CAI Wireless Systems Files Registration Statement Covering Over 7 Million Shares of Common Stock.ALBANY, NY--(BUSINESS WIRE)--November 21, 1995--CAI Wireless Systems, Inc., (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 : CAWS CAWS Create A Wrestler (video games) CAWS Community Animal Welfare Society (Salt Lake City, Utah) CAWS Close Assault Weapon System CAWS Common Arrangement of Work Sections (engineering) ), announced today the filing of a Registration Statement on Form S-3 covering 7,079,431 shares of its Common Stock, either held by certain existing shareholders or underlying existing outstanding warrants and outstanding shares of convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . The shares are being registered pursuant to outstanding registration rights. The shares may be offered by certain shareholders of the Company from time to time in transactions on the NASDAQ national market, in negotiated transactions, at fixed prices which may be changed, at market prices prevailing at the time of sale, at prices related to prevailing market prices or negotiated prices. The offering is not being made by the Company and does not represent new financing. A Registration Statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the Registration Statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. -0- CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction operates wireless cable systems and/or holds channel rights in 17 markets covering 12.7 million line-of-sight households, primarily in the Northeast and Mid-Atlantic regions. CONTACT: CAI Wireless Systems, Inc. Jared Abbruzzese, 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. Tel. 518/462-2632 or The Anne McBride Company Katerina Charalambous Tel. 212/752-0504 |
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