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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 (94)	10/4/2004 2:37:02 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 130

07/02/04 Ibacus Networks Announce $5MM Funding Agreement TORONTO--(BUSINESS WIRE)--July 2, 2004--Ibacus Networks Inc., a wholly-owned subsidiary of KIWI Network Solutions, Inc. (KWNS - news) (http://www.kwnsmobile.com), announced today the completion of a $5MM funding commitment from an institutional investor. John Rinella, President of Ibacus stated, "This funding will allow us to commence manufacturing of the devices and deployment of the ASP infrastructure. It is another important step in the progression of Ibacus from a developmental company to an operating entity." Ibacus Networks Inc. is a developer of proprietary devices and a distributor for third party devices and peripherals that are enabled to deliver 2-Way voice, video, audio, data and short messaging over certain Non-Line of Site broadband Internet Protocols, Multiple Cellular Networks, Short Messaging, 802.11B/G and other networks. 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. investor.news.com