Boingo Wireless, Inc. (NASDAQ: WIFI), the Wi-Fi industry’s leading provider of software and services worldwide, today announced an agreement with Cafaro to manage and operate retail Wi-Fi networks in the developer’s three busiest shopping centers. With this agreement, Boingo now manages Wi-Fi networks in 33 malls across the country.
Cafaro’s shopping center guests will be able to access Boingo Wi-Fi on any Wi-Fi-enabled device – including their smartphones, tablets and laptops – while shopping, eating or relaxing. Boingo’s roaming partners, such as Skype and Verizon, will also be able to access the networks easily.
“Everyone in the mall today seems to have a device in-hand, whether they’re actively shopping, doing business with tenants or just watching the world walk by,” said Anthony Cafaro, Jr., Co-President of the Cafaro Company. “Boingo’s valuable experience in managing Wi-Fi in large venues will help us deliver more value to the shopping experience at our properties.”
“Consumers increasingly expect that Wi-Fi will be available when they pull out their smartphone in public places like shopping malls and restaurants,” said Joe DeStasio, business development manager for Boingo Wireless. “With capped data plans on their cellphones, they continue to look for ways to maintain their digital lifestyle without incurring exorbitant data overage fees.”Boingo will install Wi-Fi networks in the Spotsylvania Towne Centre (Fredericksburg, Va.), the Eastwood Mall (Niles, Ohio) and the South Hill Mall (Puyallup, Wash.). With the addition of these three shopping centers with 25 million annual guests, Boingo now manages or operates the Wi-Fi offering at 33 malls operated by Cafaro, Caruso, Glimcher, Urban Retail and Westfield LLC, with combined annual foot traffic of 290 million people. Boingo also has secured future rights to an additional 10 centers with another 65 million annual visitors. About Boingo Wireless Boingo Wireless, Inc. (NASDAQ: WIFI), the world’s leading Wi-Fi software and services provider, makes it easy, convenient and cost-effective for people to enjoy Wi-Fi access on their laptop or mobile device at more than 400,000 hotspots worldwide. With a single account, Boingo users can access the mobile Internet via Boingo Network locations that include the top airports around the world, major hotel chains, cafés and coffee shops, restaurants, convention centers and metropolitan hot zones. Boingo and its Concourse Communications Group subsidiary operate wired and wireless networks at large-scale venues worldwide such as airports, major sporting arenas, malls, and convention centers, as well as quick serve restaurants. For more information about Boingo, please visit http://www.boingo.com. About Cafaro Cafaro affiliated companies are based in Youngstown, Ohio. One of the nation’s largest privately held shopping center developers, the Cafaro organization owns and oversees more than 30 million square feet of commercial real estate in 11 states. Founded by the late William M. Cafaro in the 1940's, the firm is now in its seventh decade and third generation as a family owned and managed business. For more information visit www.cafarocompany.com. Boingo, Boingo Wireless, the Boingo Wireless Logo and Don’t Just Go. Boingo! are registered trademarks of Boingo Wireless, Inc. All rights reserved. All other trademarks are the properties of their respective owners. Cautionary Statement Regarding Forward-Looking Statements This press release contains “forward-looking statements” that involves risks, uncertainties and assumptions. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Since forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements include regional, national or global political, economic, business, competitive, market and regulatory conditions, as well as other risk and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission ("SEC"), including our Prospectus previously filed with SEC pursuant to Rule 424(b)(4) on May 5, 2011. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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