Let’s Gowex S.A. (LGWXY: OTCQX International) | GOWEX launches service in Brazil through Oi carrier

GOWEX launches service in Brazil through Oi carrier

Jun 26, 2013

OTC Disclosure News Service

Madrid, Spain

GOWEX launches
service in Brazil through Oi carrier

 

? GOWEX and Oi bilateral
agreement allows users to benefit from their thousands of Wi-Fi points
worldwide

? Entering Brazil, a key country
for GOWEX, is part of the company?s growth strategy of operating in 300 of the
world?s major cities

? Brazil is a great showcase
for Wi-Fi due to the 2014
FIFA World
Cup
and 2016
Olympic Games venue.

 

Madrid, 26th June 2013-. GOWEX (GOW-MAB,
ALGOW NYSE Alternext, LGWXY- OTCQX),
global company leader in creating Smart Cities Wi-Fi (Wireless Smart
Cities ?) and Intelligent Wi-Fi on public transport has announced a roaming
agreement with the historic Oi Brazilian company, second largest carrier in
South America and one of the official partners of the 2014 FIFA World Cup, in
order to promote Wi-Fi access in the country during the events that will attract
millions of people : the 2014 FIFA World Cup and the 2016 Olympic Games.

Brazil, the
best showcase for Wi-Fi over the coming years

Thanks to this bilateral agreement, GOWEX and Oi users will benefit from
the thousands of Wi-Fi hotspots that both companies have created around
the world. The Oi networks? appeal is even more evident when you consider the millions
of visitors are expected in the coming years
due to the events hosted in
Brazil and the country?s role as an emerging economy of high growth.

The mobile technology penetration in Brazil is extremely important, with
a 133.25% increase in February 2013, 263 million active lines and 65.68
million mobile connections
.

More than
100.000 hotspots in Brazil

The Oi Wi-Fi network will be extended around the country?s major cities
(more than 100.000 hotspots): from Rio de Janeiro to Sao Paulo, Fortaleza or
the capital, Brasilia,
in the rest of the world and in hotels and airports.
Likewise, Oi customers can now enjoy Wi-Fi access in GOWEX main capitals: from
Madrid to New York via Buenos Aires, San Francisco, Dublin and Paris, and more
than 70 cities around the world. In addition, users can connect to networks of
other members of the Gowex Roaming Platform, such as AT T, PCCW and
Deutsche Telekom, among others. Recently the coverage of Oi Wi-Fi Brazil
significantly exceeded the number of 100.000 hotspots in the country and is
expected to continue with high growth rates in the near future.

Jenaro Garc?a GOWEX, GOWEX CEO, said that “Brazil is a priority for us. Our agreement with Oi allows us to
be present in the best world?s showcase in the coming years and we are proud of
this relationship with a company as great as Oi .”

 

About
GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY-OTCQX)

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, it became the first and only Spanish
SMB to make a “dual listing,” publicly traded in MAB (GOW) and
NYSE-Euronext (ALGOW). The company’s total revenue amounted to 114,3 million in
2012. 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 OTC market. 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?.       

With offices in Madrid,
Burgos, Buenos Aires, London, San Jos? (Costa Rica), Paris, Shanghai, and
Dubai, 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.

In 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?

 

About Oi
Wi-Fi

Part of the Oi Group, one of
the largest telecom groups in the Brazilian market, Oi WiFi is responsible for
providing unlimited Wi-Fi access for Oi customers, offering also access plans
to customers from another carriers.
 

Active member of the Wireless
Broadband Alliance (WBA) and the Wi-Fi Alliance, Oi Wi-Fi was founded in 2002,
as the first company in Brazil to commercialize wireless internet access
through public Hotspots.

Nowadays Oi Wi-Fi manages the
largest Wi-Fi network in Brazil, totalizing more than 100.000 Hotspots spread all
over the country and millions throughout the world, thanks to Roaming
agreements. Elegible customers can enjoy fast and safe access several places
such as airports, coffee shops, restaurants, shopping malls, beaches, soccer
stadiums and many, many more!

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

20130626 GOWEX launches service in Brazil through Oi carrier.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=65049

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