NORTH HAVEN, Conn., Dec. 1, 2003 (PRIMEZONE) -- PMI Wireless Inc. was acquired in a reverse merger today by International Wireless Inc. As a result of the merger, the previous shareholders of International wireless were reverse split 30-1 and the trading symbol was changed from IWIN to IWLJ (Pink Sheets:IWLJ).
PMI Wireless, an emerging wireless system installer with revenue sharing software, offers patented smart antennas that suppress multipath interference, reducing the need for line of sight and increasing range and throughput. This equipment is manufactured by Turbo Wave Inc., a technology leader delivering Customer Premise Equipment (CPE) for Broadband Wireless Access Systems in the ISM, WLL, MMDS and UNII frequency bands, and it carries a reseller's agreement that allows PMI Wireless to purchase the equipment wholesale.
Turbo Waves Inc.'s patent pending reservation CSMA/CA MAC protocol that incorporates a novel bandwidth reservation scheme to support multimedia requirements with:
-- Quality of Service (QoS)
-- Multi-Point-Relay (MPR) routing protocol that supports the
formation of a true, IP-based, routed wireless internetwork,
yielding greater freedom to the network topology one can achieve
with IEEE 802.11b based products.
-- All appliances in homes are connected to a master controller,
accessible from anywhere and aided by sophisticated computer
programs that control operations for greater energy efficiency and
security, enabling real-time diagnosis, adjustments and maintenance
to machines located anywhere in the world by authorized personnel
via the Internet.
PMI Wireless provides a reduction of build-out costs for broadband wireless access systems while accelerating the speed of deployment.
Some of the information in this news release may be forward-looking information under the Private Securities Litigation Reform Act of 1995. Forward-looking information, which includes forecasts, projections and predictions of future events or performance, is subject to and involves risks and uncertainties, which could cause actual results to differ materially from the forward-looking information. As a result, investors should not rely unreasonably on the accuracy of forward-looking information.
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