SOURCE: Recab International, Inc.

July 10, 2006 08:30 ET

Recab International, Inc. Refutes Recent Statements

FT. LAUDERDALE, FL -- (MARKET WIRE) -- July 10, 2006 -- In a statement to shareholders, vendors and customers worldwide, COO David Caruthers, speaking on behalf the Board of Directors of Recab International, Inc. (PINKSHEETS: RCAB) (the "Company"), dismissed recent information posted on websites and in chat rooms concerning its corporate advisors as fraudulent attacks designed to damage the Company, affiliated parties, and ultimately Recab International Inc.'s shareholders. Mr. Caruthers added, "We have managed and will continue to manage the company responsibly, carefully, and diligently. We are completing a successful transition that we believe will bring significant value to existing and new shareholders. We hold ourselves, our executives and employees to the highest standards. We invite our shareholders to contact us directly concerning any commentary not authorized by the board originating from questionable or suspect sources." Additionally, Mr. Caruthers and the Board cautioned its shareholders that, "Information concerning our firm, executives or affiliates, or any other firm and its executives and advisors for that matter, is reliable only when issued through internationally recognized and qualified sources."

ABOUT RECAB INTERNATIONAL, INC.

Recab International, Inc., f/k/a Reality Wireless Networks, Inc., a Nevada corporation, is the United States-based parent corporation of Arabian Recab. The 25-year-old Saudi Arabian-based company focuses primarily on the transportation, building materials supply and public works industries. Arabian Recab recently merged with Recab International, Inc., in order to expand and strengthen its investment opportunities within the United States.

This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) managing acquisitions and expansion of operations; (2) our ability to manage existing debt; (3) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (4) unforeseen costs and expenses; (5) potential litigation with our shareholders and/or former or current investors; (6) the Company's ability to comply with federal, state and local government regulations as well as the laws and treaties of other sovereign nations; (7) the risks associated with foreign currency; and (8) other factors over which we have little or no control.

Contact Information

  • Contact:
    Recab International, Inc.
    1314 E Las Olas Blvd #222
    Fort Lauderdale, FL 33301
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