Wireless Age Communications, Inc.
OTC Bulletin Board : WLSA

Wireless Age Communications, Inc.

September 14, 2005 09:00 ET

Bradley J. Poulos Appointed CEO Of Wireless Age; John G. Simmonds to Remain as Chairman

TORONTO, ONTARIO--(CCNMatthews - Sept. 14, 2005) -

Also confirms guidance as results continue to be strong

Wireless Age Communications, Inc. (OTCBB:WLSA), a leading supplier of solutions to the Canadian wireless communications industry, today announced on behalf of the Board of Directors that John Simmonds has stepped down as CEO, effective September 12, 2005, and Brad Poulos, the current President has been appointed to the position. Mr. Simmonds will remain Chairman.

The company has been led by Mr. Simmonds since March of 2003, and during that time several acquisitions have been made, and the company's revenues and earnings have grown considerably. He stated that the change is part of a succession that has been planned for several months, since the acquisition of mmwave Technologies from Mr. Poulos and his former partners. "The Board's priority is to ensure the continued growth of Wireless Age for the foreseeable future," he said. "We have a talented and seasoned management group and we are very pleased to have Brad Poulos assume the responsibility for leading the company as we move into the company's next phase of growth."

As Chairman, Mr. Simmonds will continue to be involved in corporate governance and strategic matters.

"I am honored to be appointed CEO of Wireless Age," Mr. Poulos said. "I am enthusiastic about our prospects and look forward to building on the strong foundation that John has developed. We plan to continue to grow this company and capture a significant part of the growth that the wireless industry promises for the next several years. I'm especially pleased that John will remain in the position of Chairman, and that we can continue to benefit from his experience and creativity."

The company management also confirmed previously-issued guidance. Revenues in each of the past two months were approximately $2.2 Million, and management believes that the company remains on track to achieve earnings in the range of $0.05 per share.

About Wireless Age Communications Inc.

Wireless Age Communications Inc. owns and operates four Strategic Business Units.

Wireless Age retail outlets sell next generation wireless products and services to business and individual end users in Saskatchewan and Manitoba. Wireless Source distributes prepaid phone cards, wireless accessories, land mobile radios, batteries and ancillary electronics products to dealers throughout North America. mmwave does specialty distribution and network engineering and integration, for carriers and manufacturers of communications equipment in Canada. Wireless Works operates broadband public access and private networks in Southern Ontario, and develops and deploys consumer and commercial products for those networks.

The company is a recognized leader in the wireless industry in Canada and is a member of the WiMax forum, as well as a very active member of the Canadian Wireless Telecommunications Association.

Wireless Age has an investment in Midland International Corporation, which plans to market low cost, wireless devices including cellular phones. One such phone is designed to be located in glove boxes, first aid kits, emergency supply packages and used for emergency purposes. Another is a prepaid wireless phone designed to be used in the low cost and short-term usage markets.

For additional information about Wireless Age Communications Inc. or its subsidiaries, please visit the company's website at www.thewirelessage.com or review periodic filings with the Securities and Exchange Commission at http://www.sec.gov.

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.

Wireless Age Communications, Inc. (OTC Bulletin Board:WLSA)

Contact Information

  • Wireless Age Communications, Inc.
    Brad Poulos
    CEO
    (905) 363-0345 ext. 223