News

Company ventures into ATM and kiosk business

March 31, 2002

NEW YORK - Wireless Ventures Inc. announced today that it has signed a letter of intent to acquire 4Cash. 4Cash is a division of Markham, Ontario IRMG Inc.

4Cash markets and manages automated teller machines (ATMs) and related services in Canada and the United States. The company is in the final stages of signing a contract to own and operate automated cash machines and kiosks to be placed in high profile locations throughout North America.

Mr. Steve Cussons, current president of IRMG, is expected to be appointed president, CEO and a director of Wireless Ventures. Mr. Paul K. Hickey, interim chairman and CEO, will step down after the acquisition.