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Technology Stocks : Koala International Wireless Inc. (OTCBB: KIWI) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (14)	12/4/2003 3:30:00 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 130

07/26/02 Koala Announces Receipt of Termination Notices and Resignation of Officers and Directors VANCOUVER, British Columbia--(BUSINESS WIRE)--July 26, 2002--Koala International Wireless Inc. (KIWI - news) announced today that Michael Johnston and Robert Vivacqua have tendered their resignations as officers and directors. Mr. Johnston and Mr. Vivacqua brought the KIWI development project, formerly known as the Hipster, to Koala. In addition, Michael Johnston brought Bolton Pass Electronics Inc. to Koala as the developer of the KIWI device. Michael Johnston also brought Route1 and Tran$card to Koala. Koala has been notified by Bolton Pass Electronics Inc. that it has terminated its Development Agreement with the Company. Koala has notified Bolton Pass that such attempt is contrary to the Development Agreement. Koala continues to discuss the matter with Bolton Pass in an effort to amicably resolve the matter. Bolton Pass was engaged by Koala to design and develop the KIWI device, Koala's next-generation personal communications device. Route1 Corporation notified Koala that it has terminated any and all relationships with the Company. Koala has notified Route1 that it does not accept the termination letter and intends to review its rights and options. In the interim, Koala is arranging for other personnel to deploy its Ingenico devices. Koala received a termination of negotiations letter from Tran$card informing the Company that negotiations for its acquisition have ceased. This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the word "intends" and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations. investor.news.com