CLIX Announces Acquisition of Aurora Wireless, Inc.Business Editors WAYNE, Pa.--(BUSINESS WIRE)--Sept. 28, 2000 CLIX Group, Inc., a diversified communications services holding company, (Pink Sheets: CLIX) announced that it has acquired Aurora Wireless, Inc, a 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 and wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area integration company. Aurora's technical staff enjoys full certifications in wireless technologies offered by Lucent, 3-Com, BreezeCom and Dell. CLIX Chairman, Timothy Cunningham stated, "According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Wireless Review, the demand for fixed wireless broadband services grew 1000% in 1999 and is expected to continue at this torrid pace for some time to come. The acquisition of Aurora places CLIX in an excellent position to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this explosive growth in demand." Aurora President, Peter McCallum stated, "Aurora Wireless provides high-speed broadband data services to commercial office property owners/developers to meet tenant demand and generate a new source of revenue to the property owners. Wireless technologies alleviate many of the cost factors inherent in wired infrastructures and provide a powerful, yet inexpensive solution to the so-called "last mile" delivery problem.." Aurora also sells and installs wireless LANS that transform the workplace. New technology allows wireless LANS to provide security, connectivity and high bandwidths unheard of Not heard of; of which there are no tidings. Unknown to fame; obscure. - Glanvill. See also: Unheard Unheard just a short while ago. Using radio waves Radio waves Electromagnetic energy of the frequency range corresponding to that used in radio communications, usually 10,000 cycles per second to 300 billion cycles per second. , wireless LANS are simple and inexpensive to install irrespective of irrespective of prep. Without consideration of; regardless of. irrespective of preposition despite walls or interior building configurations. They have a significant price performance advantage over wired networks in virtually every application. The acquisition was made by means of a share exchange of one share of CLIX Series A 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". for each of the 1,300,000 shares of CLIX common. The Series A Preferred converts into additional CLIX stock depending on the financial performance of Aurora. CLIX Group, Inc. also owns True Medium, Inc., a full-service print and web communications company Communications Company is a communications unit of the United States Marine Corps. They are part of Combat Logistics Regiment 37 , 3rd Marine Logistics Group (3MLG) and III Marine Expeditionary Force (III MEF). The unit is based out of the Marine Corps Base Camp Smedley D. . The corporate strategy is to provide commercial communications services that help CLIX clients integrate rapidly changing communication technologies into their businesses. On a consolidated, pro-forma basis, CLIX Group, Inc. had revenues of $1.2 million with pre-tax profit of $165,000 for the eight months ending August, 2000. CLIX expects to be able to remain profitable through its growth into the communications services arena. While CLIX is currently traded on the Pink Sheets, the company anticipates becoming a full-reporting company eligible for trading on the Bulletin Board. When used by the Company in this report and elsewhere from time to time, the words, "intends," "believes," "anticipates," "expects" and similar expressions are intended to identify forward-looking statements concerning the Company's operations, economic performance, financial condition including, in particular, the likelihood of the Company's success in developing and expanding its business. Forward-looking statements are based on a number of assumptions and estimates which are inherently subject to uncertainties and contingencies beyond the control of the Company and reflect business decisions which are subject to change. Many factors could cause actual results to differ materially from those anticipated in the Company's forward-looking statements. |
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