Wireless Age Communications, Inc. (fka WLSA)

[EDWARD STEVENSON]

Ladies and Gentlemen, I believe another member put it best:

am still thinking that the best way for JS to make the most money is through the success of WLSA, and I am pretty confident in my assumption that JS is a greedy bastard.

Businessmen are driven by one key motive: greed. One of the very first due diligence tasks I assigned myself, months back, was identifying and verifying highlights to Simmonds' past:

Simmonds founded Clublink Inc., Canada's largest golf course chain operator, with enterprise value of over $1,000,000,000

Simmonds sold Dynacharge to Duracell for $10,000,000, after acquiring it for $100,000.

Simmonds sold Intek Diversified (IDCC) to Securicor of Engand for $500,000,000.

...etc.

Enough material evidence to draw the conclusion that Simmonds wouldn't involve himself in a venture unless it pointed to a large reward, imho.


One last note: while WLSA's market has struggled with a cap of $5 Million, I've held my shares conscious of the $7.5 Million settlement announced last week.

Wireless Age Receives Approval for Settlement.

TORONTO, ONTARIO -- (Marketwire) -- 10/29/09 -- Wireless Age Communications, Inc. ("Wireless Age" or the "Company") (PINK SHEETS: WLSA) today announced that it has received court approval to complete an agreement (the "Settlement Agreement") with its former subsidiaries, Wireless Age Communications Ltd. ("Wireless Communications") and Wireless Source Distribution Ltd. ("Wireless Source").

Pursuant to the Settlement Agreement, Wireless Age agreed to pay Wireless Communications and Wireless Source a total of CAD$750,000 to settle outstanding loans totaling approximately CAD$8.3 million provided by Wireless Communications and Wireless Source to the Company. Further details of the Settlement Agreement can be found in the Company's press release dated October 5, 2009.

Gary N. Hokkanen, the Company's CFO stated; "The completion of the Settlement Agreement prior to December 31, 2009, will substantially improve the Company's balance sheet by eliminating a special CAD$8.3 million loss provision liability the Company accrued during fiscal 2008."

John G. Simmonds, Wireless Age CEO commented; "I am pleased that we have obtained court approval, so that we may proceed with finalizing our restructuring plans. We expect to disclose those steps in the very near future."