EX-99.1
2
arc8k99-1.txt
PRESS RELEASE
Exhibit 99.1 Press Release
Immediate Release
-----------------
Company Contacts: ARC Wireless Solutions, Inc.
Randall Marx, Chief Executive Officer Phone: 303-421-4063
randall.marx@arcwireless.net Fax: 303-424-5085
----------------------------
Richard Anderson, Investor Relations
richard.anderson@arcwireless.net
web page: www.arcwireless.net
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ARC WIRELESS SOLUTIONS CLOSES THE SALE OF ITS WINNCOM SUBSIDIARY
FOR $17 MILLION
Wheat Ridge, Colorado November 2, 2006 - ARC Wireless Solutions, Inc. ("ARC")
(OTCBB: ARCS) has completed the previously announced sale of its wholly owned
subsidiary, Winncom Technologies Corp., to Bluecoral Limited for $17 million in
cash after ARC's shareholders approved the transaction at the Company's Annual
Meeting of Shareholders on October 31, 2006.
The proceeds from the sale are intended to be used for future acquisitions and
the expansion of ARC's existing Wireless Communications Solutions Division along
with its Starworks Wireless and Hong Kong subsidiaries. "We intend to use the
proceeds to pursue synergistic acquisition opportunities, to provide expansion
capital to accelerate product development, and for other opportunities that our
Board may determine to be in the best interests of our shareholders", reiterated
Randall P. Marx, ARC's Chairman and CEO.
At the Annual Meeting of Shareholders, the shareholders also authorized the
Board of Directors to effect up to a 1 for 50 reverse stock split. If effected,
a reverse stock split would assist the Company in qualifying its stock for
listing on a stock exchange.
About ARC Wireless Solutions, Inc.
ARC Wireless Solutions, Inc. is involved in selective design, manufacturing,
marketing and selling a broad range of wireless components and network products
and accessories. The Company develops, manufactures and markets proprietary
products, including base station antennas (for cellphone towers) and other
antennas, through its Wireless Communications Solutions Division; and it
designs, manufactures and distributes cable assemblies for cable, satellite and
other markets through its Starworks Wireless Inc. subsidiary; and, it negotiates
and manages its contract manufacturing relationships through its ARC Wireless
Hong Kong, Ltd. subsidiary. The Company's products and systems are marketed
through the Company's internal sales force, OEMs, numerous reseller distribution
channels, retail, and the Internet. ARC Wireless Solutions, Inc., together with
its Wireless Communications Solutions Division and its Starworks Wireless
subsidiary, is headquartered in Wheat Ridge, Colorado. The Company's China
subsidiary is located in Kowloon, Hong Kong. For more information about the
Company and its products, please visit our web sites at www.arcwireless.net,
www.antennas.com, www.starworkswireless.com and www.arcwirelesshk.net
This is not a solicitation to buy or sell securities and does not purport
to be an analysis of the Company's financial position. This Release contains
forward-looking statements within the meaning of the Securities Exchange Act of
1934. Although the Company believes that the expectations reflected in the
forward-looking statements and assumptions upon which forward-looking statements
are based are reasonable, it can give no assurance that such expectations and
assumptions will prove to have been correct. See the Company's most recent
Quarterly Report on Form 10-Q and Annual Report on Form 10-K for additional
statements concerning important factors, such as demand for products,
manufacturing costs, and competition, and the Company's ability to successfully
utilize its cash, that could cause actual results to differ materially from the
Company's expectations.

EX - 99 . 1 2 arc8k99 - 1 . txt PRESS RELEASE Exhibit 99 . 1 Press Release Immediate Release ----------------- Company Contacts : ARC Wireless Solutions , Inc . Randall Marx , Chief Executive Officer Phone : 303 - 421 - 4063 randall.marx@arcwireless.net Fax : 303 - 424 - 5085 ---------------------------- Richard Anderson , Investor Relations richard.anderson@arcwireless.net web page : www.arcwireless.net ------------------- ARC WIRELESS SOLUTIONS CLOSES THE SALE OF ITS WINNCOM SUBSIDIARY FOR $ 17 MILLION Wheat Ridge , Colorado November 2 , 2006 - ARC Wireless Solutions , Inc . ( " ARC " ) ( OTCBB : ARCS ) has completed the previously announced sale of its wholly owned subsidiary , Winncom Technologies Corp . , to Bluecoral Limited for $ 17 million in cash after ARC 's shareholders approved the transaction at the Company ' s Annual Meeting of Shareholders on October 31 , 2006 . The proceeds from the sale are intended to be used for future acquisitions and the expansion of ARC 's existing Wireless Communications Solutions Division along with its Starworks Wireless and Hong Kong subsidiaries . " We intend to use the proceeds to pursue synergistic acquisition opportunities , to provide expansion capital to accelerate product development , and for other opportunities that our Board may determine to be in the best interests of our shareholders " , reiterated Randall P . Marx , ARC 's Chairman and CEO . At the Annual Meeting of Shareholders , the shareholders also authorized the Board of Directors to effect up to a 1 for 50 reverse stock split . If effected , a reverse stock split would assist the Company in qualifying its stock for listing on a stock exchange . About ARC Wireless Solutions , Inc . ARC Wireless Solutions , Inc . is involved in selective design , manufacturing , marketing and selling a broad range of wireless components and network products and accessories . The Company develops , manufactures and markets proprietary products , including base station antennas ( for cellphone towers ) and other antennas , through its Wireless Communications Solutions Division ; and it designs , manufactures and distributes cable assemblies for cable , satellite and other markets through its Starworks Wireless Inc . subsidiary ; and , it negotiates and manages its contract manufacturing relationships through its ARC Wireless Hong Kong , Ltd . subsidiary . The Company 's products and systems are marketed through the Company 's internal sales force , OEMs , numerous reseller distribution channels , retail , and the Internet . ARC Wireless Solutions , Inc . , together with its Wireless Communications Solutions Division and its Starworks Wireless subsidiary , is headquartered in Wheat Ridge , Colorado . The Company 's China subsidiary is located in Kowloon , Hong Kong . For more information about the Company and its products , please visit our web sites at www.arcwireless.net , www.antennas.com , www.starworkswireless.com and www.arcwirelesshk.net This is not a solicitation to buy or sell securities and does not purport to be an analysis of the Company 's financial position . This Release contains forward - looking statements within the meaning of the Securities Exchange Act of 1934 . Although the Company believes that the expectations reflected in the forward - looking statements and assumptions upon which forward - looking statements are based are reasonable , it can give no assurance that such expectations and assumptions will prove to have been correct . See the Company ' s most recent Quarterly Report on Form 10 - Q and Annual Report on Form 10 - K for additional statements concerning important factors , such as demand for products , manufacturing costs , and competition , and the Company 's ability to successfully utilize its cash , that could cause actual results to differ materially from the Company 's expectations .