Airbee Moves to Become Fully Reporting Company.ROCKVILLE, Md. -- Airbee Wireless Inc., (Other OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : ABEW), an innovator of intelligent software for wireless voice, data and video communications, today announced that it has filed a Form 10-SB with the Securities and Exchange Commission (SEC). This is another major step in Airbee's progress toward becoming a fully reporting public company. "Earlier this year, Airbee pledged to its shareholders that we would increase the level of financial transparency for both shareholders and investment analysts," said Airbee Chief Financial Officer Richard Sommerfeld. "We are firmly committed to increasing our liquidity and public float, as well as expanding our presence in the equity markets via the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. or another stock exchange. Coupled with our strong and expanding product portfolio, we will continue to build momentum to grow Airbee's public valuation and become a global leader in short-range wireless voice, data and video communications." Since the end of July when the ZigBee Alliance released the ZigBee standard for comment by its members, Airbee's sales team has been especially busy liaising with clients and prospects on a range of applications from consumer electronics to automated meter reading and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States . "Since becoming a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. earlier this year, we continue to work diligently for our shareholders. Our technical team is now in a position to support our Airbee UltraLite(TM) product for peer-to-peer and star topologies for compliance certification, with mesh topology See mesh network. to follow soon," added Airbee CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Raj Sundaresan. About Airbee Wireless Headquartered in Rockville, Maryland Rockville is the county seat of Montgomery County, Maryland, United States. According to the 2006 census update, the city had a total population of 59,114, making it the second largest city in Maryland. , and with offices in Singapore and Chennai, India, Airbee Wireless is an innovator of intelligent connectivity software for wireless voice, data and video communications. Its product portfolio enables consumer and business devices to wirelessly connect to each other over short distances. Airbee is a developer of software licensed to manufacturers of microprocessors used in an increasing number of 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. applications. A member of The ZigBee Alliance, Airbee's competitive edge is attributed to utilizing a software approach vs. a hardware approach - enabling it to provide lower cost, greater flexibility and shorter time to market for its customers. To learn more about getting unwired Unwired is an Australian public company dedicated to building a nationwide, fixed wireless telecommunications network offering carrier grade Internet services. They currently provide coverage in Sydney and Melbourne. with Airbee inside, please visit www.airbeewireless.com. Legal Notice Regarding 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. : "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Airbee Wireless, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and/or changes in our business strategies. |
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