08/04/04 KIWI Network Solutions Inc. to File an Amended 8-K
TORONTO--(BUSINESS WIRE)--Aug. 4, 2004--KIWI Network Solutions Inc. ("KIWI or the "Company") (KWNS - news) announced today that further to an 8-K filed with the Securities and Exchange Commission on August 3, 2004, the Company will file an amended 8-K clarifying the various points previously disclosed.
The amended 8-K will include the acceptance of resignations of the named directors and the appointment of new directors to the Board. The amended 8-K will further disclose that the new Board of Directors has appointed an interim CEO.
The Company has not discontinued operations of its business. The Company vehemently refutes and will aggressively defend any actions and assertions that its core business and technology is not viable. The Company has obtained and secured valuable contracts and assets and will announce additional contract signings.
KIWI Network Solutions, Inc. is a developer of proprietary devices and a distributor for third party devices and peripherals that are enabled to deliver 2-Way voice, video, audio, data and short messaging over certain broadband Internet Protocols, Multiple Cellular Networks, Short Messaging, 802.11B/G and other networks. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network companies.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "will," "positions," and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations.
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