ARC Wireless Named to Colorado Technology Fast 50.Business Editors 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.--(BUSINESS WIRE)--Oct. 7, 2003 ARC Wireless Solutions, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ARCS) announced today that it has 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 1998-2002. "We are very excited to be associated with the Fast 50 and Colorado," stated Randall P. Marx, ARC Wireless Chief Executive Officer. "We owe our success and growth to our acquisition strategy, new product development, loyal shareholders and over 100 dedicated employees at both our ARC Wireless Solutions division and Winncom Technologies subsidiary," Mr. Marx added. To qualify for the Technology Fast 50, companies must have had operating revenues of least $50,000 in 1998 and $1,000,000 in 2002, 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 devoting a significant proportion of revenues to research and development of technology. Winners of the 20 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. "In today's economy, high percentage revenue growth is an exceptional accomplishment. We commend ARC Wireless for making the commitment to technology and delivering on the promise of market longevity. We applaud their success and vision and are proud to honor ARC Wireless as a Deloitte & Touche Technology Fast 50 winner," stated Steve Yaroch, Chair of the 2003 Colorado Technology Fast 50 and Colorado Technology, Media & Telecommunications Practice Leader, Deloitte & Touche LLP. About Deloitte & Touche Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects services through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice 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. . Deloitte Touche Tohmatsu is a Swiss Verein A Swiss Verein ("Verein" is German for "Union") is a legal structure in Swiss law. It is similar to the Anglo-American voluntary association. Unlike Germany, a Swiss Verein does not need to be registered in order to have a separate legal personality. Most Swiss NGOs resp. , and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site 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 Products 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 Products Division and its Starworks Wireless subsidiary, is headquartered 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) . 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-QSB and Annual Report on Form 10-KSB 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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