Attached files
| file | filename |
|---|---|
| 8-K - China Wi-Max Communications, Inc. | v191878_8k.htm |
| EX-99.1 - China Wi-Max Communications, Inc. | v191878_ex99-1.htm |
| EX-99.2 - China Wi-Max Communications, Inc. | v191878_ex99-2.htm |
RECENT
UPDATE
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To:
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CHWM
Investors and Shareholders
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From:
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Steven
T. Berman, President and CEO
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Date:
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July
28, 2010
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Subject:
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Special
Update on CHWM
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Dear CHWM
Investors:
I am
writing to share with you some recent good news about China WI-Max
Communications, Inc.
First, we
have finalized the paperwork necessary to obtain some financing with New York
based firms. We closed with one on a $50,000 working capital loan this
week. We entered an agreement that we anticipate may provide substantial
additional funds– up to $10 million – over a period of time. Details have
been reported on a Form 8-K that we filed with the Securities and Exchange
Commission today. We believe this facility may give us the ability to
advance our business plan in the near and medium-term – a big step for
us.
Second,
most of our investors have chosen to convert their promissory notes to equity in
the company. This is also very good news as it decreases our “debt”
obligations and provides our early investors with enhanced equity positions in
our company.
Third, we
expect to be in a position to report revenue this quarter pursuant to a
contractual arrangement we’ve entered into with a strategic partner (and
potential acquisition target company) called CJ Networks (CJN) located in
Beijing. Importantly, the first phase of our new arrangement with CJN is
now in place – and includes the provision of billing, engineering, sales and
marketing. The second phase is expected to connect their “third ring road”
fiber with our “fourth ring road” fiber to expand our respective networking
capabilities. We are excited about this opportunity – and what it means
for our future.
Fourth, I
want to mention a subject that some of you have understandably expressed some
concern about to staff and between yourselves – our low trading volume and share
price. We are still a very young company, with very few
shareholders. We are not yet known, nor have we begun to fully ramp up and
fulsomely execute our business plan. Your CHWM executive team continues to
believe that the best way to realize the most from your investment is to hold
the stock and provide us time to execute the business plan. Patience
is key right now. We appreciate your understanding and sincere interest in
our success.
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DENVER
TOWER
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1905
Sherman Street, Suite #335
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Denver,
CO 80203
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303-993-8028
Office
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303-993-8172
Fax
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www.ChinaWi-Max.com
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General
Update
July 28,
2010
Page
2
Fifth, it
is my hope that this communication, and the forward momentum we are reporting to
execute our business plan, provides you with comfort and answers some of your
questions. In my judgment, your investment in China Wi-Max Communications,
Inc. is like a journey – a journey that will take some time to create real value
in the Chinese telecom space. We remain confident of our plan, our team,
our approach, and our expected execution to create value to you, our investors,
over the long-run.
As
always, each of us is available to talk to you at your convenience, and look
forward to hearing from you. We want to be able to respond to any of your
questions, comments or concerns. I invite you to directly contact me
via email at sberman@chinawi-max.com
or by telephone at 800.830.1978. I also suggest you contact our Investors
Relations Manager, Mr. Jim Prange, at 920.912.7444 or via email at jim.prange@gmail.com,
in addition to Ms. Karen Hazelton at our Denver Office.
Thank
you,
/s/
Steven Berman
Steven
Berman
CEO and
President
SAFE
HARBOR STATEMENT
The
Private Securities Litigation Reform Act of 1995 provides a safe harbor for
forward-looking statements made on behalf of the company. All such
forward-looking statements are, by necessity, only estimates of future results
and actual results achieved by China Wi-Max Communications, Inc. (China Wi-Max)
may differ materially from these statements due to a number of factors.
Important factors relating to the Company's operations could cause results to
differ materially from those in forward-looking statements and are further
detailed in filings with the Securities and Exchange Commission (SEC) available
at the SEC website (http://www.sec.gov ). All forward-looking statements are
based on information available to China Wi-Max and China Wi-Max assumes no
obligations to update these forward-looking statements to reflect actual
results, changes in assumptions or changes in other factors affecting such
statements. You should independently investigate and fully understand all risks
before making investment decisions.
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DENVER
TOWER
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1905
Sherman Street, Suite #335
|
Denver,
CO 80203
|
|
303-993-8028
Office
|
303-993-8172
Fax
|
www.ChinaWi-Max.com
|