Wireless Age Communications, Inc.
OTC Bulletin Board : WLSA

Wireless Age Communications, Inc.

October 09, 2007 10:14 ET

Wireless Age Communications, Inc.: Record Revenues in Third Quarter 2007

TORONTO, ONTARIO--(Marketwire - Oct. 9, 2007) - Wireless Age Communications, Inc. (OTCBB:WLSA) is pleased to announce that the continuing operations unaudited revenues for the quarter ended September 30, 2007 were approximately US$8.1 million, an all time record for the Company.

John G. Simmonds, Wireless Age CEO stated, "I'm delighted with the growth we've managed to generate in Wireless Age. It's a record quarter even after taking into account the foreign exchange effect of a rising Canadian Dollar. Wireless Age has substantially completed a significant restructuring and is well positioned for the future."

Third quarter 2007 unaudited revenues from continuing were approximately US$8.1 million (approximately CAD$8.5 million). Third quarter 2006 continuing operations revenues were approximately US$6.5 million (approximately CAD$7.3 million). Revenues from continuing operations arise from Western Canadian retail operations and the remaining distribution businesses.

Mr. Simmonds added, "I believe our management team will be able to continue to drive consistent growth for the foreseeable future."

Note: This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of 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 revenues without 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 demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.

Contact Information

  • Wireless Age Communications, Inc.
    John G. Simmonds
    Chairman & CEO
    (905) 833-9845 ext. 223