posted
This week I will be accumulating anything I can under.019. With 2 acquisitions mentioned as COMPLETED in the NT-10Q filing on 2/14/05, I expect some significant INCREASES in the near future. The CHIEF OPERATING OFFICER LOANED BWDI CASH and TOOK SHARES at .019 in exchange for the debt! THINK ABOUT THAT!
So he took 9998659 million shares for a loan of about $189974.52 dollars.
Something is going on with this one. As always I value all opinons so please post your thoughts.
-------------------- grasshopper Posts: 268 | From: LA | Registered: Dec 2004
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BWDI DD LINKS: OS =102 MILLION AS=200 MILLION.......................... Overview
The Company derives its revenue from monthly and in some cases annual fees for wireless broadband internet services. During the fiscal year ended September 30, 2004, the Company made several acquisitions and an asset purchase that increased the customer and revenue base of the Company. The Company also focused its primary business efforts on expanding its wireless broadband network and away from the development of video compression technology, which had not produced positive financial results. The Company also focused on raising capital through private and public placements of it common stock essential to providing the capital to expand its wireless broadband network and servicing its debt.
Fiscal Year 2004 Compared to Fiscal Year 2003
Sales
Sales increased $162,977 or 315% to $214,786 in fiscal 2004, from $51,809 in fiscal 2003. This increase was directly attributable to acquisitions made during fiscal 2004, which increased the Company's regional wireless broadband network and customer base.
Product Development Costs
Product development costs decreased 77% to $39,418 from $171,019 during fiscal 2004. The decrease reflects the Company's change of business focus from video compression technology to wireless broadband internet services. With the change in management, during fiscal 2004, the Company evaluated its business prospects and related costs of continuing to focus its business on video compression technology. It was management's decision that opportunities to expand the regional wireless network were more available and cost effective, the Company will continue to focus the majority of its efforts on expanding its regional wireless netwook in fiscal 2005.
Operating Expenses
Operating expenses increased 25% to $1,422,849 from $1,139,821 during fiscal 2004. This increase is a result of increased salary and benefit cost primarily due to non-cash issuances of the Company's common stock for payment of passed amounts owed to employees and executives. The Company does not expect stock issuances, such has payment for past services, to recur in fiscal 2005. In addition, the Company experienced increased operating costs related to the rental and maintenance of equipment acquired pursuant to the acquisitions during fiscal 2004.
New management assumed control of the Company effective July 1, 2004. One of management's first objectives was to analyze the internal operations of the Company. Extensive internal audits of the Company's accounts receivable, including its customer base, reconciliation of accounts payable, including amounts owed to vendors and its senior lender, uncovered errors in many accounts. The Company has made an entry to adjust the net assets and liabilities to reflect their true makeup. This adjustment decreased the net loss realized by the Company during fiscal 2004 by $385,680.
Liquidity and Capital Resources
Cash used in operating activities was $564,686 in fiscal 2004, compared to $272,368 in fiscal 2003. The increase is primarily related to the increase in net loss experienced by the Company in fiscal 2004.
Net cash used in investing activities increased to $41,791 in fiscal 2004, from $2,926 in fiscal 2003. The increase primarily reflects the purchase of equipment necessary for the maintenance of the Company's regional wireless broadband network.
Net cash provided by financing activities was $500,934 in fiscal 2004, compared to $379,500 in fiscal 2003. This increase reflects proceeds from notes and sales of preferred stock, which exceeded amounts raised in fiscal 2003 primarily from sales of common stock.
Management is focusing the Company on expanding and improving its wireless internet service and reviewing the continued development of newer, leading edge video technology. Through acquisition and normal growth, the Company will continue to increase its customer base to derive the necessary revenue generation to support operations.
