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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (3983)	3/10/1999 11:46:00 AM
From: Qone0	Read Replies (1) \| Respond to of 52051

WLGS....News..Stock sitting on the bottom bollinger band and double bottom at .20.. Should be a good entry point. \| ------ \| Respond \| To: Robert Warren (422 ) From: EZ ED Wednesday, Mar 10 1999 9:27AM ET Reply # of 423 World Wide WirelessCommunications, Inc. Announces Expansion of Agreement to EstablishWorld Wide Wireless-Europa March 10, 1999 09:03 AM SAN FRANCISCO--(BUSINESS WIRE)--March 10, 1999--World Wide Wireless Communications, Inc. WLGS and World Wide Wireless-Europa, its Munich, Germany based affiliate, announced today an expansion of the original Nov. 15, 1998 agreement. The expansion of the original agreement is the result of the intent of WWW-Europa to quickly enlarge its area of operations from Germany to, among others, Poland, the Czech Republic, Slovakia and Hungary. While WWW-Europa continues moving forward with its efforts to establish service in Germany, it appears that a faster-track to functional operability may exist in neighboring nations to the east. Under the terms of the expanded agreement, the WWW-Europa investor group will increase its ownership interest in WLGS from approximately 10.9% to 19%. In exchange, those investors double their investment in WLGS to DM1,000,000 (approximately $600,000) and WLGS's ownership interests in WWW-Europa will increase from 29.9% to 49.9%. As was announced previously, WLGS has secured a commitment of a substantial additional investment from other investors in support of these European operations. WLGS believes that the potential for the growth and development of high-speed wireless Internet services in Europe -- and particularly in those nations which have recently transitioned from state-ownership and control to private-ownership or licensing of telecommunications -- is enormous. Frustration and dissatisfaction with the current cumbersome and antiquated telephone-based system continues unabated and interest in alternatives, such as that offered by WWW-Europa, to the current system remains extraordinarily high. Projected growth of Internet use in Europe necessitates the development of faster, and higher capacity connections to the 'Net which can be accommodated only by either onerously expensive infrastructure improvement of the wired-system or the creation and development of a broadband wireless system. In terms of both cost and time, the development of the wireless system, such as WWW-Europa is developing, would seem to be the system of choice for Europe's future. Officials and technicians from WLGS expect to travel to Germany, the Czech Republic and neighboring areas next month in support of the development of the European operations. It remains the expectation that operations will commence in Europe prior to the end of the year. Safe Harbor Statement under the Private Securities Litigation Reform Action of 1995: The statements contained in this release, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Those risks and uncertainties include, but are not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks associated with the industry in which the Company operates. -