February 23, 2017
SIMI VALLEY, CALIFORNIA
On or around February 22, 2017, Airborne Wireless Network (OTC QB: ABWN), a Nevada corporation (the “Company”), was made aware of and requested by the OTC Market Group, Inc., to comment on recent promotional activities and trading concerning its common stock.
The Company believes that such activity is due to the Company’s press releases and recent filings with the SEC regarding its disclosed relationships with Air Lease Corp. and Electric Lightwave (who has recently announced it is being acquired by Zayo Group) and the Company’s unique business, which have attracted much attention, including from traders and investment publications.
After sufficient inquiry, management of the Company has determined that none of its officers, director or controlling shareholders (defined as shareholders owning 10% or more of the Company’s securities) have, directly or indirectly, been involved in any way (including payment of a third-party) with the creation or distribution of promotional materials related to the Company and its securities.
After sufficient inquiry, management of the Company has determined that none of its officers, director, or controlling shareholder have sold or purchased the Company’s securities within the past 90 days.
Since January 1, 2016, the Company has engaged, IRTH Communications (investor relations services), ZapZorn Productions (corporate branding), Eurasian Capital (Institutional Funding Services and Institutional Market Awareness / Public Relations Services), and Neutron Media (advertising/branding).
From time to time, the Company has completed private placements of its securities. The Company has not issued any convertible instruments, whatsoever. Those private placements transactions are, typically, are for a unit, consisting of (a) shares of the Company’s common stock and (b) a warrant priced at a premium. The pricing of the common stock is at a fixed-price at market price or VWAP on the date of issuance of those units.
The Company urges investors to rely only on information provided by the Company in its press releases and public filings with the United States Securities and Exchange Commission.
About Airborne Wireless Network
Airborne Wireless Network intends to create a high-speed broadband airborne wireless network by linking commercial aircraft in flight. Each aircraft participating in the network will act as an airborne repeater or router sending and receiving broadband signals from one aircraft to the next creating a digital superhighway in the sky. Airborne Wireless Network intends is to be a high-speed broadband internet pipeline to improve coverage connectivity. Airborne Wireless Network does not intend to provide retail customer coverage to end users, but, instead, will act as a wholesale carrier with target customers, such as internet service providers and telephone companies.
Currently, the world's connectivity is achieved by use of undersea cables, ground based fiber and satellites. Airborne Wireless Network believes that Airborne Wireless Network's airborne digital highway is the logical solution to fill the world's connectivity void. Once the network is developed and fully implemented, its uses are limitless. Airborne Wireless Network, once developed, should provide low cost, high-speed connectivity to rural areas, island nations, ships at sea, oil platforms, in addition to connectivity to commercial and private aircraft in flight.
For further information see: www.airbornewirelessnetwork.com
Contact:
info@airbornewirelessnetwork.com
805-583-4302
Notice Regarding Forward-Looking Statements:
This release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These statements are based upon the current beliefs and expectations of the company's management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.
Risks and uncertainties include, but are not limited to, availability of capital; the inherent uncertainties associated with developing new products or technologies and operating as a development stage company; our ability to raise the additional funding we will need to continue to pursue our business and product development plans; our ability to develop and commercialize products based on our technology platform; competition in the industry in which we operate and market; general industry conditions; general economic factors; the impact of industry regulation; technological advances; new products and patents attained by competitors; manufacturing difficulties or delays; dependence on the effectiveness of the company's patents; and the exposure to litigation, including patent litigation, and/or regulatory actions.