NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: WAVERIDER COMMUNICATIONS INC. OTC Bulletin Board SYMBOL: WAVC
DECEMBER 18, 1997 Correction: WaveRider(TM) Appoints New Board
VANCOUVER, BRITISH COLUMBIA-Following the recent appointment of
former Dell Canada President and Dell Europe CEO, Bruce Sinclair,
as the new CEO of WaveRider(TM) Communications Inc., the Company
announced a change in their Board of Directors effective December 15, 1997.
The new Board of WaveRider Communications Inc. will consist of
Sinclair who will act as President, William Krebs as Secretary and
Director, and William Laird as Director.
WaveRider Communications Inc., a Canadian-based telecommunications
company that has developed Wide Area Wireless Networks which
operate at speeds of 24 kbps to 512 kbps using an advanced form of
Spread Spectrum Radio transmission in conjunction with Digital
Signal Processing, recently announced a third quarter roll-out of
the GSM Version of its technology.
Sinclair says the technology will provide the "Last Mile
Solution(TM)" to the costly problem North American Internet
Service Providers face in connecting their end users to the
information highway. The technology will also have global
applications in developing countries where the telecommunications
infrastructure is patchy or non-existent.
Safe harbour statement under the Private Securities Litigation
Reform Act of 1995: Statements in this news release looking
forward in time involves risks and uncertainties, including the
risks associated with the effect of changing economic conditions,
trends in the development of the Internet as a commercial medium,
market acceptance risks, technological development risks,
seasonality and other risk factors detailed in the Company's
filing with the Securities and Exchange Commission. |
