Stockwire.com Releases its Movers and Shakers List for August 25, 2004


MIAMI, Aug. 25, 2004 (PRIMEZONE) -- Stockwire.com Releases its Movers and Shakers List: Grayling Wireless (Pink Sheets:GRYW), Nextel Communications (Nasdaq:NXTL), Altera Corp. (Nasdaq:ALTR), Ebay Inc. (Nasdaq:EBAY)

Today, Grayling Wireless USA Inc. (Pink Sheets:GRYW) reported that, pursuant to the offer announced by GRYW on August 10th 2004, the shareholders of Virtual Wave Group Inc. ("VWG") have entered into share exchange agreements which will, upon closing, result in GRYW acquiring 100% of VWG.

GRYW has already assumed operational responsibility for the sales and marketing, project management and financial administration of VWG. VWG is a private Canadian technology marketing company with worldwide exclusivity to license and market intellectual property and other rights currently held or to be developed by Virtual Wave Inc. ("VWI"). VWI is a private Canadian research and development leader in the field of Global Positioning System ("GPS") and communication technology.

VWG has a master contract with an African insurance brokerage to install and monitor 9,600 vehicle-tracking devices over the next year. The tracking units will be monitored and serviced by VWG under 60-month end-user contracts that, in the aggregate, represent approximate revenue of $16,000,000 USD and approximate gross operating profit of $11,000,000 USD with respect to the tracking units to be installed during the initial one-year term of the master contract. The parties intend to extend the master contract, ultimately encompassing 48,000 fleet and private vehicle installations over the next five years. VWG has completed arrangements for all of the in-country operational elements required to commence servicing the initial master contract. The company expects to announce the commencement of VWG's African contract revenues in the very near future.

GRYW will exploit the very significant economic opportunities represented by its acquisition of VWG, focusing initially on providing a stable foundation for growth from the company's African initiatives followed quickly by an aggressive commercial roll-out of VWG products and services in North and South America.

To view the full report on Grayling, go to www.stockwire.com

Stockwire.com is an online financial destination where investors can go to research new investment ideas. We are focused on finding emerging growth companies that do not necessarily have widespread analyst coverage on Wall Street. The site also provides investors with full coverage of quotes, charts, and news for all publicly listed stocks in the U.S.

If you'd like a complete list of all of our profiled companies, visit: www.stockwire.com

Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on http://www.stockwire.com. Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited. Stockwire Research Group, Inc. has been compensated 10,000 dollars for the release and distribution of the GRYW research report by a third party shareholder.



            

Coordonnées