Science & Technology
Science and Technology
Science and Technology
Wed, November 26, 2008
Tue, November 25, 2008
NEW YORK--([ BUSINESS WIRE ])--Nemazee Capital ([ www.nemazee.com ]), an investment company led by veteran financier Hassan Nemazee announced today an investment in ARC Wireless Solutions, Inc. (NASDAQ: ARCW), a leader in integrated wireless communications and mobility solutions.
Demand is growing for integrated communications anytime, anywhere with instantaneous access. ARC Wireless Solutions is responding to these communications needs and growing demands with a variety of wireless component and network solutions. In order to capitalize on this opportunity, ARC Wireless Solutions is expanding its market presence by investing in traditional, as well as more inclusive, wireless solutions for both domestic and global markets.
"Nemazee capital looks forward to building the overall market value of ARC," said Hassan Nemazee, Chairman and CEO of Nemazee Capital. "We look to participate in these kinds of investment opportunities, and we hope our investment will support ARC's opportunity for growth."
About Nemazee Capital
Since 1987, Nemazee Capital has invested in a wide variety of industry sectors, including healthcare, media, oil and gas, insurance, financial services, publishing, real estate development, technology, and communications. Its founder Hassan Nemazee has more than 30 years of successful investing experience across numerous verticals. In recent years, Nemazee Capital has focused its investment portfolio on the financial services industry through acquisitions of Carret Asset Management and participated in the acquisition of Brean Murray Carret & Co. For more information on Hassan Nemazee and Nemazee Capital, visit [ www.nemazee.com ].
About ARC Wireless Solutions, Inc.
ARC Wireless Solutions, Inc. is involved in selective design, manufacturing, marketing and selling of a broad range of wireless components and network products and accessories. The Company develops, manufactures and markets proprietary products, including Wi-Fi® and WiMAX™ panel antennas, mobile GPS, and cellular antennas, as well as base station antennas (for cellphone towers), through its Wireless Communications Solutions Division; it designs, manufactures and distributes cable assemblies for cable, satellite and other markets through its Starworks Wireless Inc. subsidiary; and it negotiates and manages its contract manufacturing relationships through its ARC Wireless Hong Kong Ltd. subsidiary. The Company's products and systems are marketed through the Company's internal sales force, OEMs, reseller distribution channels, retail, and the Internet. ARC Wireless Solutions, Inc., together with its Wireless Communications Solutions Division and its Starworks Wireless Inc. subsidiary, are headquartered in Wheat Ridge, Colorado. The Company's Hong Kong subsidiary is located in Central, Hong Kong. For more information about the Company and its products, please visit our websites at [ www.arcwireless.net ], [ www.antennas.com ], [ www.starworkswireless.com ] and [ www.arcwirelesshk.net ].
This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company's financial position. This Release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. See the Company's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K for additional statements concerning important factors, such as demand for products, manufacturing costs, and competition, and the Company's ability to successfully utilize its cash, that could cause actual results to differ materially from the Company's expectations. The Company does not intend (and is not obligated) to update publicly any forward-looking statements.
