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Craig Wireless serves response to arbitration notice

^{Published on 2009-08-28 13:18:17 - Market Wire}
 

 WINNIPEG, Aug. 28 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless" or the "Company") (TSX: CWG), announces that, further to its press release dated July 31, 2009, its Greek operating subsidiary, Craig Wireless Hellas S.A. ("CWS Hellas"), has now served a formal response to the notice of arbitration proceedings (the "Notice") received from Lannet Communications S.A. ("Lannet") refuting the allegations made by Lannet in the Notice. About Craig Wireless Systems Ltd. Craig Wireless and its affiliates (collectively, the "CWS Group") offer a broad range of telecommunications services, including, broadband Internet access, television programming delivery, business connectivity solutions, hosting, security and telecommunications solutions. Through certain members of the CWS Group, Craig Wireless holds or leases licenses for spectrum in the 2.5 GHz, 2.6 GHz or 3.5 GHz bands in Manitoba, British Columbia, the Coachella Valley region, California, United States, Greece, Norway and New Zealand. Spectrum in these ranges is effective for delivery of point-to-multipoint signals, possesses robust bandwidth capability and supports emerging WiMAX-based and other fourth generation (4G) applications, including portable and mobile applications. The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release. Notice on forward-looking statements This release includes forward-looking statements regarding Craig Wireless and its business. Such statements are based on management's current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Craig Wireless and its business. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Craig Wireless does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. 

For further information: J. Drew Craig, Co-Chief Executive Officer, Craig Wireless Systems Ltd., Tel: (416) 515-2222 ext. 2, email: [ craiginfo@craigwireless.com ]