Message #3 From:
NewsBot Date: June 16, 2005 07:13:27 PM
WLSA Wireless Age Reports Record Sales for April and May
Wireless Age Reports Record Sales for April and May
MISSISSAUGA, Ontario
Wireless Age Communications, Inc.
Brad Poulos
President
(905) 363-1012 ext. 223
OR
Wireless Age Communications, Inc.
Gary Hokkanen
Chief Financial Officer
(905) 773-3529 ext. 218
OR
Martin E. Janis & Company, Inc.
Beverly Jedynak
(312) 943-1100 ext. 12
Management Believes Stock Continues to be Significantly Undervalued at Current Levels
Wireless Age Communications, Inc. (OTCBB:WLSA), a leading supplier of solutions to the Canadian wireless communications industry, today announced that the company achieved record sales for April and May 2005.
Gross sales for each of April and May were approximately $2.1 million, an all time company record for monthly revenue.
"The acquisition of mmwave earlier this year has contributed to the top line growth that we're experiencing," said John Simmonds, Wireless Age Chairman and Chief Executive Officer. He reiterated that in 2005 Wireless Age expects strong growth from the acquisition of mmwave as well as internal growth in the company's existing divisions. "We remain confident, based on our plan, that we are on track for a record year in 2005," Simmonds said.
Brad Poulos, Wireless Age president, noted that the company remains very optimistic. "We plan to add stores during 2005 in our retail division; we have certain business developments that are nearing completion and we continue to talk with potential acquisition candidates."
Both Simmonds and Poulos stated that at current levels the company's common stock remains significantly undervalued. "We are taking concrete steps to bring value to our shareholders," Poulos stated, noting that first and foremost the company is committed to growing the Wireless Age business.
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 throughout 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 Azonic 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 and 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.
For additional information about Wireless Age Communications Inc. or its subsidiaries, please visit the company's website at www.thewirelessage.com or review periodic filings with the Securities and Exchange Commission at http://www.sec.gov.
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 rats; 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 technologi8cal developments, satisfy increasingly sophisticated customer requirement 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)
