World Wide Wireless Communications Announces Commencement of Transmission in Lima, Peru.Business Editors/High Tech Writers OAKLAND, Calif.--(BUSINESS WIRE)--May 25, 2000 World Wide 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. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WLGSE), and its wholly-owned Peruvian subsidiary Digital Way, S.A. ("DW") announced today that transmission of its digital QAM See QAM. signal has begun in Lima, Peru. The commencement of transmission of the signal over the Company's licensed frequencies in the 2.3 and 2.4 GHz ranges is the initial stage in the development of a revenue-generating two-way high speed fixed wireless Internet system serving to serve the six million inhabitants
The game is based loosely on the concepts from SameGame. of the Lima/Callao metropolitan area. The Company's transmitters are located on the Morro Solar Chorrillos, a tall hill on the coast near Miraflores with a line-of-sight footprint that covers a large part of the populated area of the capital and its suburbs. The commencement of such revenue service, as has been announced previously, is expected to occur in the near future. Installation of additional equipment, testing of the licensed frequency, and hiring of additional personnel will take place prior to the inauguration of such service. "The commencement of signal transmission in Peru confirms the Company's previously stated plans to commence operations in Lima/Callao in the middle of this year," noted Douglas P. Haffer, President and Chief Executive Officer of WLGS and DW. "We look forward to providing a fully operational two-way wireless system for Lima soon which will incorporate our pledge to provide certain public schools and similar institutions with free high speed Internet access See how to access the Internet. as well as the establishment of cyber-cafes where hands-on public demonstrations of the superior speed and efficiency of WLGS will be on continual display," he concluded. In other news the Company announced that it had timely filed the appropriate briefs with the Securities and Exchange Commission in connection with the on-going legal matter involving NASD's de-listing procedures. As a result, the SEC's previously ordered stay of the threatened de-listing of the Company's shares from the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. has been extended until further notice from the SEC. 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 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: The statements contained in this release which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control, delays in development and testing of products, and fluctuations in demand for the products and services of the Company. |
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