To: Katie Kommando who wrote (810 ) 1/20/2000 4:24:00 AM From: flickerful Read Replies (2) | Respond to of 1146
WWWN [OTC:BB]...listed @ 5.125 closed today @ 6.875 + % 34.15. this is a well poised & [relatively] unknown wireless play. after basing during october/november [roughly between 2.5 - 3.5], it closed today at a new 52 week high. a breakout pattern emerged on tuesday ahead of a solid 4th qtr report. [see below] fully reporting as of january 7, 2000. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~bigcharts.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~Fourth Quarter Highlights At Worldwide Wireless Networks Inc. ORANGE, Calif., Jan 19, 2000 (BUSINESS WIRE) -- (OTC BB:WWWN) Global Pacific Wireless Internet, (a division of Worldwide Wireless Networks Inc.) (OTC BB:WWWN) today announced that it experienced significant growth patterns and enjoyed some very positive events during 4th quarter 1999. WWWN signed up an additional 50 wireless accounts, which now total over 325 clients in Orange County. On January 7, 2000 WWWN became a fully reporting company with the SEC. An additional 4,600 square feet of office space (doubling the square footage of WWWN's offices) was acquired along with the additional hiring of more sales and technical staff. This office space will also serve as an addition to the state of the art collocation space that WWWN opened in Q3 '99. Strategic alliances were signed with Adaptive Broadband (NASDAQ:ADAP) and Win-Net MCS Inc, a privately held company providing wireless systems for Fast Ethernet/IP metropolitan data networks. (www.winnetmcs.com ) An agreement with Superwire Communications was signed into effect. Superwire uses the existing telecommunications infrastructure of any building to quickly and easily install its broadband services more economically than the competition. Superwire customers enjoy the convenience of single-source access to communications services and interactive content at speeds up to 200 times faster than a dial-up modem. (www.superwire.com) RC Networks and WWWN also signed an agreement. RC Networks' next-generation equipment provides high-speed Internet access products for multi-tenant offices or units (MTUs), campuses, business parks, and multi-dwelling units (MDUs). These in-building access solutions are designed to speed the deployment of Digital Subscriber Line (DSL) technology over existing copper wiring or telephone lines at significantly lower cost and with ease of connection. (www.rcnets.com) Worldwide Wirelesss Networks' customer base has grown to over 325 at the end of Q4 '99 up from 97 customers at the same time last year. This is expected to produce an increase in revenues and other add-on services. WWWN has also acquired 4 new highly strategic repeater sites to reach a broader target audience in Orange County enabling line of sight to 90% of the county. "Worldwide Wireless' revenues are up 155.35% this past 4th quarter compared to last year, and we feel confident that we are heading in the right direction and positioning this company to be the leader in wireless broadband Internet communications," said Jack Tortorice, CEO for Worldwide Wireless Networks. Additionally, WWWN has set plans in motion to expand its network and acquire office space in other markets by the end of the first quarter of 2000. Also the company's e-commerce site, www.airwaveproducts.com is constantly being updated and outfitted with more products. This website provides wireless network equipment to enterprise customers and ISP's. About Worldwide Wireless Networks Worldwide Wireless Networks is an integrated wireless communications company headquartered in Orange, California. The Company specializes in high-speed Internet access using an owned wireless network. Other products and services include DSL, frame relay, collocation services and network consulting. The Company serves all sizes of commercial business accounts and the home office market. For more information go to www.wwwn.com. Worldwide Wireless Networks Inc. is an exhibitor at CTIA's Wireless 2000 show in New Orleans from February 28 through March 1. Wireless 2000 is the single largest international event that will bring together over 20,000 top-level industry executives and decision makers from around the world to conduct business, form partnerships and build relationships. The statements contained in this release, which are not historical facts may be deemed to contain, forward-looking statements, including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk, uncertainties, including, without limitation, the Company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The Company disclaims any obligation to update information contained in any forward-looking statement. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: Worldwide Wireless Networks, Inc. Carl M. Bjorck, 714/937-5500 E-mail: investor@wwwn.com or Brokers and Analysts Columbia Financial Group, Inc. 888-301-6271 or Media Contact: Columbia Financial Group Pam Junot, 888/301-6271 E-mail: cfgpr@aol.com WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INDUSTRY CODE: TELECOMMUNICATIONS