ADAIRSVILLE, Ga., May 7, 2004 (PRIMEZONE) -- Broadband Wireless International Corporation (OTCBB: BBAN) CEO Paul R. Harris announces today the termination of the following officers:
Ron Tripp, Former President
Keith McAllister, Former Vice President
Michael Williams, Former Vice President
"I made this decision based upon the investigation of the origination and release of the unauthorized press release on May 4, 2004 that contained several material inaccuracies and attempted to repudiate certain contractual relationships that are corporate obligations. We are investigating the potential of other unauthorized activities that may have occurred. I would also like to state that this action in no way hinders the current operations of the company. The named officers performed no day to day activities," stated CEO Paul R. Harris.
Please address any concerns and questions to the questionnaire on our website, www.thenewbban.com.
About Broadband Wireless International Corporation
Broadband Wireless International Corporation is a diversified holdings company moving into a wide variety of investments that are intended to generate positive cash flow for the corporation and dividends for the shareholders. The company currently holds interest in the timber and music industries.
Safe Harbor Forward-Looking Statements
This release contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." "Forward looking statements" are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.