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SEAMLESS WI-FI, INC. (OTCBB: SLWF) |
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As our readers may recall, the impact of a CEO buying sizeable amounts of his company's stock can serve as the catalyst to ignite a stock's performance. We've seen it time and time again, most recently with Softnet Technology (OTCBB: STTC) and now with Seamless Wi-FI (OTCBB: SLWF). Seamless Wi-Fi is off to a good start as CEO, Al Reda has purchased about 500,000 shares as low as a penny and as high as .13 cents. SLWF has reacted, running all the way up to .20 cents before settling in around .14 cents currently. Will the buying of shares in SLWF by CEO Al Reda spur a trend for its stock price similar to STTC? Only time will tell. But it clearly shows an undeniable confidence and passion for the company's success.
View our August 9th Profile on Seamless Wi-Fi, Inc. by clicking here
Read today's *Breaking* News Below
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August 31, 2005 **NEWS** |
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Press Release
Source: Seamless Wi-Fi, Inc.
Wednesday August 31, 8:00 am ET
Seamless Wi-Fi CEO Continues to Purchase Shares of SLWF in the Open Market
LAS VEGAS, Aug. 31, 2005 (PRIMEZONE) -- Seamless Wi-Fi, Inc. (OTC BB:SLWF.OB - News) announced that its CEO, Albert Reda, has made additional open market purchases of SLWF shares. Over the last several weeks, Mr. Reda has purchased a total of 300,000 shares from as low as one cent per share ($0.01) to as high as today's purchase price of 13.4 cents per share ($0.134).
"As previously announced, I have made and will continue to make investments in our company,'' said SLWF CEO Al Reda. "Our stock has appreciated significantly as of late. At these levels, it continues to present a compelling opportunity for me. As CEO, it's important for me to demonstrate my enthusiasm for the progress our company continues to make. And as a stakeholder, it's equally important to convey my ongoing commitment to the company and to all shareholders.''
Form 4's have been filed, as required by the SEC, and can be viewed by going to http://www.sec.gov.
About Seamless Wi-Fi, Inc.
Seamless (formerly Alpha Wireless Broadband, Inc.) operates two subsidiaries that provide wireless communications products and services: Seamless Peer 2 Peer, Inc. and Seamless Skyy-Fi, Inc.
For additional information please go to the following websites: Seamless: http://www.slwf.net; Skyy-Fi: http://www.skyyfi.com; and Seamless Peer 2 Peer: http://www.seamlessp2p.net
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as SLWF or its management ``believes,'' ``expects,'' ``anticipates,'' ``foresees,'' ``forecasts,'' ``estimates'' or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
Contact:
Blue-Sky Solutions, LLC
Investor Relations:
Stephanie Soleas
(877)4-BLUE-IR
slwf@blueskyir.com
Source: Seamless Wi-Fi, Inc.
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About Seamless Wi-Fi, Inc. |
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Skyy-Fi / Wi-Fi is the next generation of communication, pushing the future of this highspeed wireless data, voice and video communication to hotels, restaurants, coffee houses, and cafes, anywhere a mobile businessperson needs to get connected. Skyy-Fi is forging a network of Wi-Fi Hot Spots around the country to allow the mobile businessperson to connect anywhere anytime.
Skyy-Fi is a wholly owned subsidiary of Seamless Wi-Fi. Since 1999 Seamless Wi-Fi has succeeded in initiating and growing various Internet-based businesses. Skyy-Fi has been adopted to bridge Seamless Wi-Fi’s Internet Service Provider roots and spawn its experiences into the next generation of wireless communication.
Skyy-Fi is on track to establish a major hotspot footprint in the United States thus becoming a major player within the Wi-Fi market place. With over 20 years of wireless knowledge, Skyy-Fi has the skill set to provide a seamless, enjoyable and trouble-free experience.
NOTE TO STOCKUPTICKS READERS: Please notice today's news from Seamless Wi-Fi (below) reporting that its CEO has bought a significant number of shares of SLWF and intends to BUY more in the open market. You will remember the same action by a CEO of a comapny we have covered for a long time, Softnet Technology (OTCBB: STTC), was the touchstone of a metioric rise for its stock over the past year. Will the buying of shares in SLWF by CEO Al Reda spur a similar trend for its stock price? Only time will tell. But it clearly shows an undeniable confidence and passion for the company's success.
The Seamless Wi-Fi Business Model
Seamless Wi-Fi, Inc. is the parent company operating through its subsidiary companies Seamless Skyy-Fi Incorporated and Seamless Peer 2 Peer, Inc.
Seamless Skyy-Fi, the Company's Wireless Internet provider (Wi-Fi) establishes Skyy-Fi locations providing subscriber's access to the World Wide Web. Seamless Peer 2 Peer developed a proprietary software program (patent pending) that encrypts Wi-Fi transmissions based upon RSA's government certified 256 bit AES encryption coupled with RSA's Public Key Infrastructure (PKI) for authentication.
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SLWF Partners |
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SEAMLESS WI-FI PARTNERS
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TO CONTACT SEAMLESS WI-FI |
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Headquarters
4255 E. Charleston Blvd., Suite D, PMB 336, Las Vegas, NV 89104-6640
Phone: (775) 588-2387 - Fax: (775) 588-2499
Corporate Web site: click here
E-mail: click here
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