WIRX is trading higher today at +18%...
WIRXW is trading well below fair value of 11/32 to 3/8ths due to April extension date...Our research strongly indicates that WIRXW will be extended, and that upon that news release of extension WIRXW will trade up to at least fair value...If you look back on charts of similar warrant extension situations there are tremendous gains to be had...of course we have no inside info and there is risk involved.
...UNTINGDON VALLEY, Pa., March 20 /PRNewswire/ -- Batteries, Batteries, Inc. (Nasdaq: BATS), a manufacturer and distributor of wireless accessory products sold to dealers, distributors, and network airtime carriers throughout the USA and Canada, announced plans to change their corporate name to Wireless Accessories Group (Nasdaq: WIRX). The name change is only one step in the company's strategy to establish itself as the dominant provider of accessories for wireless phones in the USA.
This new name for the company reflects the fact that wireless phone, pager and two-way radio accessories comprise 100% of the company's business. Explained President and CEO Steve Rade, "Wireless Accessories Group is a more appropriate name to describe our current business and the areas we intend to pursue for future growth. The accessory segment of the wireless industry has always been far more profitable than any other area of our product mix and the wireless division has been growing at an approximate compound rate of 25% since our IPO in 1996."
In the coming weeks, a new corporate logo will be introduced, and its corporate Internet address will be changed to www.WirelessAccessoriesGroup.com. The company's ticker symbol on the Nasdaq national market has been changed to WIRX effective March 20, 2000.
The name change will not require current shareholders to exchange their existing stock certificates for certificates bearing the new name.
The Wireless Accessories Group is comprised of four divisions, which distribute products to more than 6,000 dealers and distributors operating from over 12,000 locations in the USA and Canada. Advanced Fox Cellular located in Huntingdon Valley, PA, Cliffco Wireless located in Tampa, FL, Battery Network in Escondido, CA, and AccessorySolutions.com, a provider of e-commerce websites and fulfillment services to wireless phone related resellers.
This press release contains forward-looking statements. Actual results may differ materially from the forward-looking statements. All such statements may involve risk and uncertainties, including without limitation, whether the name change will be successful and profitable for Wireless Accessories Group, Inc. as well as other risks detailed in the Wireless Accessories Group, Inc. filings and reports with the Securities and Exchange Commission. Such statements are only predictions and actual events or results may differ.