Edgewater Wireless Systems, Inc.

Edgewater Wireless Systems, Inc.

November 22, 2011 09:01 ET

Edgewater Wireless Systems Inc. Parent to Hold Special Meeting of Shareholders

Announces Agreement for Investor Relation Services

OTTAWA, ONTARIO--(Marketwire - Nov. 22, 2011) - Edgewater Wireless Systems, Inc., a leading developer and manufacturer of multi-channel 802.11 wireless communications equipment, announces that its parent company, KIK Polymers Inc. (TSX VENTURE:KPI) will hold a Special Meeting of Shareholders on January 12, 2012. Edgewater Wireless Systems, Inc. is a wholly owned subsidiary of KIK Polymers.

The meeting will give shareholders the opportunity to meet the management team and conduct various orders of corporate business. The meeting will be held at 609 Granville Street, Suite 1578, Pacific Center, Vancouver, British Columbia beginning at 10:00am PDT.

Shareholders will have the opportunity to discuss with management plans to aggressively pursue business opportunities in the rapidly growing WiFi enterprise markets in various regions of the world. At the meeting, a resolution will be put forward to change the name of KIK Polymers Inc. to Edgewater Wireless Systems, Inc.

Additionally, the agenda will include:

  1. A resolution to set the number of directors at five (5);
  2. The election of directors to the Board;
  3. The appointment of auditors of the Company;
  4. The approval of the Company's Stock Option Plan;
  5. The transaction of other business which may properly come before the meeting, or any adjournment thereof.

A formal notice of the Special Meeting of Shareholders will be issued to KIK Polymers Inc. shareholders as per applicable corporate law and TSX Venture Exchange requirements.

Edgewater Wireless Systems Inc. is also pleased to announce that it has retained Phoenix Communications Group (Phoenix Group) to provide investor relations and shareholder communications services effective November 15, 2011.

Phoenix Group will provide its services on a consulting basis pursuant to an investor relations consulting agreement dated November 14, 2011 for a period of one year. Terms of the agreement stipulate that the Phoenix Group will be paid a monthly fee of $5,000 and that KIK Polymers Inc. has agreed to grant the Phoenix Group 400,000 share purchase options at an exercise price of $.375 per share, good for 12 months, subject to the terms of it's board approved option plan, TSX Venture Exchange vesting policies and TSX Venture Exchange approval of the investor relations agreement.

About Phoenix Group

Phoenix Communications Group is a full service corporate communications and investor relations company based in Kelowna, BC. Its founder and president is Jason Shepherd who has more than 20 years of experience in the investment industry with 15 of those years heading up the Phoenix Group. Mr. Shepherd will personally be formulating and implementing the corporate communications and investor relations program on behalf of Edgewater Wireless.

About Edgewater Wireless Systems, Inc

Edgewater Wireless develops and commercializes leading edge technologies and intellectual property for the communications market. The company's customer base includes some of the world's largest telcos and enterprises. Edgewater Wireless' EAP3000 product family delivers significantly greater bandwidth density, advanced network visibility, improved security, and network reliability required to meet the demands generated by the explosive growth in data communications occurring around the world. Backed by an extensive patent portfolio, the flagship EAP3000 product family leverages an internally developed, high-performance multi-channel, standards compliant radio chipset that targets the rapidly growing demand for data communications capacity. Drawing from top industry professionals, Edgewater Wireless is managed by an experienced team with extensive commercialization and development expertise in advanced wireless, communications and semiconductor solutions. For more information, please visit www.edgewaterwireless.com.

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends" "pursue" and similar expressions are intended to identify forward-looking information or statements. Although Edgewater Wireless believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward looking statements and information because Edgewater Wireless can give no assurance that they will prove to be correct. By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause Edgewater Wireless's actual results and experience to differ materially from the anticipated results or expectations expressed. These risks and uncertainties, include, but are not limited to access to capital markets, market forces, competition from new and existing companies and regulatory conditions. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release or otherwise, and to not use future-oriented information or financial outlooks for anything other than their intended purpose. Edgewater Wireless undertakes no obligation to update publicly or revise any forward looking information, whether as a result of new information, future events or otherwise, except as required by law.


Contact Information

  • Edgewater Wireless/KIK Polymers
    Andrew Skafel
    President, Edgewater Wireless
    613.271.1101 x 2262

    Phoenix Communications Group Inc
    Jason Shepherd
    President and CEO
    250.717.1910 Office
    866.913.1910 Toll Free