WINNIPEG, Aug. 28 /CNW/ - Craig Wireless Systems Ltd. ("Craig Wireless"
or the "Company") (TSX: CWG), announces that, further to its press release
dated July 31, 2009, its Greek operating subsidiary, Craig Wireless Hellas
S.A. ("CWS Hellas"), has now served a formal response to the notice of
arbitration proceedings (the "Notice") received from Lannet Communications
S.A. ("Lannet") refuting the allegations made by Lannet in the Notice.
About Craig Wireless Systems Ltd.
Craig Wireless and its affiliates (collectively, the "CWS Group") offer a
broad range of telecommunications services, including, broadband Internet
access, television programming delivery, business connectivity solutions,
hosting, security and telecommunications solutions. Through certain members of
the CWS Group, Craig Wireless holds or leases licenses for spectrum in the 2.5
GHz, 2.6 GHz or 3.5 GHz bands in Manitoba, British Columbia, the Coachella
Valley region, California, United States, Greece, Norway and New Zealand.
Spectrum in these ranges is effective for delivery of point-to-multipoint
signals, possesses robust bandwidth capability and supports emerging
WiMAX-based and other fourth generation (4G) applications, including portable
and mobile applications.
The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Notice on forward-looking statements
This release includes forward-looking statements regarding Craig Wireless
and its business. Such statements are based on management's current
expectations. The forward-looking events and circumstances discussed in this
release may not occur and actual results could differ materially as a result
of known and unknown risk factors and uncertainties affecting Craig Wireless
and its business. No forward-looking statement can be guaranteed.
Forward-looking statements speak only as of the date on which they are made
and Craig Wireless does not undertake any obligation to publicly update or
revise any forward-looking statement, whether as a result of new information,
future events, or otherwise.
For further information:
For further information: J. Drew Craig, Co-Chief Executive Officer,
Craig Wireless Systems Ltd., Tel: (416) 515-2222 ext. 2, email: