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To: J.T. who wrote (7960)	6/5/2001 3:50:08 PM
From: Chisy	Respond to of 19219

Lookie here: WaveRider Signs US$10M Financing Agreement TORONTO--(BUSINESS WIRE)--June 5, 2001--WaveRider Communications Inc. (NASDAQ:WAVC - news) today announced it has signed a financing agreement with Crescent International Ltd. for up to (U.S.) $10 million over the next two years. The financing, arranged through WaveRider's investment banker, Gruntal & Co. LLC, includes an initial $3 million to be received on June 6, 2001, through the sale of convertible Preferred Stock. Subject to certain conditions, WaveRider may raise up to an additional $7 million through sales of shares of Common Stock. As part of the agreement, WaveRider has provided Crescent with 877,193 common stock purchase warrants, exercisable at $1.71 per share for a period of five years. ``WaveRider is aggressively executing our business plan and pursuing growth in our key markets globally,'' said Bruce Sinclair, President and CEO, WaveRider Communications Inc. ``The financing support we have received allows us to capitalize on the sales opportunities that have been generated through the launch of our new Last Mile Solution® and NCL products.'' 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 duplexing 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 connects wireless modems that offer high-speed connections to the Internet for business and residential customers. WaveRider is traded on the NASDAQ National Market, under the symbol WAVC. This release contains forward-looking statements that involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the development of the Internet as a commercial medium, market acceptance risks, technological development risks, seasonality and other risk factors detailed in the Company's filings with the Securities and Exchange Commission. Contact: WaveRider Communications Inc.Carolyn Anderson, 416/502-2978canderson@waverider.comorWaveRider Communications Inc.Hugo Idler, 416/502-3265 / 888/533-1910hugoidler@waverider.comVisit our Web Site: www.waverider.com biz.yahoo.com

To: J.T. who wrote (7960)	6/6/2001 10:09:44 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Rydex Total Assets Update for Tuesday, June 5th, 2001: These numbers verified thru trading desk. Regular Series: SPX Long - NOVA 414.7 Million SPX Short- URSA 206.0 MillionBEARISH NDX Long - OTC 1374.3 BILLION NDX Short- Arktos 58.4 Million XAU Precious Metals 45.3 Million Banking 72.5 Million Biotechnology 505.8 MillionBEARISH first close over 500 mill since jan-feb? Money Market 1,051 BILLION ***************************************** Dynamic Series (200% correlation to Index) SPX Long - TITAN 134.8 Million SPX Short- TEMPEST 47.3 Million NDX Long - VELOCITY 182.2 Million NDX Short- VENTURE 71.7 Million ******************************************* Regular Series: 100% XAU Precious Metals Dynamic Series: 100% Long SPX TITAN Best Regards, J.T.