First Avenue Networks Approved for Listing on NASDAQ National Market
21 Junho 2005 - 9:00AM
PR Newswire (US)
First Avenue Networks Approved for Listing on NASDAQ National
Market MCLEAN, Va., June 21 /PRNewswire-FirstCall/ -- First Avenue
Networks (NASDAQ:FRNS), a wireless carrier's carrier, today
announced that it has received a determination from The NASDAQ
Listing Qualifications Panel that it is appropriate to list First
Avenue's common stock on The NASDAQ National Market. NASDAQ has
informed First Avenue that its common stock will trade on The
NASDAQ National Market under the symbol "FRNS." "We are excited to
be listed on The NASDAQ National Market," said Dean Johnson,
president and CEO, First Avenue Networks. "This event marks a major
milestone in the maturation of First Avenue. It affirms the
viability of the fixed wireless market and gives our existing and
new investors increased visibility and liquidity." About First
Avenue Networks First Avenue Networks (NASDAQ:FRNS) is a wireless
carrier's carrier. The company is a leading participant in the
fixed wireless backhaul and access evolution as it builds fixed
wireless solutions for mobile backhaul, bypass and fiber extensions
that are cost-effective, reliable and rapidly deployed. With the
addition of the 24 GHz assets and operations of Teligent, which the
company acquired in early 2005, First Avenue has amassed one of the
largest and most comprehensive collections of millimeter wave
spectrum assets in the United States. The company has approximately
1.5 billion channel pops between its 24 GHz and 39 GHz spectrum
licenses. First Avenue offers nationwide coverage and added depth
in major U.S. metropolitan areas, holding nearly 600 MHz of
spectrum in the top 75 U.S. markets. For more information, please
visit the company's web site at http://www.firstavenet.com/ or call
(703) 873-4150. The above information includes forward-looking
statements regarding the securities trading and the provision of
services by the Company and other opportunities in the Company's
marketplace. These statements are not guarantees of future
performance. Known and unknown risks, uncertainties, and other
factors, including without limitation, the risk that the Company
will be adversely affected by capital constraints, changes to or
failure to execute the Company's strategy and business plan,
non-renewal or revocation of FCC licenses, variable customer
demand, technological risks, ability to manage growth, competition
and government regulation and other risks may cause actual results
to differ materially from the future results implied or expressed
in the forward-looking statements. Many of these risks and
uncertainties are further discussed in our most recent filings with
the Securities and Exchange Commission, including our annual report
on Form 10-K for the fiscal year ended December 31, 2004. The
Company does not undertake to and expressly disclaims any
obligation to update or revise its forward-looking statement
publicly to reflect any change in these forward-looking statements,
or in events, conditions or circumstances on which any such
statements may be based, or that may affect the likelihood that
actual results will differ from those set forth in the
forward-looking statements. DATASOURCE: First Avenue Networks
CONTACT: Linda Pitt of GAJ Services Inc., +1-859-291-1005, or , for
First Avenue Networks Web site: http://www.firstavenet.com/
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