5G Wireless’ stock experienced a significant rise in trading prices after filing its form 10-QSB, which brought the company up-to-date with the SEC and removed the “E” from its symbol.
The company reported an increase of 226% in revenues from equipment sales, service, and WISP operations for the three months ended June 30, 2007 compared to the three months ended June 30, 2006. 5G Wireless stated that the increase in revenue was mainly caused by significant growth in WISP locations and ongoing equipment sales from the university campus market place.
5G Wireless expects revenue numbers to increase over the next twelve months. It is now servicing 5,000 rooms nationwide and has contracts signed for an additional 5,000 rooms. There is much potential for this company as more travelers bring their laptops and other wireless devices, and more businesses learn more about the convenience of 5G Wireless’ solutions.
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