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Microcap & Penny Stocks : WaveRider WAVC NASDAQ ISP Wide Area Wireless Internet -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (1045)	6/15/1999 7:55:00 AM
From: Millshare	Read Replies (2) \| Respond to of 1848

NEWS uesday June 15, 7:31 am Eastern Time Company Press Release WaveRider Expands Operations Into the United States Acquisition of TTI Wireless Completed CLEVELAND--(BUSINESS WIRE)--June 15, 1999--WaveRider Communications Inc. (OTC BB:WAVC)(FRANKFURT:WVR), a leading global provider of wireless Internet products, has completed the acquisition of TTI Wireless of Cleveland. TTI is a leader in the design and manufacture of wireless radio frequency communications systems, offering wireless data, bridging and LAN connectivity systems in both licensed and unlicensed frequencies. The company has product design, manufacturing and head office facilities in Cleveland, as well as sales and support operations in San Diego and Baton Rouge, Louisiana. WaveRider will further develop TTI's existing sales and support infrastructure to increase its expansion into the United States, in a new subsidiary, WaveRider Communications (USA) Inc. ''The acquisition of TTI and their excellent staff and customer base will accelerate our North American expansion strategy,'' says WaveRider's president/CEO Bruce Sinclair. ''We are investing in this existing employee/client foundation to increase our sales and customer support operations in the United States.'' The acquisition of TTI also gives WaveRider an expanded product portfolio. TTI's wireless bridge products have data throughput speeds ranging from 2 to 11 Mbps. The high-speed products combined with WaveRider's software and Internet networking capabilities gives WaveRider the broadest range of wireless bridging products and accessories in the industry. The purchase of TTI will cut development time and cost for WaveRider. TTI's bridging hardware will be integrated with WaveRider's real-time operating system, network management and routing software, creating a basic architectural platform for future product developments. The purchase has been completed for a combination of shares and cash, which have no material impact on WaveRider's cash and equity position. About TTI Wireless TTI Wireless is a leader in wireless building-to-building voice and data communications. The company designs, manufactures and distributes the most complete line of high speed communications products available today including accessories for all wireless manufacturers products such as antennas and mountings. www.ttiwireless.com. About WaveRider Communications Inc Founded in 1997, WaveRider is a leading wireless technology company that develops, manufactures and markets products for data communications and Wireless Internet Networking (WIN). WaveRider's high performance products use frequency hopping, spread spectrum technology coupled with time division multiple access techniques and operate in the license-free 900MHz and 2.4GHz ISM frequency bands. Visit our Web Site: www.waverider.com or email us at info@waverider.com Contact: WaveRider Communications Michelle Fowler, 416/502-3204 mfowler@waverider.com or For Investor Relations, 888/533-1910 More Quotes and News: Waverider Communications Inc (OTC BB:WAVC - news) Related News Categories: computers, telecom Help Copyright © 1999 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?