DALLAS--(BUSINESS WIRE)--Dec. 13, 2004--Blue Wireless & Data, Inc. (OTCBB:BWDI - News), today announced that it has launched wireless service in Highland Park, Texas. "Wireless broadband access has arrived in Highland Park," said John Mills, Blue Wireless & Data Chief Operating Officer. Wireless Broadband has been successful for us in the rural community, and now with our new non line-of-site technology, it is time to bring wireless broadband Internet service to the city."
The Company's non line-of-sight technology allows Blue Wireless & Data to reach 95% of the customers in the coverage area. Non line-of-site means that objects such as trees and buildings do not impede the wireless signal path.
Blue Wireless & Data is a broadband service provider delivering high-speed wireless Internet access to residential customers and small to medium-sized businesses, as well as high-speed land based bandwidth from T1s to DS3s for enterprise-level solutions. For further information, visit www.bluewirelessdata.com.
Blue Wireless & Data Announces Letter of Intent to Acquire Gerdes Web Services Thursday January 20, 10:34 am ET
DALLAS--(BUSINESS WIRE)--Jan. 20, 2005--Blue Wireless & Data, Inc. (OTCBB:BWDI - News) is pleased to announce that it has signed a letter of intent to acquire Gerdes Web Services, a wireless Internet company that provides Internet service to several suburban and rural areas near the Dallas/Fort Worth Metroplex. The coverage areas include the towns of McKinney, Allen, Lake Lavon, Fairview, Princeton, and Lowry Crossing. Blue Wireless & Data Chief Operating Officer, John Mills, stated, "The acquisition of Gerdes Web Services will enable the Company to provide Web Hosting Services in addition to our other service offerings. It will also increase our base of business and residential customers."
Blue Wireless & Data is aggressively pursuing similar acquisitions to complement its current wireless Internet network system and increase its customer base.
Blue Wireless & Data Announces Acquisition of Gerdes Web Services Thursday January 27, 10:20 am ET
DALLAS--(BUSINESS WIRE)--Jan. 27, 2005--Blue Wireless & Data, Inc. (OTCBB:BWDI - News) today announced that it has completed the acquisition of Gerdes Web Services, a wireless Internet company that provides broadband Internet service to several suburban and rural areas near the Dallas/Fort Worth Metroplex. The coverage areas include the towns of McKinney, Allen, Lake Lavon, Fairview, Princeton, and Lowry Crossing. Blue Wireless & Data Chief Operating Officer, John Mills, stated, "We are happy to conclude this transaction which expands our network and our service offering. We plan to continue these types of transactions over the coming weeks and months."
The acquisition of Gerdes Web Services will increase the base of the Company's business and residential customers.
Blue Wireless & Data is aggressively pursuing similar acquisitions to complement its current wireless broadband Internet network system, broaden its network infrastructure, and increase its customer base.
Blue Wireless & Data Announces Letter of Intent to Acquire Panaband Wednesday January 26, 10:36 am ET
DALLAS--(BUSINESS WIRE)--Jan. 26, 2005--Blue Wireless & Data, Inc. (OTCBB:BWDI - News) is pleased to announce that it has signed a letter of intent to acquire Panaband (DSG Technology, Inc.), a wireless Internet company that provides Internet service to several suburban and rural areas near the Dallas/Fort Worth Metroplex. The coverage areas include the towns of Frisco, Prosper, Aubrey, Little Elm, and McKinney. "The acquisition of Panaband will increase our base of business and residential customers. We are pleased to offer our wireless broadband Internet services with our top-notch customer support to these new customers."
Blue Wireless & Data is aggressively pursuing similar acquisitions to complement its current wireless broadband Internet network system and increase its customer base.
Blue Wireless & Data Announces Acquisition of Globalcon, a Voice Over IP Company Wednesday January 26, 2:13 pm ET
DALLAS--(BUSINESS WIRE)--Jan. 26, 2005--Blue Wireless & Data, Inc. (OTCBB:BWDI - News), as part of its strategy to aggressively pursue acquisitions, today announced it has acquired Globalcon, Inc., a Voice Over Internet Protocol (VoIP) company based in Dallas. Globalcon's VoIP technologies enable their customers to place voice phone calls at less expensive rates than traditional telecom rates by routing the calls over the Internet. Blue Wireless & Data Chief Operating Officer, John Mills, stated, "Globalcon has years of experience in the VoIP markets, and we are excited about including their services as part of the Blue Wireless & Data offering in the near future. Utilizing VoIP technology over our growing broadband Internet network provides several new opportunities for us."
