MIAMI LAKES, Fla. -- Calypso Wireless Inc. (OTC: CLYW -- News), the premier broadband wireless device and technology manufacturer that is making the cellular real-time video phones of the future today, announced today that it intends to file an application to become listed on the Nasdaq Market by the end of 2003. An SEC certified auditing firm is currently in the process of auditing the company's financial statements. Upon completion, Calypso plans to immediately start the process leading to an application to become listed on the Nasdaq Market.
The company is currently trading over-the-counter under the ticker symbol CLYW.
Calypso Wireless is the company behind the world's only mobile real-time video phone capable of seamlessly switching back and forth between the cellular networks and the new Wi-Fi networks. Calypso's sleek new C1250i cellular video phone is the first and only mobile phone capable of using Wi-Fi to connect users to the Internet at blazing broadband speeds of 11,000 KB per second, enabling movie-quality, real-time video conferencing. This speed is up to 200 times faster than connection speeds currently available from some U.S. wireless carriers, including AT&T Wireless (NYSE:AWE - News) and Sprint PCS (NYSE:PCS - News).
"We believe we already meet most financial requirements for initial listing on the Nasdaq Market. Our audited financials should confirm this. We will make them public as soon as they become available," says Carlos Mendoza, President and Chief Executive Officer of Calypso Wireless.
Calypso Wireless is also in the process of upgrading its corporate governance program going above and beyond the requirements of the Sarbanes-Oxley Act.
Calypso Wireless Inc.