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Road Wings, Inc. Decides to Cease Stock Purchase of OneFi Technologies Stock(Marketwire Via Acquire Media NewsEdge) LAS VEGAS, NV, October 7 / MARKET WIRE/ -- Road Wings, Inc. (PINKSHEETS: RDWG) announced today that it would not continue purchasing stock in OneFi Technologies per the terms of the stock purchase agreement that was reached earlier this year. Road Wings President Travis Grimmett stated, "Road Wings has met its stock purchase agreement requirements, and in view of prevailing market conditions, the company will examine alternatives which will benefit its shareholders now and for the future." He went on to say, "Our company will continue to research companies with value in which to invest, and most importantly, use the capital we invest to move their product forward and not just for personal debt reduction." About Road Wings, Inc.: Road Wings, Inc. (PINKSHEETS: RDWG) currently holds the exclusive rights to the revolutionary integrated telecommunications technology developed by OneFi Technology. OneFi's innovative WiMax technology provides integrated voice and data for all communication needs, including telephone, broadband Internet, digital television, and more. The Company has developed a comprehensive business plan designed to bridge the "digital gap" between those with easy access to broadband networks and those without, both domestically and internationally. The suite of services offered through the robust broadband networks provided by WiMax technology includes Internet, IPTV, and VoIP (both home and mobile). This innovative technology brings its customers 100% wireless broadband in any area within their wireless community. With scattered coverage in just a few metropolitan areas through less than a third of the U.S., Clearwire (CLWR) has already achieve a market cap in excess of $2.1 Billion with a similar technology. By adopting this revolutionary technology across a significantly wider area, Road Wings looks to answer an underserved market and achieve even greater results. Safe Harbor Statement: Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties. Contact: Investor Relations InvestSource, Inc.Email Contact Copyright ? 2008 Marketwire |