BreezeCOM To Begin Trading On the Tel Aviv Stock Exchange.Business Editors TEL AVIV, Israel--(BUSINESS WIRE)--June 27, 2001 BreezeCOM Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BRZE) today announced that it has listed its shares for trading on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. (TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) ). Trading will begin during July 2001. The dual listing will enable Breezecom to take advantage of changes in Israeli law that simplify the listing process for companies which are also traded on Nasdaq, the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. , or the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . The law enables companies to list easily with minimal incremental costs. The dual listing will provide access to Israeli and international investors who currently do not or cannot trade U.S. shares because of various restrictions, high costs, time differences, or technical difficulties. The advantages of a dual listing include a near-continuous trading day and low-cost order execution on the Tel Aviv Continuous Trading (TACT) system. About BreezeCOM BreezeCOM is the leading provider of broadband wireless access (BWA) solutions used by service providers and enterprises. Its products provide a wireless alternative to wired access solutions, such as DSL and cable modems, and facilitate indoor and outdoor, as well as fixed and mobile wireless LAN connectivity. BreezeCOM products are based on a packet switching point-to-multipoint wireless platform, optimized for high-speed Internet and intranet access. Core technologies include spread spectrum radio, digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). , modems, networking protocols and VLSI VLSI: see integrated circuit. (1) (Very Large Scale Integration) Between 100,000 and one million transistors on a chip. See SSI, MSI, LSI and ULSI. (2) (VLSI Technology, Inc., Tempe, AZ, www.semiconductors. . On April 5, 2001, BreezeCOM entered into an agreement and plan of merger with Floware Wireless systems Ltd., pursuant to which, upon satisfaction of certain conditions, Floware will merge into BreezeCOM. For more information on BreezeCOM, please visit www.breezecom.com. BreezeACCESS is a trademark of BreezeCOM, Inc. All other trade names are the properties of their respective owners. This press release contains forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in demand for products, the timing and cancellation of orders and other risks detailed from time to time in BreezeCOM's filing with the Securities and Exchange Commission, including BreezeCOM's Form F-1. |
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