ClearWorks and Eagle to Host Conference Call; Special Meeting of Shareholders Rescheduled.Business Editors & High-Tech Writers HOUSTON--(BUSINESS WIRE)--Dec. 7, 2000 ClearWorks.net (AMEX AMEX See: American Stock Exchange :CLW CLW Council for a Livable World CLW Cloud Liquid Water CLW Chittaranjan Locomotive Works (India) CLW Child-Led Weaning CLW Crystal Lake Wizards (youth wrestling club, Crystal Lake, Ilinois) ) (www.clearworks.net) announced today that it will co-host a global conference call with Eagle Wireless International Inc. (AMEX:EAG EAG - Extended Affix Grammar ) for investors on Friday, Dec. 15, 2000 at 10:00 a.m. CST CST abbr. 1. Central Standard Time 2. convulsive shock treatment CST Central Standard Time Noun 1. . The conference call is aimed at providing information to investors on the combined company's direction and strategic plans. Presenting in the investor conference call will be Dr. H. Dean Cubley, 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. of Eagle Wireless International Inc. and Michael T. McClere, CEO of ClearWorks.net. The company desires to provide its investors with information on the company's plans and future directions. Investors are encouraged to submit questions to investor@clearworks.net in advance of the call. ClearWorks.net will also reschedule re·sched·ule tr.v. re·sched·uled, re·sched·ul·ing, re·sched·ules To schedule again or anew: rescheduled the meeting for the following week; rescheduled the debts of many developing nations. its special meeting of its shareholders from Dec. 15, 2000 to Jan. 31, 2001 in order to accommodate for accounting transactions that are necessary for the merger. "We hope to bring our investors up to date with how fantastic an opportunity the merger of our two companies really is," stated Michael McClere, the company's CEO. "We want to clarify our combined business plan and reiterate to our shareholders how management of each company views the proposed transaction and why it will change the telecommunications market as we know it. Both companies have put tremendous effort into accomplishing the transaction as fast as possible. We want our shareholders to be informed on where we currently stand and on our view of proceeding with the transaction as fast as humanly possible." The rescheduled special meeting of the company's shareholders will be held in Houston on Wednesday Jan. 31, 2001. The purpose of the special meeting is to vote on the pending transaction to merge with Eagle Wireless International Inc. (AMEX:EAG). The special meeting will be held at 10:00 a.m. central time, at the Adams Mark Hotel, located at 2900 Briarpark Ave. Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the 77042. It is anticipated that Eagle Wireless will file a registration statement on SEC Form S-4 and Eagle Wireless and ClearWorks.net will file a joint proxy statement/prospectus with the SEC in connection with the transaction, and that Eagle Wireless and ClearWorks.net will mail a joint proxy statement/prospectus to stockholders of Eagle Wireless and ClearWorks.net containing information about the transaction. Investors and security holders of both Eagle Wireless and ClearWorks.net are strongly urged to read the definitive joint proxy statement/prospectus regarding the proposed merger contained in the Form S-4 because it will contain important information about the transaction. Investors and security holders may obtain a free copy of the definitive joint proxy statement/prospectus when it becomes available and other documents filed by Eagle Wireless and ClearWorks.net with the SEC at the SEC's Web site at www.sec.gov. The definitive joint proxy statement/prospectus and these other documents may also be obtained for free from Eagle Wireless and ClearWorks.net. Eagle Wireless and ClearWorks.net, and their executive officers and directors, may be deemed to be participants in the solicitation of proxies from the stockholders of Eagle Wireless and ClearWorks.net, respectively with respect to the transactions contemplated by the merger agreement. Information regarding Eagle Wireless' officers and directors is included in the Form SB-2 filed by Eagle Wireless with the SEC on July 14, 2000. This document is available free of charge at the SEC's Web site at www.sec.gov and from Eagle Wireless on request. Information regarding ClearWorks.net's officers and directors is included in ClearWorks.net's amended Form 10-KSB filed with the SEC on July 3, 2000. This document is available free of charge at the SEC's Web site at www.sec.gov and from ClearWorks.net on request. ClearWorks.net is one of the leading providers of Fiber To The Home (FTTH (Fiber To The Home) See FTTP. ), often referred to as "the last mile" solution, for neighborhoods and businesses utilizing the company's Bundled Digital Services (BDS BDS abbr. Bachelor of Dental Surgery BDS Bachelor of Dental Surgery BDS n abbr (= Bachelor of Dental Surgery) → título universitario BDS ) which includes high speed Internet connectivity, dial-tone, digital multi-channel video, on-demand video rental, a community Intranet and other digital services. Eagle Wireless International Inc. and its subsidiaries are leading suppliers of broadband wired and wireless equipment and services for the Internet, multimedia set-top box The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. , one- and two-way wireless messaging, specialized mobile radio See SMR. , remote data acquisition and meter reading and integrated wired and wireless convergence product markets. The company is headquartered in League City, Texas, south of Houston, near the NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. Johnson Space Center. Further news updates on Eagle, its products and services are available at www.eglw.com, www.broadbandmagic.com, www.atlanticpacific.net, www.etoolz.com and www.otcfn.com/eglw. 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. Statement Under 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: The above statements in regard to ClearWorks.net Inc. and Eagle Wireless International Inc. and their affiliates and subsidiaries which are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including ClearWorks.net Inc.'s and Eagle Wireless International Inc.'s beliefs, expectation, hopes or intentions regarding the future. All forward-looking statements are made as of the date hereof and are based on information available to the parties as of such date. It is important to note that actual outcome and the actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technological, legislative, corporate and marketplace changes. For more information on ClearWorks.net, please visit the Company's Web site at www.clearworks.net. |
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