Nextwave Wireless (fka WAVE)

[Ecostate]

*NextWave Wireless Announces NASDAQ Panel Decision to Delist Common Stock*

SAN DIEGO, Jul 21, 2010 (BUSINESS WIRE) -- NextWave Wireless Inc. (NASDAQ: WAVE) (the "Company") today announced that it received notification on July 21, 2010, that a NASDAQ Listing Qualifications Panel has determined to delist the Company's securities from The NASDAQ Stock Market, effective with the open of business on July 23, 2010, as a result of the Company's non-compliance with the minimum $1.00 per share closing bid price requirement.
The Company has been advised by Pink OTC Markets Inc, which operates an electronic quotation service for securities traded over-the-counter, that its securities are immediately eligible for quotation on the OTCQB effective with the open of business on July 23, 2010. The OTCQB is a market tier for OTC-traded U.S. companies that are registered and reporting with the Securities and Exchange Commission (SEC) or a U.S. banking or insurance regulator. The Company has also been advised that its shares will continue to trade under the symbol WAVE. Investors can now view real time stock quotes for WAVE at http://www.otcmarkets.com.