ARC Wireless Named to Colorado Technology Fast 50; Award to Be Presented at Annual Shareholders' Meeting to Be Held on November 9, 2004.WHEAT RIDGE Wheat Ridge, city (1990 pop. 29,419), Jefferson co., N central Colo., a suburb of Denver; inc. 1969. Chiefly residential, Wheat Ridge is the site of an annual carnation festival. , Colo. -- ARC Wireless Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARCS) announced today that it has again been named to Deloitte & Touche's prestigious Technology Fast 50 program for Colorado, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP LLP - Lower Layer Protocol , one of the nation's leading professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003. The award will be presented at the Company's annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. to be held at the Company's new facility in Wheat Ridge, Colorado The City of Wheat Ridge is a Home Rule Municipality located in Jefferson County, Colorado, United States. Wheat Ridge is a western suburb of Denver. The Wheat Ridge Municipal Center is 5 miles (8 km) , on November 9, 2004. "All of us at ARC Wireless are honored that we have been one of the top performers for a second straight year with a ranking of 16th in the Fast 50 of Colorado," stated Randall P. Marx, ARC Wireless Chief Executive Officer. "We are excited with our top and bottom line growth this year and the contribution and strategic proficiency of our wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Winncom Technologies." To qualify for the Technology Fast 50, companies must have had operating revenues of least $50,000 in 1999, and $1,000,000 in 2003, must be public or private companies headquartered in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues and/or devoting a significant proportion of revenues to research and development of technology. Winners of the 19 regional Technology Fast 50 programs in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com. "To rank on the Deloitte Technology Fast 50, companies must have exceptional revenue growth over five years. ARC Wireless has proven to be one of the fast-growth success stories in Colorado, and we applaud their success and vision," stated Steve Yaroch, Chair of the 2004 Colorado Technology Fast 50 and Colorado Technology, Media & Telecommunications Practice Leader, Deloitte & Touche LLP. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Deloitte & Touche (also referred to as Deloitte Touche Tohmatsu, and branded as Deloitte.) is the second largest professional services firm in the world, and one of the Big Four auditors, along with PricewaterhouseCoopers, Ernst & Young and KPMG. , a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 150 countries. With access to the deep intellectual capital of 120,000 people worldwide, Deloitte delivers services in four professional areas -- audit, tax, consulting, and financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal -- and serves more than one-half of the world's largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. In the U.S., Deloitte & Touche USA LLP is the member firm of Deloitte Touche Tohmatsu, and services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP and their subsidiaries) and not by Deloitte & Touche USA LLP. The subsidiaries of the U.S. member firm are among the nation's leading professional services firms, providing audit, tax, consulting and financial advisory services through nearly 30,000 people in more than 80 cities. Known as employers of choice for innovative human resources programs, they are dedicated to helping their clients and their people excel. For more information, please visit the U.S. member firm's website at www.deloitte.com/us. About ARC Wireless Solutions, Inc. ARC Wireless Solutions, Inc. is involved in selective design, manufacturing and marketing, as well as distributing and servicing, of a broad range of wireless components and network products and accessories. The Company develops, manufactures and markets proprietary products, including base station antennas (for cellphone (CELLular telePHONE) The first ubiquitous wireless telephone. Originally analog, all new cellular systems are digital, which has enabled the cellphone to turn into a smartphone that has access to the Internet. towers) and other antennas, through its Wireless Communications Solutions Division; it is a value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. distributor of Wi-Fi and other wireless networking products through its Winncom Technologies Corp. subsidiary; and it designs, manufactures and distributes cable assemblies for cable, satellite and other markets through its Starworks Wireless Inc. subsidiary. The Company's products and systems are marketed through the Company's internal sales force, OEMs, numerous reseller distribution channels, retail and the Internet. ARC Wireless Solutions, Inc., together with its Wireless Communications Solutions Division and its Starworks Wireless subsidiary, are headquartered in Wheat Ridge, Colorado. The Company's Winncom Technologies Corp. subsidiary is located in Solon, Ohio. For more information about the Company and its products, please visit our web sites at www.arcwireless.net, www.antennas.com, www.winncom.com and www.starworkswireless.com. This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position. This Release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. See the Company's most recent Quarterly Report on Form 10-Q Form 10-Q See 10-Q. and Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for additional statements concerning important factors, such as demand for products, manufacturing costs, and competition, that could cause actual results to differ materially from the Company's expectations. |
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