Exhibit 99.3
FOR IMMEDIATE RELEASE
NEWS RELEASE
Wireless Ventures, Inc. calls off acquisition of
The Wireless Stock Xchange, Inc.
New York, NY - October 30, 2000 - Wireless Ventures, Inc. (OTCBB:WLSV) today
announced that it will not consummate the transactions contemplated under the
Stock Purchase Agreement between Wireless Ventures and The Wireless Stock
Xchange, Inc, among others as certain conditions required to close the
transaction have not been met.
Mr. John Simmonds, CEO of Wireless Ventures, stated "Certain recent material
events have raised concern as to the ability of the company to realize the
potential of the business plan as originally contemplated. In lengthy
discussions with the principals involved, we have been unable to resolve these
issues. Accordingly, we will not be going forward with the original agreement."
Wireless Ventures, Inc. is a Delaware corporation whose shares are quoted on
the NASD's over-the-counter Bulletin Board.
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For further information contact:
Angelo MacDonald, investor relations
416-566-5864
