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Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Rono who wrote (9645)	8/18/2000 9:43:56 AM
From: Yogizuna	Respond to of 10227

And, NXTL went to a buy signal on my system last night, from the "no position" signal previously..... Yogi

To: Rono who wrote (9645)	8/22/2000 10:50:16 AM
From: Rono	Read Replies (1) \| Respond to of 10227

Monday August 21, 11:50 pm Eastern Time Press Release Chadmoore Wireless Group, Inc. to Sell Wireless Communications Business to Nextel LAS VEGAS--(BUSINESS WIRE)--Aug. 21, 2000--Chadmoore Wireless Group, Inc., (OTC: MOOR - news) a provider of specialized mobile radio (SMR) communications services under the ``PTT'' (Power to Talk) trade name, announced today that it has agreed to sell substantially all of its assets to Nextel Communications, Inc. (NASDAQ: NXTL - news) in a tax-free reorganization in which Nextel Class A common shares valued at $160 million will be issued to Chadmoore. The number of Nextel shares issued at the closing may be adjusted in accordance with a collar of plus or minus 20%, depending on the price of Nextel shares prior to the closing, and other potential adjustments as set forth in the definitive agreement. Following the payment of its liabilities and the expenses of the transaction, Chadmoore intends to distribute the Nextel shares to its shareholders, which shares are currently anticipated to be valued at approximately $113.5 million. The closing is expected to occur during the first half of 2001, following satisfaction of several conditions, including premerger notification under the Hart-Scott-Rodino Antitrust Improvements Act and approval by the Federal Communications Commission and the shareholders of Chadmoore. The number of outstanding shares of Chadmoore stock on a fully-diluted basis (including all options, warrants and other securities that are expected to be converted into shares of Chadmoore stock prior to the closing) is currently estimated to be approximately 80,500,000, although this number may change significantly prior to the closing based on the actual number of shares that are issued with respect to those equity equivalents. Chadmoore Wireless Group, Inc. together with its subsidiaries has an operating territory which covers approximately 55 million people in 180 markets, primarily in secondary and tertiary cities throughout the United States. Nextel Communications, Inc. is a leading provider of fully integrated wireless communications services.