das wird der Aktie sicherlich erneut einen ordentlichen Schlag
versetzen
Still expects to achieve record earnings
TORONTO--Nov. 29, 2005-- Wireless Age Communications, Inc.
(OTCBB:WLSA - News), a leading supplier of solutions to the
Canadian wireless communications industry, today announced that it
was revising downward its earnings per share (EPS) outlook for
fiscal 2005 but still expects to achieve record earnings.
Management previously stated that it expected the Company to
achieve $0.05 EPS. In the first three quarters ended September 30,
the Company has achieved $0.026 EPS. However, operating results of
the wholesale business segment thus far in the fourth quarter have
been affected by several timing issues and market factors that
include the following:
1) the lack of traditional fourth quarter spending by the major
telephone companies in Canada
2) a major long term client that traditionally represents a
significant portion of the company`s business has experienced
delays in obtaining financing for its next phase of build out
3) technological changes in the WiMax arena have delayed two
significant contracts and pushed them into 2006.
In addition, operating results for the fourth quarter will be
affected by the settlement with Simmonds Mercantile &
Management Inc. with respect to early termination of the management
services contract. Management believes that virtually all of the
business anticipated in the fourth quarter will ultimately be
realized, resulting in a deferral to future quarters due primarily
to timing issues in the current quarter. At this time management is
not able to provide specific guidance beyond its expectation that
fourth quarter profits will be marginal.
``The good news is that we believe Wireless Age will still achieve
record earnings in 2005, a great accomplishment for the Company and
our shareholders.`` stated Mr. Gary Hokkanen, CFO. ``Retail
operations are slightly ahead of plan for the fourth quarter and
Wireless Works is on track to profitability.``