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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?

To: Lalit Jain who wrote (3)	4/7/1998 6:11:00 PM
From: Lalit Jain	Respond to of 16863

Wi-LAN Inc. Wanda Posehn Manager, Corporate Relations (403) 273-9133 (403) 273-5100 (FAX) wandap@wi-lan.com wi-lan.com The Alberta Stock Exchange has neither approved nor disapproved the information contained in this news release. NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: WI-LAN INC. ASE SYMBOL: WIN APRIL 7, 1998 Wi-LAN Inc. Redeems 145,600 Common Shares CALGARY, ALBERTA--Wi-LAN Inc. (ASE:WIN) announces that it has completed the previously announced cancellation of 145,600 common shares of Wi-LAN following payment by Wi-LAN of $125,000. The common shares had been held in escrow pursuant to an agreement dated September 27, 1996, and have now released to Wi-LAN for surrender and cancellation. Wi-LAN completed its initial public offering of 4,200,000 common shares at a price of $2.50 per share for gross proceeds of $10,500,000 on March 25, 1998. Wi-LAN Inc. is an entrepreneurial research, development and engineering company whose mission is to design, build and market innovative, leading-edge spread spectrum wireless networking technologies. The company's primary purpose is to deliver spread spectrum wireless data communications products that feature consistent high performance, easy installation and superior quality at significantly lower costs than traditional wire-based networking alternatives. Wi-LAN's Hopper Modems and wireless Ethernet bridges have been used by industries, corporations, schools and governments to provide secure, reliable and cost-effective data communications and networking. Wi-LAN products have been sold in more than 25 countries on six continents. For more information visit Wi-LAN at:www.wi-lan.com.