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Chadmoore Wireless Group becomes NASDAQ qualified.


LAS VEGAS--(BUSINESS WIRE)--Jan. 10, 1996--Chadmoore Wireless Group 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
 BB: MOOR) is pleased to announce that as of Dec. 31, 1995, the company has reached a significant milestone in its growth.

After breaking escrow on the current private placement and successfully prepaying in excess of $3,000,000 of its license holders option payments with equity, the company believes it is qualified to be listed on NASDAQ and/or a Regional Exchange. The company expects to file for listing immediately upon the completion of their annual audit by KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 Peat Marwick. Robert Moore Robert Moore may refer to
  • Robert Moore (politician) (1886-1960), Northern Ireland theologian and politician
  • Robert Moore (Pennsylvania) (1778-1831), United States Congressman from Pennsylvania
, the president/CEO, states, "We are very excited to have completed these transactions that will remove many of the restrictions we have labored under while listed as a Bulletin Board Stock. I am confident that this achievement will open numerous doors of opportunity for our growth that were not available in the past. We expect 1996 to be an exciting period of growth for the company, with this being the spring board to launch us forward."

Chadmoore Wireless Group Inc. is engaged in the business of wireless communications wireless communications

System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data.
, utilizing 800 MHZ SMR (Specialized Mobile Radio) The communications services used by police, ambulances, taxicabs, trucks and other delivery vehicles. Throughout the U.S., approximately 3,000 independent operators are licensed by the FCC to offer this service, which provides always-on  frequencies. The population covered by the frequencies they control is currently in excess of 18 million. Their flagship operation in Memphis, TN currently serves 3,800 subscribers.

CONTACT: Chadmoore Wireless Group, Inc.

Director Corporate Finance

William Bossung, 702/891-5255
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 10, 1996
Words:226
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