GOWEX deploys in New York one of the biggest free WiFi Networks in the world

MADRID --(Business Wire)--

Regulatory News:

GOWEX (MAD:GOW) (Paris:ALGOW) (GOW-MAB, ALGOW-NYSE Alternext, LGWXY-OTC), leading company creating Wireless smart cities (Wireless Smart Cities®) and intelligent WiFi (News - Alert) into the transport, will offer its Free WiFi solution to New York by the deployment of 1953 WiFi smart zones in the biggest neighborhoods of the city. Thanks to GOWEX, the almost 20 million of New-Yorkers and also the 52 millions of tourists who visit the city, will have free Internet access through-out the hundreds of hotspots spread out between Manhattan, Queens, Staten Island, Brooklyn and the Bronx.

GOWEX will make profitable derivative investment efforts of this project, among others, through the following incomes:

Revenue from roaming and offloading: counting with more than 130 carriers that the proprietary platform from GOWEX roaming has. Among them, recent agreements announced with AT & T and Deutsche Telekom
Advertising revenues: by Smart Advertising platform from GOWEX both advertisers for the American market and for tourists visiting the city. America is the world's largest advertising market.
Revenues from Smart City services, based, service platform also owned by GOWEX, Wireless Smart Cities ® (WSC) Platform.

GOWEX in the United States

New York has always been considered as one of the strategic cities in which GOWEX wished to deploy its solutions. By this offer, the Company enters in the best possible way into the North American market and now reaches millions of potential users. "Offering our service in New York is a dream come true but als one more step towards our goal which is to soon cover the United States of America as well as we already cover Europe", said Jenaro García, GOWEX's CEO. "Offering free Internet in Times Square, Broadway, Fifth Avenue or Park Avenue thanks to a 100% Spanish project, is an honor", stated Jenaro García.

This new step follows the recent entrance of the Company into the North American market, where it will soon be listed through an ADR program (American Depositary Receipt) enabling the company's shares to be traded on the Over The Counter" (OTC) market (Ticker LGWXY).

An offer adapted for New Yorkers

The Free WiFi GOWEX connection will have certain technical specifications adapted to the use of New Yorkers and tourists. To access to the "FREEWiFiGOWEX" network, the users will have to previously download the GOWEX WiFi Free application, available for iOS and Android (News - Alert) devices. This app, which is making its debut in New York in its 3.0 version, will offer among other functionalities: a smartzone map, adapted to the North American metric system, thematic new specific theme channels and city centric information pages.

Furthermore, the data download will be achieved through a 1Mb speed connection for free users. The network will also allow the 3G network operators to offload the data traffic through the GOWEX hotspots and therefore help enable relieve their networks that are regularly saturated in many points of New York due to the high number of connections and users in most of these areas.

New York, WiFi city

Earlier this year, Google (News - Alert) announced a Free WiFi deployment in Chelsea. The Silicon Valley giant offers free internet connection to the 2.000 citizens and thousands of visitors in this district.

With the GOWEX project, Free WiFi now extends to all the neighborhoods in the City. New York now stands as a reference in terms of Free WiFi around the world.

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

GOWEX (GOW-MAB, ALGOW-NYSE Euronext) 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 €66.7 million in 2011, and for the first half of 2012, it was €41 million (60% over the same period on 2011. On December 2012, GOWEX subscribed a €18 million capital, adding 1,528,404 new common shares to the market. In February 2012, the SEC (News - Alert) approved the launch of a program of ADR (American Depositary Receipt), enabling the Group to be also listed in the United States on the OTC market.

With offices in Madrid, Burgos, Buenos Aires, London, San José (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 Garcia GOWEX CEO received the "Entrepreneur of the Year Award" by Ernst & Young in the category of "Innovation".