Wireless Age Communications, Inc.

Wireless Age Communications, Inc.

March 11, 2005 12:10 ET

Wireless Age To Allow Westcan Wireless, Allcan Electronic Distributors And Bluewave Antenna Systems Offer To Expire


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: WIRELESS AGE COMMUNICATIONS, INC.

OTC Bulletin Board SYMBOL: WLSA

MARCH 11, 2005 - 12:10 ET

Wireless Age To Allow Westcan Wireless, Allcan
Electronic Distributors And Bluewave Antenna Systems
Offer To Expire

TORONTO, ONTARIO--(CCNMatthews - March 11, 2005) - Wireless Age
Communications, Inc. (OTCBB:WLSA) announced today that it will no longer
pursue the acquisition of 479645 Alberta Ltd. including its operating
divisions Westcan Wireless and Allcan Electronic Distributors and its
majority owned subsidiary Bluewave Antenna Systems Ltd. Wireless Age and
the shareholders of 479645 Alberta previously agreed to extend the
closing to March 15, 2005.

"We believe that given our current share price, this acquisition is no
longer in the best interests of the Company." said John Simmonds,
Wireless Age's CEO. "Acquiring Westcan, Allcan and Bluewave would be far
too dilutive. We have other acquisition alternatives. In addition we
prefer to focus on the process of integrating mmwave and Wireless Age
operations."

About Wireless Age Communication Inc.

Wireless Age Communications Inc. operates three Strategic Business Units
(SBUs). They consist of Wireless Age for the retail sector, Wireless
Source covering wholesale/distribution and Wireless Works is the
Company's networks and engineering division.

Wireless Age retail outlets market and sell next generation wireless
products and services. Wireless Source distributes prepaid phone cards,
wireless accessories, land mobile radios, batteries and ancillary
electronics products throughout North America. Wireless Works operates
broadband public access and private networks and develops and deploys
consumer and commercial products for use on those networks.

mmwave is a distributor, systems integrator and representative of
wireless, microwave and fibre optic components, test systems and
subsystems. The company provides a range of technical solutions to the
Canadian and select international markets - primarily in the
manufacturing and service provider segments of the communications
industry. The company is a recognized leader in the community broadband
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's retail operations (Wireless Age) are conducted through
its 94% owned subsidiary Wireless Age Communications Ltd.
Wholesale/distribution operations (Wireless Source) are conducted
through its wholly owned subsidiaries mmwave Technologies Inc., Wireless
Source Distribution Ltd., Marlon Distributors Ltd., Prime Wireless
Corporation and the A.C. Simmonds and Sons operating division. Networks
and engineering operations (Wireless Works) are conducted through
agreements with Knowlton Pass Electronics Inc. and Maxtel Wireless Inc.

Wireless Age has an investment in Azonic 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 and
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 our website at www.thewirelessage.com or
review our 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 we 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; our ability to
retain key management and employees; intense competition and our 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
requirement 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.'s 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)


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Wireless Age Communications, Inc.
    John Simmonds
    Chairman & C.E.O.
    (905) 833-0808 ext 223
    or
    mmwave Technologies Inc.
    Brad Poulos
    C.O.O.
    (905) 363-1012
    or
    Martin E. Janis & Company, Inc.
    Beverly Jedynak
    (312) 943-1100 ext. 12