AirNet Communications Reaffirms 4th Quarter Forecast; Plans to Announce 4th Quarter and 2001 Fiscal Year Results.Business Editors/Technology Writers MELBOURNE, Fla.--(BUSINESS WIRE)--Jan. 22, 2002 AirNet Communications Corporation (Nasdaq:ANCC ANCC American Nurses Credentialing Center ANCC Association Nationale des Cardiaques Congénitaux ANCC Army-Navy Country Club (Arlington, VA) ANCC Area Nine Cable Council (state mandated government body in UK) ), the technology leader in software defined base station products for 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. , today reaffirmed its prior expectations for fourth quarter 2001 revenue. In the company's third quarter conference call, it forecasted fourth quarter revenue of approximately $4 million. "We are pleased to reaffirm our fourth quarter financial forecast," Glenn A. Ehley, president and chief executive officer for AirNet Communications, said. "Revenues in the fourth quarter improved nearly 100% over the third quarter." Conference Call The Company plans to announce fourth quarter and fiscal year 2001 financial results at 4:00 p.m. Eastern time on Tuesday, March 26, 2002. Following the announcement, AirNet will host an earnings conference call featuring Mr. Ehley and Joseph F. Gerrity, vice president and chief financial officer. The teleconference is scheduled to begin at 5:30 p.m. Eastern time and is expected to last approximately 45 minutes. Those interested in listening to the conference call should dial 719/457-2728. For those who cannot participate in the live conference call, a replay will be available beginning at 8 p.m. ET on Tuesday, March 26, until midnight ET on Tuesday, April 2, 2002. The replay number for the conference call is 719/457-0820 and the pass code is 494608. 2001 Annual Meeting The Company also announced plans to hold a 2001 Annual Stockholders Meeting on March 8, 2002 at the Rialto Rialto, city (1990 pop. 72,388), San Bernardino co., S Calif., a residential suburb of San Bernardino; inc. 1911. The city has greatly expanded as a result of the economic and demographic growth of the southern California area. Hilton in Melbourne, Florida Melbourne is a city in Brevard County, Florida, United States. As of the 2000 census, the city had a total population of 71,382. As of 2005, the population estimated by the U.S. Census Bureau is 76,646. . The 2002 Annual Meeting of Stockholders is being planned for later in the year. About AirNet AirNet Communications Corporation is a leader in wireless base stations and other telecommunications equipment that allow service operators to cost-effectively and simultaneously offer high-speed wireless Internet and voice services to mobile subscribers. AirNet's patented broadband, software-defined AdaptaCell(TM) base station solution provides a high-capacity base station with a software upgrade path to the wireless Internet. The Company's AirSite(R) Backhaul Free(TM) base station carries wireless voice and data signals back to the wireline network, eliminating the need for a physical backhaul link, thus reducing operating costs operating costs npl → gastos mpl operacionales . AirNet has 69 patents issued or filed and has received the coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. World Award for Best Technical Innovation from the GSM Association (GSM Association, Dublin, Ireland, www.gsmworld.com) A membership association founded in 1987 that promotes the development and evolution of the GSM communications standard worldwide. , representing over 400 operators around the world. More information about AirNet may be obtained by calling 321/984-1990, or by visiting the AirNet Web site at http://www.airnetcom.com. 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. Statement Under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995 The statements contained in this press release that are not historical information are forward-looking statements 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. that relate to future events or our future financial performance, including statements regarding our expectations, beliefs, plans, estimates, intentions or strategies for the future. Forward looking statements include statements regarding the transition and evolution to high-speed data and wireless Internet services, future sales to customers and customer deployment plans. All forward-looking statements included in this release are based upon information available to AirNet Communications Corporation as of the date hereof and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause our actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to, our historical and future losses, our limited operating history, fluctuations in our quarterly revenues and operating results, our need to raise additional working capital, and the difficulty of raising capital due to economic conditions and the status of capital markets. These and other risks are discussed in Company filings with the Securities and Exchange Commission, including its 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 the year ended December 31, 2000. AirNet(R) and AirSite(R) are registered trademarks with the U.S. Patent and Trademark Office. The stylized styl·ize tr.v. styl·ized, styl·iz·ing, styl·iz·es 1. To restrict or make conform to a particular style. 2. To represent conventionally; conventionalize. AirNet mark, AdaptaCell(TM), Super Capacity(TM), Backhaul Free(TM), and We're Ready for Anything(TM) are trademarks of AirNet Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations. |
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