Sunday, March 06, 2005 11:08:50 AM
BWDI Stockprowler's pick this week...
Blue Wireless & Data, Inc. (OTCBB: BWDI)
3001 Knox Street, Suite 401
Dallas, TX 75205
Phone: (469) 227-7605
Corporate Website: www.bluewirelessdata.com
Shares Outstanding: 189 million
Market Capitalization: $2,910,000
Closing Price Friday 3/4/05: $0.0154
Shares of our February 2005 pick CYOS soared into the stratosphere reaching a high of 3.2 cents… a gain of 900% since our report on February 6. CYOS closed Friday at 1.87 cents, still up an impressive 485% for the month!
The Stockprowler pick for the month of March 2005 is Blue Wireless & Data, Inc. (OTCBB: BWDI) a broadband service provider delivering high-speed wireless Internet access to residential customers and small to medium-sized businesses. The company's non line-of-sight technology allows Blue Wireless & Data to reach 95% of the customers in the coverage area. Non line-of-site means that objects such as trees and buildings do not impede the wireless signal path. BWDI’s target market includes the suburbs of large cities and second tier cities and towns having little or no broadband service. Nationally, the target market is estimated to be $13 billion annually.
Blue Wireless & Data, Inc. was formed July 2004 in a reverse merger with a public company, Reva Wireless, Inc., which was established in 1997 as a provider of wireless Internet and related services. From its headquarters in Dallas, TX, Blue Wireless & Data, Inc. owns and operates over 28 fixed high speed wireless Internet base stations that currently serve over 16 cities and communities from Dallas to Wichita Falls,TX. BWDI is focusing on expanding and improving its wireless Internet service and continued development of VoIP and newer, leading edge video technology. Through aggressive acquisition, BWDI continues to increase its customer base… Recent acquisitions/LOI include:
Speed of Light Broadband, LLC
Light Speed Wireless/ Daly Technologies, LLC
Canton Technology Center, LLC
Gerdes Web Services, LLC
Globalcon, Inc.
Panaband/DSG Technology, Inc.
Regional Wireless Networks
Palancar Broadband, LLC
BWDI Chief Operating Officer John Mills, with 28 years experience in the wireless industry, expects the company’s aggressive business plan involving acquisitions and consolidation to generate revenues of $250,000 to $500,000/month …and earnings of $60,000 to $250,000/month by the end of the year 2005.
On February 22, BWDI announced that it has executed a wholesale service agreement with Red Gap Communications, Inc. which now allows Blue Wireless to provide Internet Protocol (IP) Telephony service directly to its residential and business customers over its existing high speed wireless broadband network. The deal also enables Blue Wireless to provide DSL Internet services to retail customers beyond its wireless network infrastructure, virtually anywhere in the continental United States.
Blue Wireless & Data Chief Operating Officer, John Mills, stated, “Our contract with Red Gap allows us to bundle our Internet services with a high quality Internet-based telephone service which is priced lower than most traditional phone services. Our customers, whether residential or business, will now be able to make and receive phone calls using their existing handsets with an adapter, or with an IP phone handset which we can provide. Features such as voice mail, call waiting, and call forwarding are all available through this service. We believe IP Telephony will one day replace the traditional high-cost telephony infrastructure that exists in most of the US today.”
As part of its aggressive growth plan, Blue Wireless& Data announced that it has signed an agreement with RiverCity Internet Group, LLC that provides the company with comprehensive technical and billing support around the clock. Under the agreement, RiverCity will handle Tier 1 and Tier 2 customer support issues, as well as provide billing support and services as an outsourced solution. RiverCity's services are integrated with their customer management software package, IntraISP, which Blue Wireless recently licensed and implemented in order to better manage its growing base of customers.
Stockprowler.com views BWDI as a very unusual speculation. Not only is BWDI growing revenues at a rapid pace by acquiring and consolidating smaller competitors under a larger umbrella with the inherent efficiencies that result, but BWDI has just recently moved toward adding Voice Over IP telephony capability which likely can double revenues from a given client at little additional cost. Also, consider this… BWDI is on the Regulation SHO list: http://www.nasdaqtrader.com/trader/defincludes/regshoDefinitions.stm
That means when the number of a security's shares represented in short positions is 10,000 shares or more and 0.5% or greater of the Total Shares Outstanding (TSO), for 5 consecutive settlement days or more, then the security becomes ‘restricted’, and is subject to mandatory close-out requirements for short sales as outlined in the SEC's Regulation SHO… So, at some time in the next few trading days shorting by market makers must end, AND they must cover their short positions. Looks like a very interesting week ahead… Just our opinion.
