Air Media Now! Announces New Board of Directors; Air Media Now! Announces Change of Control of the Company After Controlling Interest was Acquired by New Investment Group.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--Sept. 4, 2002 Air Media Now! (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMNW) a distributor and global leader of broadband wireless See wireless broadband. web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. technology announce that an investment group headed by Barney A. Richmond purchased approximately 72% of the companies outstanding stock on June 20th, 2002. The new shareholders have appointed Barney A. Richmond of West Palm Beach, Florida West Palm Beach, also known as West Palm, is the most populous city in Palm Beach County, Florida, USA. The city is also the oldest incorporated municipality in South Florida. According to the University of Florida's 2006 estimates, the city had a population of 107,617. , Norman Taplin of West Palm Beach and Harry M. Timmons of Orlando, Florida to the company's Board of the Directors. In conjunction with the sale of the shares, the new shareholders have accepted the resignations of the Chairman of the Board of Directors, Ivan Irana and directors Sean O'Brien and Joseph Sineno Jr. Air Media Now! is a Wireless Solutions provider specializing in the Integration and Delivery of Wireless Broadband Internet Services and Content. Wireless Collaborative Area Networks trademarks are property of Air Media Now! Inc. All rights reserved, Air Media Now! Inc, 2002 This release is intended as a forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning 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. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company's expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs. |
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