Airbee Wireless (fka ABEW)

[abew4me]

Staying focused on ABEW, here's the latest news from ABEW's web site regarding our NASD situation:

Msg # 259 Posted By: Gene Sharer
02 December 2006 03:12 EST

Approval by a regulatory agency is never a formality. If you have ever dealt with such agency, you would gain a better appreciation of the utter frustration in dealing with them. They dot the i's, cross the t's and then send it up the chain for further review in case the reviewer missed something or overreached. Then they have consensus reviews before taking a position in writing which takes additional days (if we're lucky). We know where we are in the process but are not yet at liberty to discuss the details publicly. The SB-2 which has been submitted to the SEC per the Montgomery Debenture requirement must be declared effective as a matter of NASD policy before the move to the OTCBB. We are close but not quite there yet.

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