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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
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Bock Communications, Inc. Leap Wireless International Contacts:
William Prichard or Jessica Cardoza, Media Relations Sarah Thailing, Media Relations
714-540-1030 (ph) 858-882-6018 (ph)
[email protected] [email protected]
Jim Seines, Investor Relations
1-858-882-6084 (ph)
[email protected]
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LEAP WIRELESS INTERNATIONAL CHANGES ITS FISCAL YEAR END
SAN DIEGO - August 3, 2000 - Wireless communications carrier Leap Wireless
International, Inc. (Nasdaq: LWIN) announced today that it is moving the date of
its fiscal year end from Aug. 31 to Dec. 31, beginning this year, in a move to
better align itself with the majority of the wireless industry. The July 1 to
Sept. 30, 2000 period will be reported as a "third quarter," during which Leap
will provide a restatement of all previous quarters to bring them in line with
this new reporting schedule.
ABOUT LEAP WIRELESS INTERNATIONAL, INC.
Leap Wireless International, Inc., headquartered in San Diego, Calif., is
dedicated to playing a leading role in transforming wireless communications for
the mass consumer market. As a different kind of wireless company, Leap is
designing solutions to make the wireless future a reality. Domestically, Leap
has launched its "Comfortable Wireless" Cricket service that lets customers make
all their local calls and receive calls from anywhere for one low, flat rate.
Leap seeks to spark the wireless revolution by developing innovative voice and
data services that deliver value to customers. For more information, please
visit www.leapwireless.com.
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This news release contains "forward-looking statements," including statements
regarding the rollout plans and financing of Leap and its operating companies.
Forward-looking statements, which are based upon certain assumptions and
describe future plans, strategies and expectations of the Company, are generally
identifiable by use of the words "believe," "expect," "intend," "plan,"
"anticipate," "estimate," "project" or similar expressions. The ability of the
Company to predict actual results and other future events is inherently
uncertain. Important factors which may cause actual results to differ materially
from the forward-looking statements contained herein or in other public
statements by the Company are described in the section entitled "Risk Factors"
in the Company's Annual Report on Form 10-K for the fiscal year ended August 31,
1999 and other documents filed with the Securities and Exchange Commission.
Those factors most likely to cause actual results to differ include but are not
limited to: uncertainties regarding the ability of
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Leap Wireless International Changes Its Fiscal Year End page 2
Leap and its operating companies to achieve a time-to-market advantage, launch
networks according to plan, raise sufficient capital for continued expansion and
operation, performance uncertainties and potential delays relating to the
deployment of large scale construction projects and uncertainties relating to
negotiating and executing definitive agreements and the closing of transactions
described herein.
