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John Simmonds Acquires Additional Wireless Age Shares

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
TORONTO, ONTARIO--(MARKET WIRE)--Nov 21, 2007 -- Wireless Age Communications, Inc. (OTC BB: - ) ("WirelessAge" or the "Company") a leader in the Canadian telecommunicationsindustry, announced today that its Chairman and CEO, JohnSimmonds has purchased 275,000 shares in the market thisweek.

The average price for the shares was approximately $0.184per share.

Mr. Simmonds commented, "I believe that the company's stockis a strong buy at the current levels. We believe our currentmarket capitalization is well below where is should be basedon our current level of earnings. We have just completedthe most profitable quarter in the companies' history andsales are running at record levels. We closed our acquisitionof Selkirk MTS Connect and our revenues of it are aheadof budget already in our first month of operation.

Note: This press release contains "forward looking statements"as defined in the Private Securities Litigation Reform Actof 1995. These forward-looking statements are based on currentlyavailable competitive, financial and economic data and management'sviews and assumptions regarding future events. Such forward-lookingstatements are inherently uncertain. Wireless Age Communications,Inc. cannot provide assurances that the matters describedin this press release will be successfully completed orthat the company will realize the anticipated benefits ofany transaction. Actual results may differ materially fromthose projected as a result of certain risks and uncertainties,including but not limited to: global economic and marketconditions; the war on terrorism and the potential for waror other hostilities in other parts of the world; the availabilityof financing and lines of credit; successful integrationof acquired or merged businesses; changes in interest rates;management's ability to forecast revenues and control expenses,especially on a quarterly basis; unexpected decline in revenueswithout a corresponding and timely slowdown in expense growth;the company's ability to retain key management and employees;intense competition and the company's ability to meet demandat competitive prices and to continue to introduce new productsand new versions of existing products that keep pace withtechnological developments, satisfy increasingly sophisticatedcustomer requirements and achieve market acceptance; relationshipswith significant suppliers and customers; as well as otherrisks and uncertainties, including but not limited to thosedetailed from time to time in Wireless Age Communications,Inc. SEC filings. Wireless Age Communications, Inc. undertakesno obligation to update information contained in this release.For further information regarding risks and uncertaintiesassociated with Wireless Age Communications, Inc.'s business,please refer to the risks and uncertainties detailed fromtime to time in Wireless Age Communications, Inc.'s SECfilings.

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