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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 (91)10/4/2004 2:33:34 PM
From: ms.smartest.person  Read Replies (1) | Respond to of 130
 
06/04/04 KIWI Network Solutions, Inc. Announces Cancellation of 3 Million Preferred Shares

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--June 4, 2004--KIWI Network Solutions, Inc. (KWNS - news) , kwnsmobile.com, today announced that it has reached an agreement with a certain shareholder to cancel and retire 3 Million of the 4 Million Preferred Shares issued and outstanding of the company. Under the terms of the agreement, the cancellation of the 3 Million Preferred Shares and all rights associated therewith will be effective immediately.

About KIWI NETWORK SOLUTIONS, INC.

KIWI is a developer of an International Mobile Virtual Network Operator (IMVNO) platform that enables the delivery of 2-Way VOICE/VIDEO/AUDIO/DATA/SHORT MESSAGING over Internet Protocol, Cellular, Short Messaging, 802.11B/G and other networks. KIWI is finalizing the development of applicable devices and peripherals. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network companies.

This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "can," "anticipates," 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.

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