Blue Wireless & Data is aggressively pursuing similar acquisitions to complement its current wireless broadband Internet network system and increase its customer base.
Blue Wireless & Data Announces Acquisition of Canton Technology Center, LLC Monday January 31, 10:50 am ET
DALLAS--(BUSINESS WIRE)--Jan. 31, 2005--Blue Wireless & Data, Inc. (OTCBB:BWDI - News) today announced it has acquired Canton Technology Center, LLC, a collocation data center based in Dallas. Canton Technology Center is a secure telecommunications collocation facility that provides carrier-neutral access to tier 1 broadband Internet services for its customers. Blue Wireless & Data Chief Operating Officer, John Mills, stated, "With the addition of Canton Tech Center, Blue Wireless will realize the benefits of increased control over the Company's bandwidth utilization, lowered cost of Internet service, and the ability to provide enhanced services. The resulting arrangement will enable us to more efficiently provide quality service to our new customers we have brought on through our recent acquisitions."
"We anticipate that both companies will create new sales opportunities for each other," he added.
Blue Wireless & Data is aggressively pursuing similar acquisitions to complement its current wireless broadband Internet network system and increase its customer base.
Blue Wireless & Data Announces Letter of Intent to Acquire Light Speed Wireless Thursday February 3, 10:00 am ET
DALLAS--(BUSINESS WIRE)--Feb. 3, 2005--Blue Wireless & Data, Inc. (OTCBB:BWDI - News) today announced today that it has signed a letter of intent to acquire Light Speed Wireless (Daly Technologies, LLC), a wireless Internet company that provides broadband Internet service to several suburban and rural areas near the Dallas/Fort Worth Metroplex. The coverage areas include the towns of Murphy and Wylie, Texas. Blue Wireless & Data Chief Operating Officer, John Mills, stated, "The acquisition of Light Speed Wireless will increase our base of business and residential customers. It allows us to directly link and extend southward from our previous acquisition of Gerdes Web Services," he added. (See Jan. 27, 2005 press release)
Blue Wireless & Data is aggressively pursuing similar acquisitions to complement its current wireless broadband Internet network system and increase its customer base.
Press Release Source: Blue Wireless & Data, Inc.
Blue Wireless & Data Announces Letter of Intent to Acquire Speed of Light Broadband Thursday February 10, 8:30 am ET Here is link to Speed of Light Broadband website
DALLAS--(BUSINESS WIRE)--Feb. 10, 2005--Blue Wireless & Data, Inc. (OTCBB: BWDI - News) today announced today that it has signed a letter of intent to acquire Speed Of Light Broadband, LLC (not to be confused with Light Speed Wireless announced 1 week ago), a wireless Internet company that provides broadband Internet service to several suburban and rural areas near the Dallas/Fort Worth Metroplex. The coverage areas include the towns of Aubrey, The Colony, western Frisco, Lake Dallas, Crossroads, Lewisville Lake, and others. "The addition of Speed Of Light Broadband will add to our base of residential and business customers," commented Blue Wireless & Data Chief Operating Officer, John Mills. "Speed Of Light utilizes Motorola Canopy equipment for its network infrastructure, which is naturally compatible with our own existing Motorola Canopy infrastructure. This greatly aids a smooth technical transition into our system."
Blue Wireless & Data is aggressively pursuing similar acquisitions to complement its current wireless broadband Internet network system and increase its customer base.
Now read the SEC 10K report and you have an idea where this is going!!!!
-------------------- grasshopper Posts: 268 | From: LA | Registered: Dec 2004
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