POTOMAC, Md., March 18, 2004 (PRIMEZONE) -- Yesterday was a huge up-day for the wireless sector, and the Wall Street Small Cap Reporter is closely monitoring a number of wireless "stocks to watch" this morning. They include: Motorola (NYSE:MOT), Intel Corp. (NYSE:INTC), Atmel (Nasdaq:ATML), Mobil Pro (OTCBB:MOBL), and P-Com (OTCBB:PCOM).
Aggressive investors may want to continue looking at Airbee Wireless (Pink Sheets:ABEW). The company issued a press release this morning announcing the findings of two independent research reports that are, in essence, a resounding endorsement of Airbee's business model.
The reports, from On World and West Technology Research Solutions, predict that demand in the short range, low data rate wireless space -- in which Airbee is a leading innovator -- will surpass that of the current WiFi market. "We view these research reports as validation of our business model and marketing strategy," said Airbee CEO Raj Sundaresan.
Airbee is currently developing software stacks that are designed to fully comply with the IEEE 802.15.4 standard and the emerging ZigBee wireless standard. The company has signed a number of co-brand agreements with numerous manufacturers to integrate its solutions in a variety of consumer and commercial product applications. It expects to sign distribution agreements with at least three companies.
ABEW shares closed yesterday at $0.25.
Other stocks in the wireless space showing very interesting activity yesterday were Ericsson (NASDAQ: ERICY), up and the Sprint FON Group (NYSE:FON), also up.
Interested investors may contact INFe-Ventures, Inc. at 703-734-5650 or via email at info@infeventureclub.com.
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Wall Street Small Cap Reporter, (WSSCR) publishes reports providing information on selected companies that it believes has investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant for the publication and circulation of this report. This report contains forward-looking statements, which involve risks, and uncertainties that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, request additional information from the Company or obtain the SEC filings of the Company including the company's most recent annual and quarterly reports.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Airbee Wireless, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and/or changes in our business strategies.