--(www.USEquityNews.com)-- 04/24/2008 - Wireless Communications industry alert provided by U.S. Equity News. Airspan Networks Inc. (NASDAQ: AIRN), a leading worldwide provider of WiMAX broadband wireless access networks, announced recently that it has received a network expansion contract from CTS Gibraltar. CTS is expanding its network using Airspan's WiMAX solutions in the licensed 3.5 GHz frequency band. Airspan will supply its MacroMAX base stations and EasyST indoor CPEs (customer premise equipment). CTS Gibraltar is part of the CTS Group which is present in the United Kingdom, Gibraltar and Spain.
Berliner Communications, Inc. ("Berliner" or the "Company") (OTCBB: BERL), an end-to-end provider of outsourced services for the wireless communications industry, recently announced that on April 17, 2008, it entered into a new three-year $15 million revolving credit facility with PNC Bank, N.A. ("PNC"). The facility replaces the Company's existing financing arrangement, and is intended to provide liquidity and working capital for growth initiatives and future expansion, including possible acquisitions. Interest under the new facility will be at prime or the PNC Eurodollar Rate (comparable to LIBOR) plus 2 percent.
Wavecom S.A. (NASDAQ: WVCM) recently announced financial results for its first quarter 2008 ending March 31, 2008. Ron Black, Wavecom Chief Executive Officer, commented: "During the first quarter of 2008, we made a key strategic acquisition of Anyware Technologies, a dynamic company recognized for creating advanced software solutions that optimize enterprise processes. Its M2M-specific solutions perfectly complement Wavecom's secure and scalable Intelligent Device Services (IDS) platform, with the combination creating the most advanced end-to-end software solution in the industry. This acquisition is a significant milestone in the implementation of our strategy with a key focus on the development of services.
Diamond I, Inc. (OTCBB: DMOI) announced recently that its second free online casino, VegasBetLive.com (www.vegasbetlive.com), opened to online players yesterday. VegasBetLive.com is a free Poker site for entertainment only and is legal for users in the United States. VegasBetLive.com features a users blog, where players can share their experiences and discuss the web site happenings. Both sites have also been integrated in a way that permits players to access each site's Poker tables using the same login information. VegasBetLive.com, like its sister site, IslandBlueCasino.net, has been designed to create a revenue stream for DMOI, through the use of click-through advertising programs, including Google Adsense(TM) and Amazon.com.
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.
