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علما هذا من نظريى والله اعلم يا ابو روواف كما اتمنى لك الخير انت واخوانى جميعا Wireless Age Signs Agreement To Acquire RELM Convertible Note
Thursday December 18, 1:30 pm ET
TORONTO--(BUSINESS WIRE)--Dec. 18, 2003--Wireless Age Communications Inc. (OTCBB:WLSA - News) announced today that, on December 17, 2003, it entered into a Note Purchase Agreement to acquire $1,700,000 in outstanding principal amount of an 8% Convertible Subordinated Promissory Note of RELM Wireless Corporation (OTCBB:RELM - News). Wireless Age will purchase the note from the current holder thereof for a cash purchase price of $1,870,000.
The closing will occur, subject to the satisfaction of certain contingencies, on or prior to December 31, 2003. The note matures on December 31, 2004 and is currently convertible into approximately 904,255 common shares of RELM Wireless, which represents approximately 9.1% ownership position in RELM Wireless.
RELM Wireless designs, manufactures and markets wireless communications equipment consisting of land mobile radios and base station components and systems. Wireless Age considers RELM Wireless a competitor to certain segments of its business.