Wiremedia Announces 3-for-1 Stock Split
24 October 2005 - 8:30PM
Business Wire
Wiremedia (Pink Sheets: WRMA) announced today that its Board of
Directors has declared a three-for-one stock split. Stockholders of
record on October 27, 2005, will be entitled to three shares of
Common Stock for each share of the Company's Common Stock held on
that date. The shares will be split on November 1, 2005. The board
members of Wiremedia believe that the one-into-three stock split
will make it easier for individuals to invest in Wiremedia. About
Wiremedia's Bluetooth Advertising Delivery System: Wiremedia's
Bluetooth Mediaserver is a small pocket-sized caching server that
delivers customized, rich media content and applications directly
to cell phones, within a range of 100 to 300 meters of a specific
location, at broadband speed. Cell phone users can receive coupons,
video, audio, photos, text messages, mms, sms, java applications,
etc. Wiremedia's Bluetooth Mediaserver is a secure,
permission-based system. Wiremedia's target customers are
businesses seeking to provide location-based coupons, contextual
advertising, and localized information to cell phone users within
their vicinity. According to market intelligence provider IDC, "80
percent of all new mobile phones and 70 percent of all PDAs are
expected to come equipped with Bluetooth access in 2006." Intuitive
and Costless for End-Users Wiremedia's solution is based on
Bluetooth, the standard platform for short-range networking; the
Bluetooth Mediaserver can deliver content 10 times faster than
downloading it via a mobile network. And since the content
originates from our system there are no network charges for the
brand and no data airtime charges for the consumer. About Wiremedia
Wiremedia (Pink Sheets: WRMA) is an emerging company focused on
creating scalable mobile technologies and wireless data software
applications. The company intends to leverage its immense expertise
in mobile content marketing and distribution to deliver value-added
mobile applications, services and content to the global market
place. http://www.wiremedia.com. Statements contained in this
release, which are not historical facts, may be considered
"forward-looking statements" under the Private Securities
Litigation Reform Act of 1995, and within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Forward-looking
statements are subject to certain risks, trends and uncertainties
that could cause actual results to differ materially from those
projected or anticipated in this release.
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