DALLAS, Aug. 30, 2004 (PRIMEZONE) -- The Wall Street Small Cap Reporter, a leading source of news and information for the small-cap investor, has named Airbee Wireless, Inc. (Pink Sheets:ABEW), a developer of intelligent software for short range wireless communications, as its "Featured Company of the Week" for the week of August 30, 2004.
ABEW's technology is embedded on microchips for use in a variety of applications and devices serving both consumers and the corporate marketplace. The company's overall platform is based on the emerging Zigbee wireless standard and facilitates both machine-to-machine and people-to-machine voice and data connections - at a range substantially greater than the current but waning Bluetooth standard. ABEW's competitive edge is its software-based approach, versus the more expensive, hardware approach, resulting in significant cost savings to partners and end-users alike.
"Fiscal 2004 is proving to be a pivotal year for Airbee, as we are clearly seeing growing interest from companies that will incorporate the emerging ZigBee standard into a new generation of wireless products and applications with Airbee inside. We are currently involved in a number of significant joint product development initiatives that will provide a solid foundation for rapid growth," said ABEW CEO Raj Sundaresan in a recent press release.
ABEW also has announced plans to become a fully reporting company as soon as practical and apply to move from the Pink Sheets to either the OTC Bulletin Board or another exchange in order to elevate Airbee's profile and provide shareholders with more liquidity. Shares of ABEW closed Friday at $0.24, a price level that could be attractive to many investors.
In addition to ABEW, WSSCR's "stocks to watch" include: Global Vision Holdings, Inc. (Pink Sheets:GVHL), a developer and wholesale marketer of next-generation, prepaid financial service products; Maximum Dynamics, Inc. (OTCBB:MXDY), a projects management and back office services company with subsidiaries focused on technology solutions, business process management and wireless communications; Gold Entertainment Group, Inc. (Pink Sheets:GEGP), a multi-level marketer of DVD and video game products; MSSI-TeleScience International, Inc. (OTCBB:MSSI), a provider of long-term medical personnel, homeland security and technology services to both public and private sector clients; Natural Harmony Foods, Inc. (Pink Sheets:NHYF), a producer and marketer of unique, natural protein foods; ProMana Solutions, Inc. (Pink Sheets:PSLU), a provider of end-to-end Intranet-based software solutions for business work flow and human resource management; and Cell Bio-Systems, Inc. (Pink Sheets:CBSI), a biotechnology company positioned to manufacture and distribute patented, disposable technologies for stem cell research, cosmetic surgery and other living tissue procedures.
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Wall Street Futures is a news service of the Wall Street Small Cap Reporter (WSSCR). WSSCR, 866-249-4961, publishes reports providing information on selected companies that it believes have investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant and has been paid $5,000.00 by a third party for the publication and circulation of this report. This report contains forward-looking statements, which involve risks and uncertainties - including, but not limited to, risks associated with changes in general economic and business conditions (including in the IT and financial information industries), actions of competitors, the extent to which the company is able to develop new services and markets for its services, the time and expense involved in such development activities, the level of demand and market acceptance of the company's services, and/or changes in its business strategies - that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the company featured above or obtain the SEC filings of the company including the company's most recent annual and quarterly reports.