Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Zeev Hed who wrote (1234)	11/8/1999 8:57:00 AM
From: Shumway	Read Replies (1) \| Respond to of 1848

WaveRider and Glentel Provide High-Speed Wireless Internet Access to the Sturgeon School District TORONTO--(BUSINESS WIRE)--Nov. 8, 1999--WaveRider Communications Inc. (OTC BB: WAVC, Frankfurt WVR.FSE), a global provider of wireless Internet access products, and Glentel Inc. of Burnaby, British Columbia have announced a $400,000 joint contract to connect Alberta's entire Sturgeon School Board District to the internet using WaveRider wireless technology. WaveRider is providing NCL135 wireless routers to enable high speed wireless connections from over 14 schools and administrative buildings throughout the School Board's computer network to the Internet. Glentel Inc. is providing installation services, antennas, training and additional equipment. Headquartered in Morinville, about 40 kilometres north of Edmonton, Sturgeon School Division serves schools in several smaller communities. ``We want to provide our students with the same Internet access and capabilities that others in larger communities are able to access,' says the Board's Secretary Treasurer Andrew Isbister. ``This installation provides us with fast, dependable Internet connections at a very affordable cost compared to other alternatives.' ``This contract with an industry leader like Glentel shows confidence in our technology and products,' adds David Quinn, WaveRider's Vice President, North American Sales. ``As the market rapidly expands for our products, we look forward to partnering with them on future projects.' ``Providing Internet Access in smaller communities is a significant challenge,' says Glentel's President/CEO Tom Skidmore. ``This project with WaveRider demonstrates our ability to meet those challenges, economically and reliably providing our customers with previously unavailable capabilities.' About WaveRider Communications Inc. WaveRider Communications, Inc. (www.waverider.com) 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. NCL Series Wireless Bridges and Routers provide the wireless connection between single or multiple computer networks. Integrated network management features ensure data is quickly forwarded to its intended destination based on network conditions. WaveRider's LMS (Last Mile Solution©) Product Family are wireless modems that offer high-speed connections to the Internet for business and residential customers. About Glentel Inc. Headquartered in Burnaby, British Columbia, Glentel Inc. (www.glentel.com) was founded in 1963 with the goal of providing wireless communications capabilities to all Canadians. It is one of Canada's leading business and personal wireless integrated solution providers -- operating over 240 antenna sites in Canada, 11 Glentel wireless business centres, and 13 WirelessWave retail stores integrating products and services utilizing mobile two-way radio, data, satellite, paging, cellular and PCS to meet the needs of a broad range of customer applications. Glentel is an authorized dealer of Cantel AT&T, Fido (Microcell), Clearnet PCS, Clearnet Mike network, Motorola two-way radio and MSAT. Zeev. I still believe that this company will go its way.

To: Zeev Hed who wrote (1234)	11/19/1999 5:31:00 AM
From: Shumway	Read Replies (1) \| Respond to of 1848

Fall 1999 update from the website: operation based on its strong development foundations. The quarter saw measurable accomplishments, representing hard work by motivated people meeting a variety of challenges. The sale of over $700,000 of WaveRider product marked the beginning of a growing revenue stream as our product based solutions began to reach customers and support our business plan projections. WaveRider has set the goal of five to ten per cent share in a market worth two to three billion dollars over the next two to three years. With recent successes in hand, we are looking forward to the challenge of creating the rapid annual growth our goal will require over the next several years. We are continuing to build the foundations for that growth. With the TTI Wireless merger complete, we now have one integrated sales force for North America. This sales capability, coupled with our growing international sales team, has positioned us with a truly global sales and marketing capability. Also in this quarter, we shipped the first end user modems in the LMS (Last Mile Solution © ) family of products to Jamaica, where they are currently being successfully piloted. As we?ve previously announced, $15-million of signed LMS product contracts will be delivered around the world, over the next 24 months. We are making a significant investment in expanding and enhancing our NCL (Network Communication Link) product family and are preparing to roll out the LMS2000, 3000 and 4000 product lines next year. Looking ahead, we are considering acquisitions that will broaden our product line and distribution capability in this high-growth wireless Internet communications market. We also closed a significantly improved financing that consisted of a bridge loan and an equity line that meets our current financing requirements. Based on the growth opportunities facing us, we will continue to work with the financial community to ensure we are appropriately supported in the future. The quarter was an evolution and development for our board of directors as well. I am excited to welcome Guthrie Stewart and John Curry as the latest additions. On behalf of all WaveRider stakeholders I would like to express our sincerest gratitude to the tremendous contribution that William Krebs and William Laird have made to bring WaveRider to the stage we currently enjoy. Finally, the success of our sales efforts demonstrates an impressive geographical reach: from Asia to the Caribbean to Africa and all across North America, we are bringing our customers the solutions they need, in the world?s fastest-moving marketplace. Our customers need flexibility, ease of deployment and significant cost savings. They receive all of these from WaveRider. As we are witnessing throughout the world, the market for wireless technology continues to grow. WaveRider products, present and future, will be a driving force in the wireless revolution. Bruce Sinclair Director, President & CEO