Dear Friends and wireless professionals,

I am sending the newsletter out one day early this week since I will be traveling out of the country tomorrow.

This is my weekly newsletter about Wireless Data and Radio Paging. You are receiving this message because you have either communicated with me in the past about a wireless topic, or your address was included in another e-mail that I received. This is not a SPAM. If you have received this message in error, and you are not interested in these topics, please click here, then click on "send" and you will be promptly removed from the mailing list.

WEBLINK WIRELESS BANKRUPTCY

From RCR Wireless News:

WebLink Wireless issues debt plan

July 16, 2002 1:09 PM EST
DALLAS—Paging and messaging carrier WebLink Wireless Inc. announced it reached an agreement with its creditors to restructure the company’s debt, a major move in WebLink’s long stay in bankruptcy court.

Under the plan of reorganization, WebLink will emerge from bankruptcy with $40 million in debt. Interest on $20 million will be payable in cash and on the other $20 million will be payable in kind by the issuance of additional notes.

“We are happy to reach this agreement with our creditors,” said N. Ross Buckenham, president and chief executive officer of WebLink. “We believe there will be a great demand for wireless data applications and services running over ReFLEX networks, and WebLink is pleased to continue to lead the industry as it evolves.”

The company expects to emerge from bankruptcy in September as a private company, and Buckenham will serve as chairman of the board as well as president and CEO. The company filed for bankruptcy more than a year ago.

WebLink’s announcement comes just a few days after the industry’s No. 1 carrier, Arch Wireless Inc., made a proposal in the bankruptcy court to take over WebLink’s network.

WebLink has a news release about this on their web site.

The most expensive house in Dallas destroyed by fire!

What in the world does a big house burning down in Dallas have to do with paging? A lot more than you might think. This is "the house that paging almost built" and its story has a strange parallel to the whole paging industry. Read the PageNet Scrapbook about one of the grandest homes in Texas that was never finished.

Tim Jones needs 35 Spacecom FM³ receivers with the latest modifications. Contact: tim@mpwpaging.com

I have a large consignment of paging infrastructure available for sale. Prices have not been set. Any reasonable offer will be accepted. The title of the page is: INFRASTRUCTURE Click here to view.

ADIÓS AMIGOS
Well, that is all I have for this week. Please let me know if you hear any news that I can include in next week's newsletter.