IGONET Launches "Magic Box" and WI-Max Technology; Expected to Take the Telecommunications Released by: Kari K. Spencer Web Site: http://www.igonet.net/s2fcomputers IGONET’s "magic box" and WI-Max technology promise to revolutionize the TelCom industry. IGONET is Email: financialstories@juno.com Keywords: TECHNOLOGY, BUSINESS, VOIP, TELECOMMUNICATIONS, BUSINESS OPPORTUNITIES, GROUND FLOOR, INITIAL PUBLIC Update Date: 10/20/2005 2:08:39 PM Hits: 970 Descrption:  For Immediate Release: Craig O. McGraw is best known for his nationwide cellular empire which he sold to AT&T for $11.5 billion in 1994. Now he is trying to get back on the air, and is once again breaking new ground in the telecommunications industry. For the past two years, he has been snatching up wireless broadband companies, and developing and improving VoIP technology. And, according to Business Week Online, the wireless broadband technology he's investing in has the potential to be one of the most disruptive forces in the communications industry in years (Business Week Online, May 24,2004.) In conjunction with J.P. Sullivan, he is set to launch a brand new company in late October 2005. The company is IGONET, and it will offer affordable and easy-to-use broadband telephone service. By using VoIP, IGONET will use high-speed Internet connections to send all calls to and from its users through a small broadband phone service adapter. It then route will route those calls over the Internet, instead of using a traditional landline telephone network. The technology is completely portable, using a small adapter that IGONET refers to as the "Magic Box," which is about the size of a deck of cards. Using this box, customers can make and receive calls to their VoIP telephone number from any location that has high-speed internet access. Wireless broadband may prove to be troubling competition for the cable companies. Already, thousands of small wireless Internet service providers are delivering different forms of the technology to small pockets of homes and businesses. The threat will grow more serious as chip maker Intel Corp. (INTC ) and other industry heavyweights get behind the wireless broadband standard known as WiMax, which is expected to lower costs, drive demand, and extend the technology's reach. The first WiMax equipment hits the market next year, and by 2007 industry revenues could exceed $5 billion, according to researcher Visant Strategies Inc. While small companies have been using the wireless technology in isolated markets, McCaw is the first person who has the money, reputation, and skill to take on the current broadband players across the country on a large scale. Next year, IGONET plans to launch the sale of wireless telephones that will make use of WiMax technology, and will eventually allow customers to make free phone calls anywhere in the world using a wireless "cellular" telephone. Interestingly, IGONET does not plan to advertise its product through traditional marketing channels. Instead, it will break new ground, offering the technology to the public to sell through a direct marketing plan. For more information, IGONET had published a short informative video that explains the technology and the business opportunity. Visit http://www.igonet.net/s2fcomputers.