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chartcheater85
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WAVR - WAVERIDER COMM

WaveRider Communications, Inc.
255 Consumers Road
Suite 500
Toronto, ON M2J 1R4
Canada

Phone: 416-502-3200
Fax: 416-502-2968


D. Bruce Sinclair, PR/CEO/DIR

0/S 15m shares

CURRENT BUSINESS INFORMATION: WaveRider Communications, Inc. designs, develops, markets and supports fixed wireless Internet access products. The Company's products are designed to deliver efficient, reliable, and cost-effective solutions to bringing high-speed Internet access to markets around the world. The Company's wireless network products are designed to operate in the license-free ISM radio spectrum, which facilitates a more rapid and low-cost market introduction for service providers than for licensed or hardwire solutions. The Company's products utilize direct sequence spectrum or DSS communications, which ensures reliable, secure, low-interference communications.
The Company is focused on providing the solution to the "last mile" problem faced by traditional wired telecommunications services: how to profitably build out a network that provides the level of services demanded by end users. In medium to small markets, and in areas of the world with limited or no existing telecommunications infrastructure, the cost to install or upgrade wired services to provide the level of access customers expect can be prohibitive.
The Company's product portfolio includes the Last Mile Solution or LMS product line and the Network Communications Links or NCL product line. These product families are designed to deliver scalable, high-speed, fixed wireless Internet access to all sizes of businesses, home offices and residential users. Both the LMS and NCL product families include the Company's proprietary technologies developed at its research and development facility.
The LMS product family includes the LMS2000, LMS3000 and LMS4000 wireless networks. The LMS family is designed to enable service providers to deliver high-speed Internet access to both business and residential customers. The LMS series supports a variety of services including Internet access for e-mail, large file transfers, web browsing, and streaming audio and video. All LMS products are optimized for Internet Protocol or IP networks. Connectivity is provided to the end-users via a LMS end-user modem designed specifically for business or residential use.
The NCL product family is a series of wireless bridges and routers designed specifically for use by internet service providers, network managers and information technology managers. Offering point-to-point and point-to-multipoint line of sight wireless connectivity in the 2.4 to 2.485 GHz license-free frequency band, the Company's NCL products can be used to establish wide area networks and building-to-building links. The NCL can connect a single computer or computer network to other single computers or computer networks.
HISTORICAL BUSINESS INFORMATION: The Company was originally incorporated, under the laws of the State of Nevada on August 6, 1987, as Athena Ventures, Inc. From 1987 until its takeover of Channel I, PLC in November 1993, Athena Ventures had no activities or operations. From November 1993 until May 1997, the Company operated under the names Channel i Limited and Channel I, Inc. and was in the business of developing an interactive multimedia kiosk network to provide consumers with convenient access to an array of products and services. The Company had become dormant prior to its takeover of Major Wireless Communications, Inc. (now WaveRider Communications (Canada), Inc.) in May 1997.
In May 1997, the Company commenced activities in the wireless industries through its acquisition of Major Wireless Communications, Inc., organized in 1996 in British Columbia, Canada, as a private company to address an existing and growing market need to provide cost-effective, high-speed wireless Internet links. In May 1997, Major Wireless consummated the business combination with Channel I, Inc., pursuant to which Channel I, Inc., a company trading on the OTCBB, issued stock to the stockholders of Major Wireless, who became a subsidiary of the Company, and the Company changed its name to WaveRider Communications, Inc. The Company then completed the private placement of common and preferred share units for over $1.5 million (US).
On June 11, 1999, the Company acquired Transformation Techniques, Inc. (TTI) through a merger with a newly created subsidiary, WaveRider Communications (USA), Inc. The acquisition of TTI provided the company with an established sales force and customer base, mainly within the United States, and certain products and peripherals that enhanced the company's existing and planned product lines.
On March 9, 2000, the Company entered into a distribution agreement with VoIP International S.A. de C.V. of Mexico. As part of the agreement the Company has granted VoIP exclusive rights to market its products in Mexico in exchange for commitments to procure a minimum of $28,000,000 of Company?s products. As an incentive, the Company has issued to VoIP 4,500,000 Common Stock Purchase Warrants, exercisable at $3.15 up to February 2, 2003. VoIP will earn the right to exercise the warrants based on the achievement of certain minimum commitments.
As of April 30, 2001, the Company achieved several significant milestones. After three years of development, the Company celebrated the commercial launch of its LMS3000 non-line-of-sight wireless network at the IWCE trade show in Las Vegas in March 2001. The LMS3000 features a wireless modem that can be installed by the end-user and deliver data transfer speeds up to 1 mbps.
On May 31, 2001, the Company announced it had completed the initial installation of its LMS3100 non-line-of-sight wireless systems for an Internet Service Provider in British Columbia, Canada. Alberni-dot-Net of Port Alberni, B.C. will offer high-speed Internet access via the Company?s LMS3100, the world's first fixed wireless system to deliver broadband Internet access to homes and business via a non-line-of-sight connection.
On June 1, 2001, the Company announced it had signed a three-year, $25M (US) supply agreement for its Last Mile Solution wireless products with Emaar Properties PJSC, one of the Middle East's largest technology and property developers. Under the supply agreement, the Company will supply its wireless products for potential deployment in more than thirty countries throughout the Middle East, Africa, the Indian Subcontinent, and CIS countries.
On June 5, 2001, the Company announced it had signed a financing agreement with Crescent International Ltd. for up to (US) $10 million until 2003. The financing, arranged through Company's investment banker, Gruntal & Co., LLC, includes an initial $3 million to be received on June 6, 2001, through the sale of convertible Preferred Stock. Subject to certain conditions, the Company may raise up to an additional $7 million through sales of shares of Common Stock. As part of the agreement, the Company has provided Crescent with 877,193 common stock purchase warrants, exercisable at $1.71 per share for a period of five years.
On December 27, 2001, WaveRider Communications, Inc. announced it received a Nasdaq Staff Determination on December 21, 2001 indicating the Company did not comply with the minimum net tangible assets and the minimum stockholders' equity requirements for continued listing on The Nasdaq National Market as set forth in Marketplace Rule 4450(a)(3), and that its securities are, therefore, subject to delisting from The Nasdaq National Market.
On January 31, 2001, the Company changed its symbol from WAVWV to WAVCW.
In March 2002, the Company announced its' intention to close the Calgary Research and Development facility and integrate its operations in Toronto. It was expected that the transition would be completed in the third quarter of 2002. As a result, $110,000 was charged to the consolidated statement of loss in the period ended March 31, 2002 for the cost of cancelling the Company's facility lease commitments.
On March 14, 2002 the Company announced it had completed $2.1 million in financing through the sale of 14 million shares of common stock. Also, during the period ended March 31, 2002, the Company issued 30,096,662 shares of common stock for cash consideration of $4,497,000, less costs of $165,734.
On April 10, 2002, the Company commenced trading on the OTC Bulletin Board under the trading symbol WAVC.
In May 2002 the Company asked its stockholders to approve, at their Annual Meeting on July 9, 2002 for the following proposals: a 100% increase in the authorized number of shares of common stock from 200,000,000 to 400,000,000; approval of the Company's Employee Stock Option (2002) Plan, which authorizes 10,000,000 shares for incentive awards. During 2001 the Company's shares outstanding increased 32% to 72,973,681.


