WHEAT RIDGE, Colo.-- ARC Wireless Solutions, Inc. ("Corporation") (OTCBB:ARCS) today announced that pursuant to the authorization of its shareholders at its November 9, 2004, annual meeting of shareholders for the Board of Directors of the Company to implement a reverse stock split, the Board of Directors has determined to implement a reverse stock split contingent upon the filing of its application with either the American Stock Exchange (AMEX) or to the NASDAQ Small Cap Exchange. Based on the listing standards for the AMEX and NASDAQ exchanges, the Board of Directors has authorized the reverse split of the Corporation's outstanding common stock in a range between one for 20 and one for 50 depending upon the requirements of the exchange that the Corporation will apply to. Once the application has been approved, the Company will immediately effect the reverse stock split which, although there is no assurance, the Company assumes will happen late in the first quarter of 2006.
A follow-up press release will be issued announcing the specific terms and effective date of the reverse stock split prior to its occurrence.