TMCnet News
Pegasus Wireless Announces Completion of Name Change and Symbol Change from Blue Industries; -OTCBB:PGWC- Will Begin Trading under New Symbol TodayFREMONT, Calif. --(Business Wire)-- June 6, 2005 -- Pegasus Wireless (OTCBB:PGWC), announces today that it has completed the name change from Blue Industries, Inc. (OTCBB:PGWC). Blue Industries, Inc. has changed its name to Pegasus Wireless Corp. and has received its new trading symbol PGWC. "We are very pleased to have reached this final stage in our plan," stated Jasper Knabb, President of Pegasus Wireless. "We will now refocus our efforts on our business development and future exchange goals." Knabb further stated, "We would like to thank all of our shareholders for the patience through this process, and we will continue to release pertinent information and updates on the share exchange in the very near future. Investors with questions should feel free to contact our investor relations at [email protected]." About Pegasus Wireless: Pegasus Wireless is a leading provider of advanced wireless solutions. The company offers cutting edge wireless products used in computer networking, industrial data transmission and multimedia applications. Pegasus Wireless can be contacted at 800-770-6698 or by visiting their website at http://www.pegasuswirelesscorp.com/. NOTES ABOUT FORWARD-LOOKING STATEMENTS Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risks and uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements. These factors include, but are not limited to, (i) our ability to complete successful acquisitions of complementary companies, products and technologies; (ii) our ability to attract and retain customers; and (iii) our ability to gain market share. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements, and there can be no assurance that the actual results anticipated by Pegasus Wireless will be realized, or if substantially realized, that they will have the expected consequences to or effects on Pegasus Wireless or its business or operations. |
