SOLU-Wireless Data Solutions is a fully reporting company that has been profitable over the last 14 quarters. Now trading at .21 bid and .28 ask, SOLU has tremendous upside potential. Last July SOLU was trading at $1.60 and has traded as high as $1.00 as recently as 3 months ago. IMO this is simply a technical pull back and SOLU should recover to at least $1.00 in the short term and if SOLU can continue to sign additional contracts, a share price of $3.00 to $5.00 is a possibility. SOLU has several contracts, deals and marketing agreements with huge telecom companies. Please read below and call the company or I.R. department for an investor's package. IMO SOLU's recent national marketing campaign will translate into a very profitable 1998.I would not be surprised to see SOLU announce some major deals in the very near future. Don't wait until SOLU pops
to .75 before you decide to jump in. Read the info below and make up your own mind
FULLY REPORTING STATUS
Dow Jones News Service Copyright (c) 1997, Dow Jones & Company, Inc. Tuesday, September 9, 1997
WIRELESS DATA Files 10-SB With SEC For Full Reporting Status
WIRELESS DATA Solutions Inc. (SOLU) said it has filed a Form 10-SB with the Securities Exchange Commission which, upon review and acceptance by the SEC, will put the company into full reporting status. The company said it believes that by having full financial reporting status it can better delineate its financial position to the investment community and prepare for future small-cap NASDAQ exchange listing capability. WIRELESS DATA currently trades on the OTC Bulletin Board. Additionally, the company said it has been making "exceptional progress" in establishing strong market visibility for its new line of fleet management/GPS products.
Under an agreement with Trans-Data Ltd. in July, the company anticipates "significant order capability" in the first fiscal quarter of 1998, beginning in October.
CURRENT NEWS:
WIRELESS DATA Solutions [SOLU] said it is negotiating with "a
large taxi company in Argentina" to supply an automatic vehicle location system that uses GPS and cellular voice. The order, worth about $250,000, calls for WDS' long-range cellular communications capability.
NEW PRODUCT DEVELOPMENTS
WIRELESS DATA Solutions Inc., an SEC reporting company (OTC BB:SOLU), announced Wednesday that it is in the final stages of software development for a new cellular product for mobile fleet management. The company's hardware products will be able to send digital data between vehicles in the field and home base over cellular voice networks. Messages consisting of 250 characters, which is more than necessary for fleet management, can be sent in less than a second on a national or in many cases international basis.
FINANCING OPERATIONS
WIRELESS DATA Solutions (OTCBB:SOLU), announced today that it has entered into an agreement with J.P. Carey, Inc. Investment Bankers involving financing for the Company. The initial amount of funding is $250,000 with additional funding in increments of $250,000 up to $1 million. The increment financing is based on the price of the company's stock on various closing dates. Increases in the value of the stock will benefit the company.
MARKETING EFFORTS AND BUSINESS RELATIONSHIPS
Mike McLaughlin, CEO and President of WIRELESS DATA said, "..we are launching our national marketing campaign beginning the new year, in addition to the development of new products. We are meeting this January with GTE in Tampa to discuss the introduction of new CDPD products." WIRELESS DATA Solutions, Inc. has marketing agreements with GTE, AT&T, and recently acquired a marketing agreement with Bell Atlantic. Recognized customers include CEMEX, Southern California Edison , Ball Corp., and Roto Rooter.
BELL ATLANTIC CONTRACT
WIRELESS DATA Solutions Inc. [SOLU] signed a deal with Bell
Atlantic Mobile [BEL] that allows the company to offer CDPD (cellular digital packet data) services to its mobile fleet customers on the Bell Atlantic network. GPS is among the options included. The company also has similar agreements with AT&T [T] and GTE Corp.[GTE].
COMPANY DESCRIPTION:
WIRELESS DATA Solutions Inc. is a hardware/software developer and marketer of digital wireless communication systems for mobile fleet management. CDPD (Cellular Digital Packet Data) is an emerging WIRELESS DATA communication technology being made available by cellular providers which includes Bell Atlantic, AT&T, GTE, and others. The company also has similar agreements with AT&T and GTE. A consortium of these companies are installing the CDPD infrastructure throughout the U.S. The development of CDPD is based on the utilization of surplus time on cellular voice networks, thereby creating a huge revenue opportunity for providers. Mike McLaughlin, CEO and president of WIRELESS DATA said: "We have designed software to interface our Data Mate terminal hardware to CDPD. Our Data Mates send a short burst of digital data which is ideal for CDPD and long distance mobile fleet management. CDPD service is cost effective, more accurate then voice, silent, and very fast. With the options we offer such as vehicle location using GPS, we provide fleet managers the tools to be more efficient, profitable, and competitive. We recently completed shipment of 60 Data Mates with CDPD to a customer in Maryland which is in Bell Atlantic territory."
The company has over 16,000 Data Mates in operation in the U.S. and foreign countries in various industries which includes ready-mix trucks, plumbing vehicles, paratransit vans, parcel delivery, ambulances, helicopters, and others.
CONTACT INFORMATION:
ICS Communications, Inc. David A. Wood, 800-964-800 or
WIRELESS DATA Solutions, Inc. Mike McLaughlin, 352-323-1295
WEB SITE
virtualair.com
STOCK PRICE AND FINANCIALS
WIRELESS DATA Solutions has been profitable since 1994.
Sales Net Income
9/30/95 $1,460,604 $133,660
9/30/96 2,091,555 362,589
High Low
12 month stock price 1 9/16 7/16 |
