Wireless Age Communications, Inc.
OTC Bulletin Board : WLSA

Wireless Age Communications, Inc.

December 05, 2007 09:35 ET

Wireless Age Communications Retains Barwicki Investor Relations Company

Company to Implement New Shareholder Communications Program

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2007) - Wireless Age Communications (OTCBB:WLSA) is pleased to announce that it has retained Barwicki Investor Relations Co. to expand the Company's strategic investor relations program.

"We are pleased to be initiating the investor relations program at this stage of our growth and our past business relationships with Mr. Barwicki make this a perfect fit.," stated John Simmonds, Chairman and CEO of Wireless Age. "With Wireless Age on track for a record fourth quarter, it makes sense to bring a professional IR element to the table. Andrew's strong performance and relationships within the investment community make him an ideal fit."

"I am extremely excited about this opportunity during Wireless Age's growth period," stated Andrew Barwicki. "After reviewing Wireless Age's financials and business plan, and having conversations with John, I wholeheartedly believe the investment community, especially institutional investors, will be interested in the Company. Constant revenue increases make Wireless Age a growth and value investment opportunity. Having worked with John before, I am more than eager to extend my services to Wireless Age."

Wireless Age Communications, through its 99.7% owned subsidiary, Wireless Age Communications Ltd., is in the business of operating retail cellular and telecommunications outlets in cities in western Canada. Through its other wholly owned subsidiary, Wireless Source Distribution Ltd., the company distributes two-way radio products, prepaid phone cards, wireless accessories and various battery and ancillary electronics products in Canada.

Unaudited revenues for the month of October and November 2007 were approximately CAD$3,289,000 and CAD$3,402,000, respectively, which equals approximate year-over-year growth of 48% in October, and 32% in November 2007. Retail segment revenues during November 2007 exceeded CAD$2,000,000, eclipsing 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.

Consolidated revenues for the third quarter of fiscal 2007 were US$8,279,518 up from US$7,574, 598 in the second quarter of fiscal 2007 and up from US$6,504,134 during the third quarter of fiscal 2006. The Company reported earnings of US$496,423 during the quarter ended September 30, 2007 compared to a loss of US$1,468,410 during the comparative period in 2006.

Barwicki Investor Relations Company is a full-service Investor Relations counseling firm, providing financial media relations, institutional and retail investor targeting, crisis communications, annual report writing and other corporate communication services for public and private companies. Andrew Barwicki is a seasoned veteran with 16 years of marketing and investor relations experience. Barwicki Investor Relations has built a database of 72,897 money, fund and portfolio managers, chief investment officers, venture capitalists, financial analysts, broker-dealers/stock brokers, investment bankers and market makers. This is a proprietary database that has never been purchased, sold or traded. For further information please visit www.barwicki.com.

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 and CEO
    (905) 833-9845 ext. 223
    Website: www.thewirelessage.com
    Andrew Barwicki
    Investor Relations
    (516) 662-9461