Press Release Source: Reality Wireless Networks Inc.
Reality Announces Intent to File Annual Report (10KSB) Monday January 24, 9:01 am ET
GIG HARBOR, Wash., Jan. 24 /PRNewswire-FirstCall/ -- Reality Wireless Networks Inc. (OTC Bulletin Board: RWLN - News), announced today that, due to delays associated with a prior change in the company's certifying accountants, the company has been unable meet its filing requirement for the 2004 annual report (Form 10KSB) in a timely manner. Reality Wireless Networks, Inc., has addressed the remaining items required to complete the audit and expects to file the 10KSB within fifteen days. ADVERTISEMENT
About Reality Wireless Networks Inc.
Reality Wireless Networks, Inc., a publicly-traded Nevada corporation, previously offered broadband wireless services through hybrid networks including fixed wireless, 802.11, and fiber to markets either underserved or not served by DSL and cable modem technologies. Reality has shifted focus to seek growth opportunities in the wireless marketplace and related product industries. ir@realitynetworks.com
More information about Reality Wireless Networks Inc. can be found at www.sec.gov.
This press release may contain "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about our market opportunity, our strategies, competition, expected activities and expenditures as we pursue our business plan, and the adequacy of our available cash resources. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Actual results may differ materially from the predictions discussed in these forward-looking statements. Changes in the circumstances upon which we base our predictions and/or forward-looking statements could materially affect our actual results. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) our limited operating history; (2) our ability to pay down existing debt; (3) our ability to retain the professional advisors necessary to guide us through our corporate restructuring; (4) the risks inherent in the investigation, involvement and acquisition of a new business opportunity; (5) unforeseen costs and expenses; (6) potential litigation with our shareholders and/or former or current investors; (7) the Company's ability to comply with federal, state and local government regulations; and (8) other factors over which we have little or no control.
RWLNE Reality Wireless Networks # shares 4.2 Million Price .001 = Market Cap $4,200
States will be up to date in reporting in two weeks and have the E removed. Was (and still is) providing high speed internet access to rural markets in Northern California where DSL or cable service was not available, plus has signed up to provide sevices to apartment houses. One review I read said that their service was not reliable. Their stock price fell from .10 Nov 2003 to .01 and now is .001 Now, however, Genesis Electronics Inc. has mereged with it and Genesis through years of R&D has developed and gotten a patent for charging hand held electronic devices such as cell phones using solar power. It provides maximum power transfer from a photovoltaic cell to charge the battery of a hand held device and thus extend the user time of the device. They have obtained one million dollars in financing and have received their first order worth $2,700,000 from Digital & Wireless Group for 70,100 Sun Blazers, a mobile electronic power holster for cell phones. This appears to be a market that will grow with time and with only 4.2 million shares, the price could rise substantially. Right now the Marke Cap is only $4,200 which basically means that people are saying that the company is worthless. If it starts showing a profit in future quarters (and it looks like it will) then the market cap will have to increase accordingly, which means that its price could increase 10x or even 100x or more. GIG HARBOR, Wash., Jan. 20 /PRNewswire-FirstCall/ -- Reality Wireless Networks Inc. (BULLETIN BOARD: RWLN) , announced today that it has received a near term financing commitment from an institutional source for up to $1.0 million. The financing is structured as a staged equity investment of 4-6 trenches dependent upon Reality Wireless meeting certain performance targets. Reality Wireless Networks, Inc. will use the proceeds of this financing to fund production efforts with its merger partner, GENESIS ELECTRONICS INC. As previously announced, GENESIS ELECTRONICS with its production partners has, through its proprietary technology and ongoing R & D and extensive market research, developed a mobile power product for consumer hand held electronic devices. This unique product combines on-board battery power and solar charging to provide significant additional power to the user's mobile phone and other consumer hand held devices. This merger is expected to be completed within 60 days.
Jerry Bessa, CEO of GENESIS, commented, "Reality's management continue to show that they can perform for us and are part of the team. The mobile phone and hand held device market we target remains robust and our product is positioned well for millions of users who frequently experience the loss of power with mobile devices!"
GIG HARBOR, Wash., Nov. 29 /PRNewswire-FirstCall/ -- Reality Wireless Networks Inc. (BULLETIN BOARD: RWLN) , announced today that its merger partner, Genesis Electronics Inc. ("GENESIS"), has received a Purchase Order for $2.7 million from Digital & Wireless Group, Inc., an International Marketing & Information Services, Inc. Company, for the "SunBlazer," a mobile electronic power holster for cell phone users.
GENESIS and Digital & Wireless Group, Inc., have worked together through R & D, prototype review and market research efforts to develop this initial Purchase Order. Digital & Wireless Group, Inc., http://www.digitalwirelessgroup.com/, is a leading specialist in laptop computer and mobile communication accessories with over twelve years experience and more than 2,000 business and retail customers worldwide.
Jerry Bessa, CEO of GENESIS, commented, "Our first Purchase Order for 70,100 'SunBlazers' is a very gratifying development after years of R & D and market research into what cell phone users really want and need in terms of mobile power. This order will include 'SunBlazers' for use with Nokia, Sony-Ericsson, & Motorola Cellular phones, and we expect future orders to include units for LG, NEC, Samsung, Sharp, Siemens, Panasonic, and Toshiba phones."
The CEO of Reality Wireless Networks Inc., Steve Careaga, noted, "This Purchase Order is a clear indicator of the value and excitement this merger will bring to Reality Wireless Networks, Inc. We believe that GENESIS, with this first Purchase Order and worldwide distribution partner, will truly be tomorrow's leading mobile power solution provider
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Only a tenth of my order got filled and then the ask went up. So now it has to go up a good amount to even make my commissions back. Well i am sure it will continue to climb because Level II looks great. Jonathan
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FOr those with scottrade issues..........0019x.002 and the wall is good. Can get filled at this......This is going to .003 or more today....READ THE DD....This thing was trading at 18 cents............ .18 in the fall.....!!!!!!!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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