Broadband Legal Action Draws Comment.Business Editors & High-Tech Writers OKLAHOMA CITY--(BUSINESS WIRE)--Aug. 15, 2000 AARO AARO Association of Americans Resident Overseas AARO Automotive Aftermarket Retailers of Ontario Broadband Wireless See wireless broadband. Communications, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AARO), a subsidiary of AAROW Environmental Group, Inc., released the following statement from President and 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. Ron Baker Ronald Baker (born November 19, 1954 in Gary, Indiana) was a former American football offensive lineman between 1978 and 1988 for the Baltimore Colts and the Philadelphia Eagles of the NFL. He played college football at Oklahoma State University. regarding recent legal action taken in state and federal courts. "Recent court filings in Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm have left many wondering about AARO's involvement in investigations currently being conducted by the Oklahoma Department of Securities and the Securities and Exchange Commission. "I can say without a doubt that AARO is not the subject of any ongoing investigations, nor are we the company named in lawsuits filed by Oklahoma and federal regulators last week. Those lawsuits were filed against entities that were once involved in a joint venture with our private company. "AARO confirmed in late May that certain corporate executives were cooperating with state and federal agencies in their investigations of our former business partners. Our involvement in this matter stops there. "As I did in May, I want to again reassure AARO shareholders that the ongoing state and federal probe into the business dealings of our former joint venture partners will in no way impact AARO's ability to execute our business plan. We still intend to bring wireless Internet connectivity to the central and western U.S. by the end of 2001. "This company's fundamental vision remains intact and its employees remain committed to building AARO into a leading national provider of broadband fixed-wireless Internet connectivity and productivity-focused applications services." About AARO AARO Broadband Wireless Communications, Inc. provides wireless connectivity up to 100 MBps. AARO New World services such as unified communications, IP telephony and videoconferencing services are delivered via a highly secure, carrier-class IP network. For additional news and information, please visit us at www.aarowireless.com. This document includes forward-looking statements, made under the 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. Provision 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. Such forward-looking statements are generally identifiable by the use of words such as "believe," "expect," "intend," and other words of similar nature. These statements are based on management's current expectations, estimates and projections that are subject to risk and uncertainties, including, but not limited to, success of negotiations, availability of financing, political currency, regulatory, competitive and technological developments. Consequently, actual results could differ materially from those forward-looking statements. AAROW Environmental Group, Inc. does not undertake, and specifically disclaims any obligations to update forward-looking statements, which speak only as of the date made. |
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