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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 (96)	10/4/2004 2:39:21 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 130

07/21/04 KIWI Network Solutions Announces Delisting of Unauthorized Listing on Berlin-Bremen Stock Exchange JERSEY CITY, N.J.--(BUSINESS WIRE)--July 21, 2004--KIWI Network Solutions, Inc., (KWNS - news) announced today that it has recently requested and received notification that the Berlin-Bremen Stock Exchange has ceased trading and agreed to delist KWNS stock following its recent listing on that exchange without the consent or authorization of the Company. According to Diego Roca, KIWI Network Solutions Chief Executive Officer: "The Company has never applied for a listing on the Berlin-Bremen Stock Exchange and was never notified that the listing had occurred. We were surprised by the action of the Berlin-Bremen Stock Exchange to list KIWI Network Solutions stock without authorization. Furthermore, there are widely reported and serious concerns about the motivation behind those people initiating such actions." The Financial Times of London recently reported that the Berlin-Bremen Stock Exchange is being used to circumvent new US regulations aimed at barring a form of share price manipulation, according to several small US companies which have suddenly found their shares listed on it. In this article it states that these Berlin listings came just weeks before a new Securities and Exchange Commission rule on so-called naked short selling. Under the new rules, those seeking to sell shares short must be able to demonstrate that they are able to gain access to the securities within two days. However, the rules contain a loophole for what are deemed to be genuine arbitrage trades, defined as short sales in shares that are listed on another stock exchange. For additional information about KIWI Network Solutions, Inc., please see our website at kwnsmobile.com investor.news.com