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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 (date of earliest event reported) - May 5, 1998
Sygnet Wireless, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Ohio
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(State or Other Jurisdiction of Incorporation)
333-10161 34-1689165
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Commission File Number IRS Employer Identification No.
6550-B Seville Drive
Canfield, Ohio 44406
(Address of Principal Executive Offices, Including Zip Code)
(330) 565-1000
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
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On April 30, 1998, Registrant issued a press release announcing the decision to
explore strategic alternatives, including the possible sale of the company. A
copy of such press release is attached hereto as Exhibit 1.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits
99.1 Press release issued by Registrant on April 30, 1998.
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SIGNATURE
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.
SYGNET WIRELESS, INC.
Dated: May 5, 1998 By: /s/ Craig T. Sheetz
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Craig T. Sheetz
Vice President and
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description of Exhibit
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99.1 Press release issued by Registrant on April 30, 1998.
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Exhibit 99.1
[SYGNET WIRELESS LETTERHEAD]
Contact:
Craig T. Sheetz
Vice President, Chief Financial Officer
330-565-9504
SYGNET WIRELESS EXPLORES STRATEGIC ALTERNATIVES
Canfield, OH, April 30 - As the pace of consolidation has increased in the
cellular industry, the Board of Directors of Sygnet Wireless, Inc. has decided
to explore strategic alternatives available to the Company. Accordingly, the
Company has retained Lehman Brothers, Inc. as its financial advisor to explore
its strategic alternatives, including the possible sale of the company.
Sygnet Wireless, Inc. owns and operates cellular systems under the Cellular One
and Wilcom Cellular trade names, covering a total estimated population of
approximately 2.4 million people in Ohio, Pennsylvania and New York. All of the
Company's systems are affiliates of the North American Cellular Network. The
company is privately owned and is headquartered in Canfield, Ohio.
