Tuesday June 6, 5:54 pm Eastern Time
Company Press Release
WaveRider Approved for Nasdaq National Market Listing
TORONTO--(BUSINESS WIRE)--June 6, 2000--WaveRider Communications Inc. (OTCBB:WAVC - news; FRANKFURT:WVR.FSE), a leading global provider of wireless Internet access products, has been approved to begin trading on the Nasdaq National Market on June 7, 2000.
WaveRider will move onto the National Market from the OTC Bulletin Board and will retain the same ticker symbol: WAVC.
``WaveRider has a very high profile in investment communities around the world,'' said Bruce Sinclair, President and Chief Executive Officer, WaveRider Communications, Inc. ``Trading on the Nasdaq National Market will make WaveRider accessible to more analysts, institutions and investment professionals. This exposure, along with our 39,000 current shareholders, will lead to greater opportunities for us to grow our presence in the global market.''
WaveRider's Last Mile Solution© and NCL families of wireless Internet access and networking products are currently used by companies in more than 30 countries around the globe. The most recent addition to its product offering is the NCL1135 bridge/router which delivers LAN-to-LAN and LAN-to-Internet connectivity.
``The market for wireless access to the Internet is growing exponentially because it offers a cost effective communications solution and makes high-speed Internet access possible in areas that cannot be reached using traditional telecommunications infrastructures,'' said Sinclair.
About WaveRider Communications Inc.
WaveRider Communications, Inc. (www.waverider.com) is a leading wireless information technology company that develops, manufactures and markets products for data communications and Wireless Internet Networking (WIN). WaveRider's high performance products use frequency hopping and direct sequence spread spectrum technology coupled with time division multiple access techniques and operate in the license-free 900 MHz and 2.4 GHz ISM frequency bands. NCL Series Wireless Bridges and Routers provide the wireless connection between single or multiple computer networks. Integrated network management features ensure data is quickly forwarded to its intended destination based on network conditions. WaveRider's LMS (Last Mile Solution©) Product Family connects wireless modems that offer high-speed connections to the Internet for business and residential customers. WaveRider is traded on the Nasdaq National Market, under the symbol WAVC.
Visit our Web Site: www.waverider.com.
--------------------------------------------------------------------------------
Contact:
For Media Inquiries:
WaveRider Communications Inc.
Carolyn Anderson
Tel: 416/502-2978
canderson@waverider.com
or
For Investor Relations:
WaveRider Communications Inc.
Hugo Idler
Tel: 416/502-3265 or 888/533-1910
hugoidler@waverider.com |
