5G Wireless Successfully Removed From Berlin Stock Exchange After Unsanctioned Listing.Business Editors MARINA DEL REY Del Rey may refer to:
5G Wireless Communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FGWC) announced today that it has successfully been removed from the Berlin Stock Exchange, where it was listed without the company's authorization. "We discovered the unsanctioned listing a few weeks ago and were shocked," stated Jerry Dix, Chief Executive Officer of 5G Wireless. "Our attorneys moved quickly and effectively to de-list our stock so as to protect it from what we suspect was an attempt at naked short-selling, and as of the 27th of May, 2004, 5G Wireless has officially been removed from the Berlin exchange." The Company is also taking preventative measures by processing documentation to be delivered to all other international exchanges in order to prevent further unauthorized listings of its stock. About 5G Wireless Communications, Inc. 5G Wireless Communications, Inc. (www.5gwireless.com), located in Marina del Rey, CA, develops and sells wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 solutions. 5G Wireless customers receive dependable, high-speed Internet See broadband. access at significantly lower acquisition and implementation costs than most major competitors. 5G Wireless' products are distinguished by their exceptional data rate/range, number of concurrent users, line-of-sight capabilities and a unique security protocol. These features are particularly significant through 5G Wireless' use of IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11b enhancements for "last mile" roaming and point-to-multipoint networks. For additional information, please visit www.5gwireless.com. Or call 800-916-1611. Except for the historical information contained herein, the matters set forth in this press release, including statements as to the prevention of unauthorized listings, are forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially including technical complications that may arise that could prevent the prompt implementation of any strategically significant plan(s) outlined above and other risks as set forth in the Company's filings with the United States Securities and Exchange Commission including its Form 10-KSB for the fiscal year ended December 31, 2003. All product or service names mentioned herein are the trademarks of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion