(COMTEX) B: CLARIFICATION FOR SHAREHOLDERS OF ACTION SPORTS INTERNATI
B: CLARIFICATION FOR SHAREHOLDERS OF ACTION SPORTS INTERNATIONAL, INC.
IRVINE, Calif., Jun 15, 1999 /PRNewswire via COMTEX/ -- Action Sports
International, Inc. (OTC Bulletin Board: ACTB) would like to clarify
two Insider Trades that appear online for its Investors.
The shares that appear to be sold for Henry Bosma and International
Licensing Corp. are shares before Action Sports International's symbol
change and 30:1 reverse split. Therefore, 513,330 shares of WLLO,
actually amount to 17,111 shares of ACTB for Henry Bosma. Likewise,
International Licensing Corp. had 1,318,335 shares of WLLO, and now has
43,944 shares of ACTB.
"It is important to us, that all of our shareholders are constantly
aware of how their company is doing and this was a little confusing for
some, soI thought this clarification was necessary," says Lambert
Vander Tuig, CEOof Action Sports. "Furthermore, the reason why we are
looking towards European funding, in addition tled simply by tapping on
that name with the included stylus or dialing from the pdQ smartphone's
keypad. Users can input data three ways: through Palm Computing's
Graffiti(R) power writing software, the on-screen keyboard or through a
personal computer's keyboard when connected to the pdQ smartphone with
the included HotSync(R) technology. Using HotSync, users can transfer
and synchronize information between the pdQ smartphone and a personal
computer, including Lotus Notes and Microsoft Exchange data. The pdQ
smartphone ships with a charging/synchronization cradle, lithium ion
battery and a headset that enables users to talk on the phone while
simultaneously using the PDA portion of the unit.
The software system developed by 724 Solutions enables financial
institutions to deliver personalized banking, brokerage and information
content on a wide variety of Internet access devices. Specific
functions include:
-- Banking: account information and history, bill payment, funds
transfer
-- Brokerage: stock quotes and charts, on-line trading, investment
portfolio information, watchlists and alerts
-- Lifestyle Information: news, sports, weather, horoscopes,
lottery
results
724 Solutions Inc. is a privately held company, established in 1997 to
conceive, design and deliver Internet software applications enabling
"any time, anywhere, any way" access to trusted banking, investment,
and lifestyle services. In addition to Bell Mobility and the Bank of
Montreal, 724 Solutions has developed alliances with Phone.com
(formerly Unwired Planet), 3Com/Palm Computing, QUALCOMM Incorporated
and Certicom, to enable its vision of the Personal Electronic
Marketplace. For additional information about 724 Solutions,
visithttp://www.724solutions.com.
QUALCOMM Incorporated (Nasdaq: QCOM) is a leader in developing and
delivering innovative digital wireless communications products and
services based on the Company's CDMA digital technology. The Company's
major business areas include CDMA phones; integrated CDMA chipsets and
system software; technology licensing; and satellite-based systems
including OmniTRACS(R) and portions of the Globalstar(TM) system.
Headquartered in San Diego, Calif., QUALCOMM is a FORTUNE 500(R)
company with fiscal 1998 revenues in excess of U.S. $3 billion. For
more information, please visit the Company's web site at
<http://www.qualcomm.com.
Except for the historical information contained herein, this news
release contains forward-looking statements that are subject to risks
and uncertainties, including timely product development, the Company's
ability to successfully manufacture significant quantities of CDMA or
other equipment on a timely and profitable basis, and those related to
performance guarantees, change in economic conditions of the various
markets the Company serves, as well as the other risks detailed from
time to time in the Company's SEC reports, including the report on Form
10-K for the year ended September 27, 1998, and most recent Form 10-Q.
QUALCOMM and OmniTRACS are registered trademarks of QUALCOMM
Incorporated. Globalstar is a trademark of Loral QUALCOMM Satellite
Services, Incorporated.
724 Solutions is a trademark of 724 Solutions Inc. All other names are
trademarks or registered trademarks of their respective companies.
SOURCE QUALCOMM Incorporated
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com -0-
CONTACT: Richard Goetter, QUALCOMM Consumer Products,
619-845-7462, fax
619-651-8962, rgoetter@qualcomm.com, or Christine
Trimble, QUALCOMM Corporate
Public Relations, 619-651-3628, fax 619-651-2590,
ctrimble@qualcomm.com, or
Julie Cunningham, QUALCOMM Investor Relations,
619-658-4224, fax 619-651-9303,
jcunningham@qualcomm.com
WEB PAGE: 724solutions.com
qualcomm.com
GEOGRAPHY: California
INDUSTRY CODE: SPT
REA
SUBJECT CODE: OTC
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