ARC Wireless Solutions to Begin Trading on NASDAQ
April 09 2007 - 9:00AM
Business Wire
ARC Wireless Solutions, Inc. ("ARC") (OTCBB: ARCW) today announced
that The NASDAQ Stock Market has approved its application to be
listed on The NASDAQ Capital Market. Trading of ARC�s stock will
commence at the market open on Tuesday, April 10, 2007, under the
Company�s current ticker symbol �ARCW.� Randall P. Marx, CEO, said,
�We are extremely pleased that ARC meets the very high standards of
The NASDAQ Capital Market. This is an important step that will
provide greater access to institutional investors and increase the
Company�s visibility in the investment community. This exciting
event reflects on the Company�s continued resolve to meet higher
standards and enhance shareholder value.� The NASDAQ Capital Market
consists of companies that have met, and continued to meet,
specified financial and liquidity requirements as well as a high
level of corporate governance standards. About ARC Wireless
Solutions, Inc. ARC Wireless Solutions, Inc. is involved in
selective design, manufacturing, marketing and selling of a broad
range of wireless components and network products and accessories.
The Company develops, manufactures and markets proprietary
products, including Wi-Fi� and WIMAX panel antennas, mobile GPS,
and cellular antennas, as well as base station antennas (for
cellphone towers), through its Wireless Communications Solutions
Division; it designs, manufactures and distributes cable assemblies
for cable, satellite and other markets through its Starworks
Wireless Inc. subsidiary; and it negotiates and manages its
contract manufacturing relationships through its ARC Wireless Hong
Kong Ltd. subsidiary. The Company�s products and systems are
marketed through the Company�s internal sales force, OEMs, reseller
distribution channels, retail, and the Internet. ARC Wireless
Solutions, Inc., together with its Wireless Communications
Solutions Division and its Starworks Wireless Inc. subsidiary, are
headquartered in Wheat Ridge, Colorado. The Company�s Hong Kong
subsidiary is located in Kowloon, Hong Kong. For more information
about the Company and its products, please visit our web sites at
www.arcwireless.net, www.antennas.com, www.starworkswireless.com
and www.arcwirelesshk.net. This is not a solicitation to buy or
sell securities and does not purport to be an analysis of the
Company�s financial position. This Release contains forward-looking
statements within the meaning of the Securities Exchange Act of
1934. Although the Company believes that the expectations reflected
in the forward-looking statements and assumptions upon which
forward-looking statements are based are reasonable, it can give no
assurance that such expectations and assumptions will prove to have
been correct. See the Company�s most recent Quarterly Report on
Form 10-Q and Annual Report on Form 10-K for additional statements
concerning important factors, such as demand for products,
manufacturing costs, and competition, and the Company�s ability to
successfully utilize its cash, that could cause actual results to
differ materially from the Company�s expectations.
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