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

To: Zeev Hed who wrote (1205)	9/22/1999 8:49:00 AM
From: Shumway	Respond to of 1848

News: WaveRider Communications Inc.: Bermuda Commissioners Hear Wireless Networks Are The 'Foundation For Successful E-Commerce' -- With North Rock Communications As Its Partner, WaveRider Will Showcase "Leading Edge Wireless E-Commerce Technology" -- HAMILTON, Bermuda--(BUSINESS WIRE)--Sept. 22, 1999-- In recent remarks before the Bermuda Telecommunications Commission, Charles Brown, vice president of Marketing, WaveRider Communications Inc. (OTC BB:WAVC)(Frankfurt:WVR.FSE), detailed the company's plans to partner with Bermuda's North Rock Communications, an Internet Service Provider (ISP), in order to bring high-speed Internet access to the island. WaveRider is a leading global provider of wireless Internet access products, including high-speed ``Last Mile Solutions' that will enable businesses, organizations, small offices, home offices and residential consumers to connect to the Internet. ``WaveRider is very excited about the opportunity of working with North Rock Communications to help bring Wireless Internet access to the territory of Bermuda,' Brown said. ``Bermuda's citizens are well-educated, industrious and heavy users of computers, both in the home and at work. Bermuda's government is committed to fostering an environment that will promote rapid and structured growth of electronic commerce. In short, WaveRider believes that Bermuda is an ideal environment in which to showcase to the rest of the world this leading edge technology and its capabilities to deliver high speed Internet access throughout the country.' In June, WaveRider and Hamilton-based North Rock Communications signed an agreement to deliver high-speed, cost-effective wireless Internet access throughout the island nation. Currently, Bermuda's wired infrastructure is unable to meet demand for high-speed Internet access. ``Countries throughout the world are investing in electronic commerce infrastructure to ensure that they are not left behind in the race to e-commerce success,' Brown said. ``Wireless networks such as those proposed by North Rock and WaveRider can play a key role in this race. Wireless networks provide the foundation upon which successful electronic commerce ventures can be built. Wireless networks enable the rapid deployment of affordable, reliable, secure and high speed Internet connectivity networks. Wireless networks enable the delivery of the Internet to previously hard to reach and traditionally telecommunications deprived regions.' Bermuda is a hub for international business and home to 300 multinational firms and nearly 10,000 registered companies. Its per capita Gross Domestic Product of $38,000 is one of the highest in the world. Sixty-five thousand people live on an archipelago connected by bridges and causeways. Bermuda's principal industries are banking, tourism, and pharmaceuticals. In the next two weeks, submissions by participating parties will be reviewed by the Telecommunications Commission. Following the successful outcome of this review, North Rock plans to introduce commercial service immediately upon release of the amended License. Residential Internet services, based on WaveRiders' LMS3000, are planned to follow in the second quarter of next year. About WaveRider Communications Inc. Founded in 1997, WaveRider is a leading wireless information technology company that develops, manufactures and markets products for data communications and Wireless Internet Networking (WIN). WaveRider's high performance products use frequency hopping and direct sequence spread spectrum technology coupled with time division multiple access techniques and operate in the license-free 900 MHz and 2.4 GHz ISM frequency bands.

To: Zeev Hed who wrote (1205)	9/22/1999 10:16:00 PM
From: jean1057	Read Replies (2) \| Respond to of 1848

E mail that I received regarding convertibles from WAVC: Subject: Re: floorless convertibles.// > You are likely referring to the financing that was arranged in Dec 1998 for > $10 million in three tranches. The details are available on our SEC fillings > which can be accessed either via our web site or freeedgar.com. The terms of > the financing do allow for additional shares to be issued to the investor if > the price is lower after his investment. It becomes complicated but the > there are some major differences between our financing and the floorless > convertibles you are referring to, ie., mainly that there is a limit to the > number of price resets and hence the number of additional shares. Having > said that, this particular financing was not under the best of terms but was > all that was available to us at the time. since then we have made > substantially progress in terms of our sales and product development and our > prognosis for the next 24 months is indeed favourable. Our sales are > progressing according to our business plan and we expect the third quarter > results to show the beginning of significant revenue increases on a > quarterly basis. We fully expect to become one of the major players in the > wireless internet sector. I hope this helps. Regards, Hugo Idler. > _________________________________________ > Hugo Idler > Director, Investor Relations > WaveRider Communications Inc. > hugoidler@waverider.com > (416) 502-3265 > www.waverider.com