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 (Date of earliest event reported) October 22, 1998
WIRELESS ONE, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-26836 72-1300837
(State or other (Commission file number) (IRS Employer
jurisdiction of Identification No.)
incorporation
1080 River Oaks Drive, Suite A150, Jackson, Mississippi 39208
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (601) 936-1515
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ITEM 5. OTHER EVENTS.
On October 22, 1998, Wireless One, Inc. (the "Company") announced that
its common stock will trade on the OTC Bulletin Board starting October 22,
1998 under the symbol "WIRL." The press release also stated that the
Company's common stock was previously listed on the Nasdaq National Market.
The foregoing is qualified in its entirety by the text of the Company's
press release dated October 22, 1998, which is filed as an exhibit hereto
and incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
EXHIBIT NO. DESCRIPTION
99.1 Press Release dated October 22, 1998
of Wireless One, Inc.
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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 thereunto duly authorized.
WIRELESS ONE, INC.
Date: October 22, 1998 /S/ HENRY M. BURKHALTER
Henry M. Burkhalter
Chief Executive Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION SEQUENTIALLY NUMBERED PAGE
99.1 Press Release dated October 22, 1998
of Wireless One, Inc.
[WIRELESS ONE LOGO]
Wireless One, Inc.
Henry G. Schopfer, III
Executive Vice President/
Chief Financial Officer
(601) 936-1515
FOR IMMEDIATE RELEASE
WIRELESS ONE, INC. COMMON STOCK TO TRADE ON OTC BULLETIN BOARD STARTING
OCTOBER 22, 1998
Jackson, MS, October 22, 1998 - Wireless One, Inc. (OTC Bulletin Board:
WIRL) announced that its common stock will trade on the OTC Bulletin
Board starting today under the symbol "WIRL." The common stock of
Wireless One, Inc. previously was listed on the Nasdaq National Market.
BROADBAND WIRELESS ACCESS PROVIDER FOR SOUTHEAST U.S.
Wireless One, Inc., a Broadband Wireless Access provider owns, develops
and operates wireless video, data and voice over IP systems in eleven
contiguous states in the Southeast U.S. with exclusive licenses in the
Multi-Point Multi-Channel Distribution System ("MMDS") and Wireless
Communications Spectrum ("WCS"). The MMDS and WCS licenses cover an
estimated 7,700,000 households and 800,000 businesses in 67 markets. In
addition, the Company owns a 50% interest in a joint venture, Wireless
One of North Carolina, L.L.C., that holds exclusive MMDS and WCS
licenses in 13 North Carolina markets with additional 3,000,000
households and 290,000 businesses.
The Company provides wireless services to single family units, multiple
dwelling properties, educational institutions and small to medium
businesses. The Company has a marketing alliance with
DIRECTV<reg-trade-mark> that enables it to provide expanded programming
via Direct Broadcast Satellite signal to single family homes and
multiple dwelling properties.
Forward-Looking Statement Disclaimer
Certain statements made in this press release, including statements that
are not a statement of historical fact, may constitute "forward-looking"
statements as defined in the Securities Act of 1933, as amended. Actual
results may differ materially from those projected in any forward-
looking statement. Readers are encouraged to read the section entitled
"Factors that May Affect Future Results of the Company" in the Company's
Annual Report on Form 10-K for the year ended December 31, 1997 and the
section entitled "Liquidity and Capital Resources" in the Company's
Quarterly Report on Form 10-Q for the quarter ended June 30, 1998 which
contain information and analysis with respect to certain factors that
could cause the Company's results to differ materially from those
contained in any forward-looking statements made in this press release,
such as the capital needs of the Company, both short- and long-term,
substantial indebtedness of the Company, lack of profitable operations,
need to manage change in business strategy, FCC authorizations and other
governmental regulations, competition, physical limitations of wireless
cable transmissions and other factors.
