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Global Entertainment Technology's CEO Dain Schult Comments on the State of US Rural Broadband
GET's Rural Strategy That Includes Wireless Dovetails With the Needs of Small Town USA
GET CEO, Dain L. Schult, remarked, "Through our Wisplinx division we will have a build-out group responsible for installing high-speed WiFi equipment to various residences, businesses and farms in the rural areas in which GET will serve and be able to provide that kind of equipment and expertise to other groups in areas where GET doesn't own radio stations.
"With GET already having an agreement to acquire a long established wireless software and hardware manufacturer we'll have the in-house ability to actually build out not only the wireless operations but also new and innovative energy creation products that GET will also be able to market to rural areas.
"According to the Federal Communications Commission (FCC), broadband normally refers to high-speed Internet access that is always on and faster than dial-up access. Slower and less reliable dial-up uses a modem and standard phone line to establish an Internet connection. Broadband technologies include Digital Subscriber Line, or DSL, cable modem and fiber. High-speed Internet is a term often used interchangeably with broadband.
"On the local front, regarding Georgia's rural population without high-speed Internet access, a recent presentation from the Georgia House Budget and Research Office given at a House Rural Development Council meeting reports an estimated 626,070 individuals, or 25 percent of the rural population in Georgia, were without access to the FCC's minimum benchmark. The FCC's standard for fixed broadband Internet is speeds of 25 Megabits per second for downloads and 3 Megabits per second for uploads.
"When President Trump spoke on Monday at the annual convention of the American Farm Bureau Federation in Nashville, he unveiled and then signed a presidential order that expedites federal permitting to allow broadband expansion in rural areas and makes it easier for wireless operators to put cell towers on federal lands. 'Those towers are going to go up and you are going to have great, great broadband,' Trump said in his speech.
"The President's order is founded on recommendations in a new report issued by the Task Force on Agriculture and Rural Prosperity. The FCC estimates 39% of people living in rural regions do not have access to broadband, compared with just 4% of people in cities.
"GET is committed to lowering that 39% as much as it can through the services it will offer in every town where it owns radio stations. Once fully operational, there will be promotional introductions of the specific Wisplinx WiFi products and services as well as the energy creation products that will be specifically geared to rural customers.
For more information about GETC and Wisplinx, contact Dain L. Schult, GET's Chief Executive Officer.
Safe Harbor for Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21B of the Securities and Exchange Act of 1934, as amended. Readers are cautioned not place undue reliance on these forward-looking statements, which are only predictions and only speak as of the date hereof. Forward-
These risks and uncertainties could cause the Company's actual results, once it's fully operational and trading, to differ materially than those indicated in the forward-looking statements.
Management regularly provides news and additional information believed to be true and accurate at the time of dissemination but has no requirement to modify, comment or change in the future should circumstances change or information prove to be inaccurate for any reason. This is not a solicitation for funding or investment in the Company. Additionally, GET makes every effort to comply with all applicable laws.
http://www.getglobalentertainmenttechnology.com (Link to GET's corporate website)
http://www.dainschult.com (Link to more information about Dain L. Schult)
Global Entertainment Technology, Inc.
Dain Schult, CEO