Posted by : Anonymous on Jan 06, 2005 - 12:37 AM WebTechnology

TORONTO (CP) - Wireless Age Communications Inc. is shelving plans to merge with Relm Wireless, citing hostility on the part of Relm's board of directors.
"Our overtures to Relm's board were not well-received," John Simmonds, chairman and CEO of Wireless Age, said Wednesday in a release. "There was a short window for a friendly business combination to occur.
Unfortunately, I believe that it has now closed." He also said Wireless Age (OTCBB:WLSA) will use $2.25 million in cash proceeds from a maturing Relm promissory note to repay a $2.33-million note and "continue to pursue other transactions with parties that believe in our consolidation strategy."
Wireless Age's retail outlets sell wireless products and services. The Wireless Source division distributes prepaid phone cards, wireless accessories, land mobile radios, batteries and other electronics products throughout North America. And the Wireless Works wing operates broadband public access and private networks.

Relm Wireless makes and sells high-specification two-way communications equipment for public safety professionals and government agencies, as well as radios for a wide range of commercial and industrial uses.

© The Canadian Press, 2004