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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) March 10, 2000
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WEBLINK WIRELESS, INC.
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(Exact Name of Registrant as Specified in Its Chapter)
DELAWARE
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(State of Other Jurisdiction of Incorporation)
0-28196 75-2575229
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(Commission File Number) (IRS Employer Identification No.)
3333 Lee Parkway, Suite 100, Dallas, Texas 75219
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(Address of Principal Executive Offices) (Zip Code)
214-765-4000
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(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
On March 10, 2000, WebLink Wireless, Inc. issued the attached press
release.
Item 7. Exhibits.
20.1 Press Release
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.
WEBLINK WIRELESS, INC.
By: /s/ Frederick G. Anderson
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Name: Frederick G. Anderson
Title: Vice President, General
Counsel and Secretary
Date: March 10, 2000
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INDEX TO EXHIBITS
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EXHIBIT
NO. DESCRIPTION
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20.1 News Release
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EXHIBIT 20.1
[WEBLINK WIRELESS LOGO]
WEBLINK WIRELESS ISSUES STOCK IN EXCHANGE FOR NOTES,
REDUCES TOTAL DEBT BY $84.5 MILLION
DALLAS - March 10, 2000 - WebLink Wireless, Inc. (Nasdaq: WLNK) today announced
that it has signed agreements with certain noteholders by which WebLink Wireless
will issue approximately 3.8 million shares of its common stock in exchange for
$84.5 million accreted value ($115.9 million maturity value) of 11 1/4% Senior
Subordinated Discount Exchange Notes due 2008.
John R. Hauge, WebLink Wireless' Chief Financial Officer, said: "We are pleased
to complete this transaction at an effective share issue price of $22.29. We
believe this transaction, which deleverages our balance sheet and achieves
annual interest savings to maturity of more than $12.2 million, is beneficial
for WebLink Wireless shareholders and reflects continued confidence in our
growth prospects." The transaction was completed pursuant to Section 3(a)(9) of
the Securities Act of 1933.
WebLink Wireless, Inc. is a leader in the wireless data industry, providing
wireless e-mail, wireless instant messaging, information on demand and
traditional paging services in the United States through the largest
terrestrial-based, two-way wireless data network of any kind. The Dallas-based
company, which serves about 2.6 million customers, recorded total revenues of
$325 million for the year ended December 31, 1999. For more information, visit
the website at www.weblinkwireless.com.
This press release includes forward-looking statements that involve risks and
uncertainties that are detailed from time to time in the SEC filings of WebLink
Wireless, Inc. including its most recent annual report on Form 10-K and any
subsequently filed quarterly reports on Form 10-Q. Actual results may differ
materially from those projected due to increased competition, pricing pressures,
delays in new service introductions, delays in the introduction of new
subscriber devices, regulatory issues and other business factors. These
forward-looking statements represent the company's judgment as of the date of
this release. The company disclaims, however, any intent or obligation to update
these forward-looking statements.
CONTACTS:
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INVESTORS: MEDIA:
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Kelly Prentiss Eric Van Steenburg Dan Guitteau
WebLink Wireless WebLink Wireless Edelman Worldwide
(214) 765-3874 (214) 765-3937 (214) 443-7589
[email protected] [email protected] [email protected]
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