a sustainable business model in its Wi-Fi networks,
based on the efficient and technical quality of their patented platforms: the
Roaming Platform, which allows users to connect freely in all the cities, and
the Geolocalization Content and Advertisement Platform, which provides
financing business through marketing and advertisement agreements.

2011, GOWEX joined the Wireless Broadband Alliance and received a prize for the
?Best Web Company? on Internet Day. In February 2012, Jenaro Garc?a GOWEX CEO
received the ?Entrepreneur of the Year Award? by Ernst Young in the
category of “Innovation





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This release includes additional documents. Select the link(s) below to view.

20130611 GOWEX launches Free Wi-Fi in San Francisco.pdf

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/LGWXY/news?id=64337

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