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AANI (E) Amedia Networks Approves 10 to 1 Forward Stock Split
Stock Split Intended to Improve Trading Liquidity and to Broaden Shareholder Base
May 1, 2007 9:48:00 AM
Copyright Business Wire 2007
EATONTOWN, N.J.--(BUSINESS WIRE)--

Amedia Networks, Inc. (OTC BB: AANI;AANIE), a provider of next generation media gateways to distribute and manage ultra-broadband triple-play services in the home, today announced that the Board of Directors has approved a forward split of the Company's common stock. The forward stock split will require an increase in authorized shares that is expressly subject to the approval by Amedia's stockholders at the upcoming 2007 annual stockholders meeting. While Amedia has not yet fixed a date for the 2007 annual stockholders meeting, management anticipates that such meeting will take place next month. Following approval for the increase in authorized shares, Amedia will fix the record date for the forward split. Shareholders of record as of such date will receive 10 (ten) shares of Common Stock for every 1 (one) share of Common Stock held. There will be no change in the par value of the shares. The forward stock split will become effective once the record date has been fixed and the requisite notice has been given to the NASD. Of course no assurance can be provided that the stockholders will in fact approve an increase to the authorized Common Stock and that the forward split will in fact be affected.

The Board deemed it advisable to take this step as Amedia continues to embark on aggressive efforts to execute its strategic development and growth initiatives.

"Over the past months, we have achieved several product development breakthroughs while at the same time continuing to build strong relationships with new and existing partners, and are pleased to share this success with our shareholders," said Amedia President, CEO, and Director Frank Galuppo. "In addition to supporting ongoing company growth, this forward stock split is intended to improve trading liquidity, broaden ownership, and enhance overall shareholder value."

About Amedia Networks

Amedia Networks, Inc. (OTC BB: AANI) provides next generation residential media gateways to distribute and manage high-quality voice, high-definition video, and high-speed data services throughout the networked home. The Amedia residential gateway offers a single, compact, configurable device with the collective functionality of a modem, wireless access point, router, VoIP adapter, and family firewall - all in one. In addition, it features external media storage and a built-in operating system for carriers to continuously develop and deliver new, ultra-broadband applications to the home. The company is led by an executive team with a long and proven history in the voice, data, and telecom industries, and its core technologies have been co-developed by Lucent Technologies, Inc.'s renowned Bell Laboratories unit. For more information, visit www.amedia.com.

All company names, brand names, and product names herein are trademarks of their respective holder(s).

This press release may contain "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995. A number of factors could cause Amedia's actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in Amedia's filings with the Securities and Exchange Commission (available at www.sec.gov) and include, but are not limited to, the success and market acceptance of Amedia's triple play solution, the sufficiency of cash reserves to meet operating and other requirements, the relatively fast pace of obsolescence in the broadband communications equipment market, and the competitive environment in the economy generally and in the telecommunications specifically. Amedia assumes no obligation to update any forward-looking statements.

Source: Amedia Networks, Inc.



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