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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet

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To: Chisy who wrote (1588)	7/7/2000 6:15:23 PM
From: Chisy	Read Replies (1) of 1848

I couldn't catch the annual meeting today on the web because of computer problems. Here is a transcript of Q&A from it by our old friend Fred Mussler on the RB WAVC Board. First Q What about India? Ans: We see it as critical Q2 What about China? BS -- Markets are all different-- need to work with nationals in those markets. Have brochures to show for China business. 3. How does WAVC compare with CISCO, LUCENT. Ans - Be first to market, they aren't so nimble in new markets, plus market is so large we can get our 5-10% -we get more it'll be fine. 4. What about the General Dynamics agreement. CB-- GD , and Comcert? will get directly involved with customers - network planning - installation for customers. 5. How will the increase in shares work -- CB - Intent - Can only do that at AM - if we get into a situation where shares are needed- if its not used for acquisition - its there. When will we be cash flow positive? BS We don't release our forward financial plans- if I tried I'd be wrong. Not a .Com - we have a business model that can show profitability -- like Northern Telecon. Brown - Want to see fast growth - but it eats capital- will be a demand for cash . Questions from the world? Dick in NC -- When can we expect real revenue? Not just Agreements-- Next year for sure- hard to tell just when. We are not pursueing getting acquired. How affordable are our products? CB: Plan is to build the network for $500/ customer- not there yet. Very affordable. BS -- Demand for this year will exceed $20 million -- revenue may be half of that -- Hard to be pinned down to a quarter. Indicators of wAVC position will be positioning of partners in different markets -- goal this year - we'll be well positioned for the future. Trying to establish good relationships with good partnes. BS LMS has not been submitted for approval in China -- LMS 2000 will be submitted in the next week in China-- nothing majic -- same radio Tech as LMS135 -- BS feels will be 60-90- days. Will we use C- Mac all over . BS -- they have plants (20) all over the world- they are introducing new products there all the time. What about Golden Fortune (May be CS) BS-- can't speak for that -- isnnt an exclusive - AND the recent installs were by another reseller. Q- Looking a year out are you still seeing 60-40- North America vs Int. For awhile the emphasic will be here - in a year or two it'll probably reverse with Int. sales taking over. Wrap up!! Will have demos in the back of the room. Been a challanging two years and the next two will be VERY EXCITING.

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