Forum Archive Index - March 2001

["Tony Haddon" <haddon@E3.net.nz>]

Does anyone else get a little confused reading their late notice to the exchange ? ( copied below)  Whoever edits/writes

these things needs to tidy their act up a bit. It was supposed to be a clarification, but I was reading not about two entities, but three..namely :  Rocom Wireless Ltd, Rocom Wireless, and Rocom Ltd.

 

GEN: ROC:  STATEMENT FROM ROCOM WIRELESS LIMITED

Statement from Rocom Wireless Limited: At the end of last week, ROCOM
Wireless Limited reported a loss of $14,000 for the year ending 31 December
2000.

ROCOM Wireless would like to clarify that, for the 2000 financial year, ROCOM
Wireless and ROCOM Limited were separate entities and that the last week's
announcement does not reflect the financial performance of ROCOM Limited.

For the 2000 financial year, ROCOM Wireless existed as a shell company only,
and remained so until the acquisition of ROCOM Limited in January 2001.

Before its acquisition, ROCOM Limited was a privately owned company operating
as Telecom New Zealand's largest accredited dealer of cellular technologies
and connections to the corporate market, and as a provider of satellite
communications services.

The acquisition of ROCOM Limited, which recorded a profit for each of the
last five years, puts ROCOM Wireless in a strong position to leverage the
roll out of CDMA in New Zealand in mid-2001.

ROCOM Wireless is now a leader in the provision of wireless communications
solutions. As well as supplying 30% of Telecom's corporate customers and
being a major player in the Australasian satellite communications market,
ROCOM Wireless has a Wireless Computing Division, which specialises in the
integration of wireless computing and mobile telephony.