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Board of Directors of Reva, Inc. Approves New Company Name of Blue Wireless & Data, Inc.


DALLAS -- Reva, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:RVIA RVIA Recreational Vehicle Industry Association, Inc. ) announced today that its Board of Directors has unanimously approved proposals for consideration at a special meeting of shareholders. One of the proposals is to change the Company's state of legal incorporation from Colorado to Delaware, as part of which the name of the Company will change to Blue Wireless & Data, Inc.

The proposals will be submitted to shareholders of record on Oct. 4, 2004, for consideration at a special meeting of shareholders to be held on Nov. 15, 2004.

The proposed re-incorporation would not result in any change in the Company's headquarters, business, jobs, management, location of offices or facilities, number of employees, assets, liabilities or net worth. Also, the Company's common stock would continue to trade on the OTCBB under the symbol RVIA until the name change process has been completed.

Dennis McLaughlin, the Company's 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. , commented, "The Board believes that the new name -- Blue Wireless & Data, Inc. -- will be a major factor in launching a new marketing image that will enhance the ability to promote and grow our expanding wireless internet service network. We believe the re-incorporation to Delaware will be beneficial to the Company and its shareholders through obtaining the benefits of Delaware's comprehensive, widely used, and extensively interpreted corporate law."

The Company invites the public to view its new website at www.bluewirelessdata.com.

Approval of the proposals will require the affirmative AFFIRMATIVE. Averring a fact to be true; that which is opposed to negative. (q.v.)
     2. It is a general rule of evidence that the affirmative of the issue must be proved. Bull. N. P. 298 ; Peake, Ev. 2.
     3.
 vote of a majority of all the votes entitled en·ti·tle  
tr.v. en·ti·tled, en·ti·tling, en·ti·tles
1. To give a name or title to.

2. To furnish with a right or claim to something:
 to be cast by the company's common stock. Further information regarding the re-incorporation will be contained in a definitive proxy statement Proxy Statement

A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting.
 to be filed with the Securities and Exchange Commission and mailed to shareholders of the company as of the record date of the special meeting.

About Reva:

Reva, Inc. (www.bluewirelessdata.com) is engaged in the business of providing wireless internet service to customers primarily in rural areas of north Texas through its 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  network.

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.
 

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
COPYRIGHT 2004 Business Wire
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 17, 2004
Words:429
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