Air Media Now! Inc. Announces A Correction To A Previous Release Regarding Terms Of Its Recent Merger.Business Editors/Technology Writers CELEBRATION, Fla.--(BUSINESS WIRE)--April 18, 2002 Air Media Now! Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMNW), the result of an earlier merger of Syndeos Group, Inc and Nortex Associates Inc., is stating a correction to the reported terms of this completed deal. The merger resulting in the new symbol and name change. The terms of the agreement called for Syndeos Group to issue thirty six million (36,000,000) shares of common stock and nine million (9,000,000) shares of Series A Preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. of Syndeos Group, Inc. in exchange for all the issued and outstanding shares of Nortex Associates, Inc and not the forty five million (45,000,000) shares of common stock reported in an earlier release dated April 9th, 2002. Air Media Now! is a 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 Web Services Company that provides a complete line of wireless devices, content and software that use automatic switching technology (ASNAP ASNAP Automatic Switching of Network Access Points (CalypsoWireless Inc.) (TM)) to seamlessly handoff between existing cellular networks and emerging Wireless Local Area Networks (WI-FI(TM)) around the world. Its real Time Wireless Collaborative Area Network (WCAN WCAN WWMCCS Crisis Alerting Network (US DoD) (TM)) Computing Solutions synchronize existing legacy and emerging Internet based applications to the wireless device in order to provide security, increase efficiencies, and reduce costs. As a distributor and global leader of broadband wireless web services technology, its exclusive license to resell Calypso Calypso, in Greek mythology Calypso (kəlĭp`sō), nymph, daughter of Atlas, in Homer's Odyssey. She lived on the island of Ogygia and there entertained Odysseus for seven years. Wireless ASNAP(TM) technology solves problems inherent to seamless hand offs between cellular and wireless networks. Its security and synchronization technology will enable users to extend their business enterprise and/or home environment to mobile devices. The Company believes that its end to end solution enables the acceleration of the deployment of high bandwidth mobile handsets, PDAs. Portable Personal Computers, notebooks and new emerging wireless form factors. More about the company can be found at http://www.airmedianow.com. 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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