BWDI chart
market.
Blue Wireless & Data, Inc. (OTCBB: BWDI)
3001 Knox Street, Suite 401
Dallas, TX 75205
Phone: (469) 227-7605
Corporate Website: www.bluewirelessdata.com
Shares Outstanding: 189 million
Market Capitalization: $2,910,000
Closing Price Friday 3/4/05: $0.0154
Shares of our February 2005 pick CYOS soared into the stratosphere reaching a high of 3.2 cents… a gain of 900% since our report on February 6. CYOS closed Friday at 1.87 cents, still up an impressive 485% for the month!
The Stockprowler pick for the month of March 2005 is Blue Wireless & Data, Inc. (OTCBB: BWDI) a broadband service provider delivering high-speed wireless Internet access to residential customers and small to medium-sized businesses. The company's non line-of-sight technology allows Blue Wireless & Data to reach 95% of the customers in the coverage area. Non line-of-site means that objects such as trees and buildings do not impede the wireless signal path. BWDI’s target market includes the suburbs of large cities and second tier cities and towns having little or no broadband service. Nationally, the target market is estimated to be $13 billion annually.
Blue Wireless & Data, Inc. was formed July 2004 in a reverse merger with a public company, Reva Wireless, Inc., which was established in 1997 as a provider of wireless Internet and related services. From its headquarters in Dallas, TX, Blue Wireless & Data, Inc. owns and operates over 28 fixed high speed wireless Internet base stations that currently serve over 16 cities and communities from Dallas to Wichita Falls,TX. BWDI is focusing on expanding and improving its wireless Internet service and continued development of VoIP and newer, leading edge video technology. Through aggressive acquisition, BWDI continues to increase its customer base… Recent acquisitions/LOI include:
Speed of Light Broadband, LLC
Light Speed Wireless/ Daly Technologies, LLC
Canton Technology Center, LLC
Gerdes Web Services, LLC
Globalcon, Inc.
Panaband/DSG Technology, Inc.
Regional Wireless Networks
Palancar Broadband, LLC
BWDI Chief Operating Officer John Mills, with 28 years experience in the wireless industry, expects the company’s aggressive business plan involving acquisitions and consolidation to generate revenues of $250,000 to $500,000/month …and earnings of $60,000 to $250,000/month by the end of the year 2005.
On February 22, BWDI announced that it has executed a wholesale service agreement with Red Gap Communications, Inc. which now allows Blue Wireless to provide Internet Protocol (IP) Telephony service directly to its residential and business customers over its existing high speed wireless broadband network. The deal also enables Blue Wireless to provide DSL Internet services to retail customers beyond its wireless network infrastructure, virtually anywhere in the continental United States.
Blue Wireless & Data Chief Operating Officer, John Mills, stated, “Our contract with Red Gap allows us to bundle our Internet services with a high quality Internet-based telephone service which is priced lower than most traditional phone services. Our customers, whether residential or business, will now be able to make and receive phone calls using their existing handsets with an adapter, or with an IP phone handset which we can provide. Features such as voice mail, call waiting, and call forwarding are all available through this service. We believe IP Telephony will one day replace the traditional high-cost telephony infrastructure that exists in most of the US today.”
As part of its aggressive growth plan, Blue Wireless& Data announced that it has signed an agreement with RiverCity Internet Group, LLC that provides the company with comprehensive technical and billing support around the clock. Under the agreement, RiverCity will handle Tier 1 and Tier 2 customer support issues, as well as provide billing support and services as an outsourced solution. RiverCity's services are integrated with their customer management software package, IntraISP, which Blue Wireless recently licensed and implemented in order to better manage its growing base of customers.
Stockprowler.com views BWDI as a very unusual speculation. Not only is BWDI growing revenues at a rapid pace by acquiring and consolidating smaller competitors under a larger umbrella with the inherent efficiencies that result, but BWDI has just recently moved toward adding Voice Over IP telephony capability which likely can double revenues from a given client at little additional cost. Also, consider this… BWDI is on the Regulation SHO list: http://www.nasdaqtrader.com/trader/defincludes/regshoDefinitions.stm
That means when the number of a security's shares represented in short positions is 10,000 shares or more and 0.5% or greater of the Total Shares Outstanding (TSO), for 5 consecutive settlement days or more, then the security becomes ‘restricted’, and is subject to mandatory close-out requirements for short sales as outlined in the SEC's Regulation SHO… So, at some time in the next few trading days shorting by market makers must end, AND they must cover their short positions. Looks like a very interesting week ahead… Just our opinion.
BWDI chart
market.
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