Contact Information: For Investor Relations and Media Inquiries, contact: David Brant Senior Vice President & Chief Financial Officer Airspan Networks Inc. Tel: +1 561 893-8650 Fax: +1 561 893-8681 Email: dbrant@airspan.com Charlotte Laurent-Ottomane Investor Relations Tel: +1 561 395 4581 Email: clottomane@airspan.com
Airspan Networks Inc. Files Form 15 to Suspend Exchange Act Reporting Obligations
| Source: Airspan Networks Inc.
BOCA RATON, FL--(Marketwire - April 20, 2009) - Airspan Networks Inc. (PINKSHEETS : AIRN ), a
leading provider of WiMAX based broadband wireless access networks, today
announced that on April 20, 2009, in accordance with its previously
announced intention, Airspan filed a Certification and Notice of
Termination of Registration on Form 15 with the Securities and Exchange
Commission ("SEC") to effect the termination of the registration of its
common stock under Section 12(g) of the Securities Exchange Act of 1934
("Exchange Act").
Upon the filing of the Form 15, the Company's obligation to file periodic
and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, were
immediately suspended. Airspan expects that the deregistration of its
common stock will become effective 90 days after the date of filing of the
Form 15 with the SEC. The Company is eligible to deregister its common
stock because it has fewer than 300 holders of record of its common stock.
Airspan had previously delisted from the NASDAQ Global Market by filing a
Form 25 on April 10, 2009.
About Airspan Networks Inc.
Airspan is a leading WiMAX pure player and the solution-provider of choice
for some of the world's largest WiMAX deployments. Developing leading-edge
technology for broadband access and IP telephony, Airspan continues to
supply operators around the world with
best-of-breed solutions. With direct sales offices throughout Asia, EMEA
and the Americas, a worldwide network of resellers and agents, and
partnership alliances with major OEMs, Airspan boasts over 100 commercial
WiMAX deployments worldwide. www.airspan.com.
This press release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements, other than statements of
historical facts, including statements regarding our strategy, future
operations, financial position, future revenues, projected costs,
prospects, plans and objectives of management, may be deemed to be
forward-looking statements. The words "anticipates," "believes,"
"estimates," "expects," "intends," "may," "plans," "projects," "will,"
"would" and similar expressions or negative variations thereof are intended
to identify forward-looking statements, although not all forward-looking
statements contain these identifying words. We may not actually achieve the
plans, intentions or expectations disclosed in our forward-looking
statements and you should not place undue reliance on our forward-looking
statements. There are a number of important factors that could cause actual
results or events to differ materially from the plans, intentions and
expectations disclosed in the forward-looking statements we make. Investors
and others are therefore cautioned that a variety of factors, including
certain risks, may affect our business and cause actual results to differ
materially from those set forth in the
forward-looking statements. The Company is subject to the risks and
uncertainties described in its Annual Report on Form 10-K for the year
ended December 31, 2008, filed with the Securities and Exchange Commission
on March 31, 2009. You should read those factors as being applicable to all
related forward-looking statements wherever they appear in this press
release. We do not assume any obligation to update any forward-looking
statements.