UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: May 17, 2000
BROADBAND WIRELESS INTERNATIONAL CORPORATION
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(Exact name of registrant as specified in its charter)
Nevada
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(State or other jurisdiction of incorporation)
0-08507 75-1441442
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(Commission File Number) (I.R.S. Employer Identification No.)
1301 Avenue M, Cisco, Texas 76437
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(Address of principal executive offices) (Zip Code)
(254) 442-3968
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(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events.
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Reference is made to the press release of the Registrant issued on
May 17, 2000, and the press release of the Registrant issued on May 24, 2000,
each of which contains information regarding events reportable under this Item
5. A copy each press release, which is incorporated herein by this reference, is
attached to this Form 8-K as Exhibits 99.1 and 99.2.
Item 7. Financial Statements and Exhibits.
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(c) Exhibits. The following exhibit is filed with this Report:
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99.1 Press Release Issued by Registrant on May 17, 2000.
99.2 Press Release Issued by Registrant on May 24, 2000.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BROADBAND WIRELESS
INTERNATIONAL CORPORATION
(Registrant)
Date: May 25, 2000 By: /s/ Ivan W. Webb
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Ivan W. Webb, President
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<PAGE>
INDEX TO EXHIBITS
Appears at
Sequentially
Exhibit Numbered
Number Description Page
- ----------- --------------------------------------------------- ------------
99.1 Press Release Issued by Registrant on May 17, 2000. 5
99.2 Press Release Issued by Registrant on May 24, 2000. 6
4
FOR IMMEDIATE RELEASE
Contact: Ivan W. Webb
President and Chief Executive Officer
BroadBand Wireless International Corporation
254-442-1603
BROADBAND WIRELESS DISAVOWS MAY 16, 2000 PRESS RELEASE
Cisco, Texas - (May 17, 2000) - BroadBand Wireless International Corporation
(OTCBB: BBAN) today announced that it had not issued a May 16, 2000 press
release regarding BBAN LLC, a joint venture entity in which, the May 16 release
stated, BroadBand Wireless International Corporation owned a revenue interest.
According to Ivan W. Webb, President and Chairman of the Board of Directors of
the Company, "BroadBand Wireless International Corporation has no knowledge of
its entitlement to any revenue interest in any such joint venture, nor did we
issue the May 16, 2000 press release. Although that press release named Justin
Ellis as the contact person to call on behalf of BroadBand Wireless
International Corporation, Mr. Ellis is neither an employee of this company nor
is he authorized to issue any statements or press releases on behalf of this
company."
Previously, on May 15, 2000, BroadBand Wireless International Corporation had
issued a press release announcing the commencement of an internal investigation
into various matters, including certain financial and accounting irregularities
and possible violations of federal securities laws. Continued Mr. Webb, "The May
15, 2000 press release is the last press release issued by this corporation.
Obviously, we are very concerned that, in light of our internal investigation,
unauthorized third parties no longer employed by us are purporting to represent
the corporation, and we have notified the appropriate regulatory authorities
that the May 16, 2000 press release was not issued by BroadBand Wireless
International Corporation."
FOR IMMEDIATE RELEASE
Contact: Ivan W. Webb
President and Chief Executive Officer
BroadBand Wireless International Corporation
254-442-1603
BROADBAND WIRELESS FILES LAWSUIT
Cisco, Texas - (May 24, 2000) - BroadBand Wireless International Corporation
(OTCBB: BBAN) today announced that it has filed a lawsuit in Oklahoma County
District Court against, among others, Ronald L. Baker and Aarow Environmental
Group, Inc., a publicly held company headquartered in Oklahoma City, Oklahoma.
The lawsuit alleges that Mr. Baker, who formerly was President and a director of
BroadBand Wireless International Corporation, converted corporate opportunities
of BroadBand for his personal use and the use of Aarow Environmental Group, Inc.
According to Aarow's Quarterly Report on Form 10-Q, filed with the Securities
and Exchange Commission on May 22, 2000, Mr. Baker currently serves as President
of Aarow Environmental Group, Inc. Ivan W. Webb, Chairman of the Board of
Directors of the Company, who was elected President to replace Mr. Baker, said,
"BroadBand intends to pursue all available remedies against Mr. Baker and Aarow
Environmental Group, Inc. for their actions." "We will update our shareholders
as the litigation progresses," concluded Mr. Webb.
