Wise Investments

[Scrooge McDuck]

RVIA news....more about.....

This is a post RS bottom/bounce play. They did a 1:100 RS last May and have been trending down on low volume.
The OS is 2.196,074
I'm looking for a bottom around a penny, but news such as this could change that. Currant PPS is .10
IMO, a good one for the radar that should bounce for nice profits.
Culpeper, VA, Dec 17, 2003 (M2 PRESSWIRE via COMTEX) --

REVA, Inc. (OTCBB: RVIA) announced today that it has completed its merger with Regional Wireless Networks (RWN), a Texas based Company that specializes in wireless communications with a 98 % commercial customer base.

REVA, Inc.'s merger with RWN continues to expand its corporate umbrella. RWN (www.rwnetworks.net) was acquired with $105,000 and 1,266,667 shares of REVA, Inc. stock. RWN brings an additional $15,000 operatingix-figured revenue base to REVA, Inc. per month. This merger will also substantially increase REVA's commercial customer base as it continues to rapidly penetrate the wireless communication market.

REVA, Inc. will continue to provide highly desirable wireless communication to RWN's commercial customers and end users including Quik Internet, MetLife, hospitals, banks, major airports and police departments from southern Oklahoma to northern Texas. REVA, Inc. is headquartered in Roanoke, Texas and plans to expand and enhance its recently acquired RWN service locations in Wichita Falls and surrounding areas.

The merger with RWN broadens the range of REVA's Wireless services from Oklahoma to the Dallas/Fort Worth area. The additional span of coverage by this merger expands REVA's business model in the wireless internet industry. REVA, Inc. currently provides wireless services in over 25 cities and plans to expand into other locations. This wireless technology is used to provide Internet Services and enable broadband solutions to residential and commercial users in non-metropolitan areas where broadband is limited or nonexistent.

President of REVA, James E. Ontiveros, stated, 'We are following our Strategic Business Plan that moves REVA, Inc. into a dominating position in the wireless communications market. This particular merger transfers additional service locations, adds commercial customers and complements REVA's residential client base while adding to REVA's revenue stream.'

CURRENT BUSINESS INFORMATION:

REVA Inc. historically is a developer and manufacturer of Security & Surveillance, TeleHealth, and Video Compression systems. The Company designs and manufactures technology and products for the video communication market and provides wireless internet technology to the wireless communications market.

The Company's remote video communication products can transmit (via compression) video, audio, and data over various communication medias at speeds that far exceed those of its competitors.