Message #16 From:
NewsBot Date: January 4, 2006 03:00:00 AM
WLSA News Wireless Age Announces Record 2005 Revenues
TORONTO--(BUSINESS WIRE)--Jan. 4, 2006--Wireless Age Communications, Inc. (OTCBB:WLSA) -
Posts a record month of December and Fourth Quarter
Wireless Age Communications, Inc. (OTCBB:WLSA), a leading supplier of solutions to the Canadian wireless communications industry, today reported that it achieved record sales for the second straight year. Sales in the month of December and the third quarter were also records for the company. For the consolidated entity, fiscal year 2005 unaudited revenues increased by approximately 60% to approximately $24.3 Million, as compared to $15.2 Million recorded in fiscal year 2004. In the month of December, sales increased by over 66% to approximately $3.0 Million. This result was led by the retail division which posted sales in excess of $1.5 Million for the month. For the fourth quarter of fiscal 2005, sales increased 49% to approximately $7.1 Million as compared to sales of $4.8 Million in the fourth quarter of 2004.
Brad Poulos, President & CEO of Wireless Age, stated, "Fiscal year 2005 was obviously a very good year for Wireless Age, despite a very competitive environment in the industry. We are very proud to have been able to put together a record fourth quarter even despite the delay in some of the programs we anticipated in the fiscal year. Management remains optimistic for fiscal 2006, convinced that our market is one of the best long-term growth areas in which to be."
For all Wireless Age investor relations needs, investors are asked to visit the Wireless Age IR Hub at http://www.agoracom.com/IR/WirelessAge where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to WLSA@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
About Wireless Age Communications Inc.
Wireless Age Communications Inc. owns and operates four Strategic Business Units.
Wireless Age retail outlets sell next generation wireless products and services to business and individual end users in Saskatchewan and Manitoba. Wireless Source distributes prepaid phone cards, wireless accessories, land mobile radios, batteries and ancillary electronics products to dealers throughout North America. mmwave does specialty distribution and network engineering and integration, for carriers and manufacturers of communications equipment in Canada. Wireless Works operates broadband public access and private networks in Southern Ontario, and develops and deploys consumer and commercial products for those networks.
The company is a recognized leader in the wireless industry in Canada and is a member of the WiMax forum, as well as a very active member of the Canadian Wireless Telecommunications Association.
Wireless Age has an investment in Midland International Corporation, which plans to market low cost, wireless devices including cellular phones. One such phone is designed to be located in glove boxes, first aid kits, emergency supply packages and used for emergency purposes. Another is a prepaid wireless phone designed to be used in the low cost and short-term usage markets.
This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.
Wireless Age Communications, Inc. (OTC Bulletin Board:WLSA)
