Wireless Age Communications, Inc.
OTC Bulletin Board : WLSA

Wireless Age Communications, Inc.

December 04, 2007 09:25 ET

Wireless Age on Track for Record Fourth Quarter

TORONTO, ONTARIO--(Marketwire - Dec. 4, 2007) - Wireless Age Communications, Inc. (OTCBB:WLSA), ("Wireless Age") is pleased to announce record unaudited consolidated revenues for both October and November 2007.

Unaudited revenues for the month of October and November 2007 were approximately CAD$3,289,000 and CAD$3,402,000, respectively. This equates to year-over-year growth of 48% in October, and 32% in November 2007. Retail segment revenues during November 2007 exceeded CAD$2,000,000 and eclipsed the previous record of approximately CAD$1,896,000 in December 2006. Commercial segment continuing operations revenues are also tracking at record highs with October and November 2007, reaching approximately CAD$1,506,000 and CAD$1,400,000, respectively. December 2006 commercial segment revenues were approximately CAD$1,230,000.

John Simmonds, Wireless Age CEO stated; "The Company now has approximately CAD$6.7 million in revenues to date and I'm confident that we will be able to exceed CAD$10 million for the fourth quarter. At these revenue levels our cash flow is very strong and we are running well ahead of our third quarter record performance in pre-tax earnings."

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) 833-2753 ext. 223