Eagle-ClearWorks.net Merger Free And Clear.(Company Business and Marketing)(Brief Article)

Wireless Week, February, 2001

The shareholders for Eagle Wireless International Inc. and ClearWorks.net Inc. have spoken and they've given their approval for the two companies to merge. The merger calls for ClearWorks.net shareholders to receive four shares of Eagle Wireless common stock for every five common shares of ClearWorks.net that they own.

In addition, Eagle Wireless will assume all outstanding ClearWorks.net warrants and options, based on the same ratio.

"With the merger of our two companies, we've created a "new" mid-cap company that will be a broadband industry leader with the potential of attracting major financing in the future," says Dean Cubley, Eagle's president and CEO.