Wave Systems Corp. (fka WAVXQ)

[Countryboy]

Doma,

We have read that TVTonic is shutting down. This will reduce the Wavexpress burn rate. I don't believe we have seen anything concrete which states Wavexpress is closing. It maybe premature to draw that conclusion. So, they may still be employed by Wavexpress.

I tried to get some clarification and I was told: The Olympics service went very well and we have had continued interest from third parties in Wavexpress, at the same time we have reduced their burn rate in the meantime, in order to conserve resources. All of our current interest is from licensing and running their own service, we are reducing cost by shutting down the service and focusing on supporting customers.

That doesn't sound like Wavexpress is totally shelved.