Terabeam Wireless Repurchases 500000 Shares of Its Stock21 December 2004
Terabeam Wireless, the business name of YDI Wireless, Inc., a leading developer and supplier of broadband wireless solutions, today announced that it has repurchased 500,000 shares of its common stock for $1,155,000. This stock had originally been issued in a private placement in December 2003.
Safe Harbor Statement
Statements in this press release that are not statements of historical facts, including statements regarding Terabeam Wireless' business outlook or expected products, capabilities, performance, opportunities, customers, deployments, or developments, are forward-looking statements that involve risks, uncertainties, and assumptions. Terabeam Wireless' actual results may differ materially from the results anticipated in these forward-looking statements. The forward-looking statements involve risks and uncertainties that could contribute to such differences including those relating to the downturn and ongoing uncertainty in the telecommunications industry and larger economy; the intense competition in Terabeam Wireless' industries and resulting impacts on its pricing, gross margins, and general financial performance; difficulties in predicting Terabeam Wireless' future financial performance; and risks arising from and relating to Terabeam Wireless' recent acquisitions of Ricochet Networks, Inc., Terabeam Corporation, and KarlNet, Inc. Further information on these and other factors that could affect Terabeam Wireless' actual results is and will be included in filings made by Terabeam Wireless from time to time with the Securities and Exchange Commission and in its other public statements.
Terabeam Wireless
David Renauld, 413-665-8551
Vice President, Corporate Affairs
Source: Business Wire
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