News...
WaveRider Communications Inc. (OTCBB:WAVR), the leader in non-line-of-sight wireless broadband technology and deployments, will release its results for the first quarter of fiscal year 2005 on Friday, May 13, 2005.

A conference call will also be held on May 16 at 4:30 p.m. (eastern) to discuss the results. The conference call will be hosted by Charles Brown, Chief Executive Officer, and Scott Worthington, Chief Financial Officer. The call will include a live question and answer session.

The conference call can be accessed via the WaveRider website, www.waverider.com, and at http://events.onlinebroadcasting.com/waverider/051605/index.php. (Due to the length of this URL, please copy and paste into your web browser). Both links will enable investors to access the event as an archive after it is completed. Real Player or Windows Media player are required.

Interested parties can join the conference call by dialing 416-405-9328. A telephone replay of the call will be available for seven days after the conference call by dialing 416-695-5800, passcode: 3152426.

About WaveRider Communications Inc.

WaveRider Communications Inc. (www.waverider.com) is a leader in broadband wireless deployments and technologies. WaveRider's Last Mile Solution(R) non-line-of-sight 900 MHz and 5.8 GHz networks enable communications providers to establish full-saturation coverage networks, deliver simultaneous voice and data services, and generate a rapid return on their investment. WaveRider is committed to the development of standards-based wireless technologies that support advanced applications and address the needs of both the North American and International markets. WaveRider is traded on the OTC Bulletin Board, under the symbol WAVR.

WaveRider Communications Inc. (OTC Bulletin Board:WAVR)

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I can tell you whats good and whats not based on level 2 structure...

Posts: 94 | From: Alaska | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
svrider1000
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Whats the L2 look like CC. I am at work and cant get l2 RIGHT NOW
Posts: 804 | From: Burbank, California | Registered: Feb 2005  |  IP: Logged | Report this post to a Moderator
chartcheater85
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Didn't recieve as much volume as I thought it would based on the news released. Not to sure what exactly this stock will do but it should recieve more volume when its next PR is released.

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I can tell you whats good and whats not based on level 2 structure...

Posts: 94 | From: Alaska | Registered: May 2005  |  IP: Logged | Report this post to a Moderator
   

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