Pegasus Wireless Announces Deadline to Complete Share for Share Exchange for Homeskills Stockholders.FREMONT, Calif. -- Pegasus Wireless (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PGWC PGWC Provincial Government of the Western Cape (South Africa) PGWC Pstn Gateway Call Control ), announced today a deadline of July 25, 2005 to complete the share for share exchange for Homeskills (HKLI) stockholders. This release is intended to clarify any information previously provided to HKLI stockholders. The original announcement of the voluntary share for share exchange followed the May 25, 2005, acquisition of control of HKLI by PGWC. As previously announced all HKLI stockholders who wish to voluntary exchange shares of HKLI for PGWC will receive Rule 144 Restricted shares of PGWC in a mandatory certificate for certificate exchange. Such stockholders should instruct in·struct v. in·struct·ed, in·struct·ing, in·structs v.tr. 1. To provide with knowledge, especially in a methodical way. See Synonyms at teach. 2. To give orders to; direct. v. their brokerage house to deliver, in certificate form, any HKLI shares to be exchanged. All HKLI certificates should be forwarded to the PGWC transfer agent with a medallion guaranteed signature, and authorizing transfer with written instructions for the transfer agent to issue an equal number of restricted shares of PGWC in exchange, and provide the transfer agent with a tax identification number, along with an address for the return of the newly issued PGWC certificate(s). Stockholders not currently holding their shares in certificate form may, on or before the deadline date, July 25, 2005, notify the Company via facsimile at 561-881-9886 of the agreement for the voluntary exchange. The notification must be in the form of a letter supplied to the brokerage house serving as the custodian bailee (custodian) n. a person with whom some article is left, usually pursuant to a contract (called a "contract of bailment"), who is responsible for the safe return of the article to the owner when the contract is fulfilled. of the HKLI shares to be delivered as indicated to the HKLI transfer agent, containing a statement of agreement to the voluntary exchange. Stockholders currently holding shares in certificate form must forward such certificate, for transfer with medallion guaranteed signature, as indicated in this release. The request for transfer must be postmarked on or before July 25, 2005. The Company is not obligated ob·li·gate tr.v. ob·li·gat·ed, ob·li·gat·ing, ob·li·gates 1. To bind, compel, or constrain by a social, legal, or moral tie. See Synonyms at force. 2. To cause to be grateful or indebted; oblige. to honor any requests for voluntary exchange on or after July 26, 2005. PGWC will work closely with all stockholders and the transfer agent to insure a smooth and orderly exchange to be completed in a timely manner. The transfer agent for PGWC is: Olde Monmouth Stock Transfer Co., Inc., 200 Memorial Parkway Memorial Parkway can refer to the following:
About Pegasus Wireless Corporation Pegasus Wireless Corporation is a leading provider of advanced wireless solutions. The company creates hardware and software solutions for broadband wireless See wireless broadband. networking and Internet access See how to access the Internet. applications. Pegasus offers cutting edge wireless products used in computer networking
Computer networking is the engineering discipline concerned with communication between computer systems or devices. , industrial data transmission, and multimedia applications. These products allow a higher user capacity per base station as compared to the competition, dynamic key sniff-proof security, easy true plug-n-play driverless installation, and bandwidth control, which allows more efficient use of bandwidth and wireless technology that is particularly suitable for point to multi-point applications. Pegasus Wireless Corporation can be contacted at 800-770-6698 or by visiting their website at http://www.pegasuswirelesscorp.com/. NOTES ABOUT FORWARD-LOOKING STATEMENTS forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under 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. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risks and uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements. These factors include, but are not limited to, (i) our ability to complete successful acquisitions of complementary companies, products and technologies; (ii) our ability to attract and retain customers; and (iii) our ability to gain market share. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements, and there can be no assurance that the actual results anticipated by Pegasus Wireless will be realized, or if substantially realized, that they will have the expected consequences to or effects on Pegasus Wireless or its business or operations. |
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