| On May 15, 2006
First Avenue Networks announced a definitive agreement to
merge with FiberTower Corporation. The transaction closed
on August 30, 2006, with the new company now called FiberTower
Corporation.
Below is information about the merger:
Resources
Additional Information and Where to Find It
In connection with First Avenue's merger with FiberTower,
FiberTower (and previously First Avenue Networks) has filed
relevant materials with the SEC, including an information
statement on Schedule 14C. Investors and security holders
are urged to read these as they contain important information
about First Avenue, FiberTower and the transaction. The information
statement, other relevant materials, and any other documents
filed by FiberTower (and previously First Avenue Networks)
with the SEC, may be obtained free of charge at the SEC's
web site at www.sec.gov.
In addition, investors and security holders may obtain free
copies of the documents filed with the SEC by contacting FiberTower
by directing a written request to: FiberTower Corporation,
99 Wood Avenue South, Suite 201, Iselin, NJ 08830, Attention:
Investor Relations.
No Offer or Solicitation
This communication shall not constitute an offer to sell or
the solicitation of an offer to buy any securities, not shall
there be any sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification, or obtaining an exemption to
such registration or qualification, under the securities laws
of any such jurisdiction.
Forward Looking Statements
Statements included in this news release which are not historical
in nature are "forward-looking statements" within the meaning
of Section 21E of the U.S. Securities Exchange Act of 1934
and the U.S. Private Securities Litigation Reform Act of 1995.
Forward looking statements relate to expectations, beliefs,
projections, future plans and strategies, anticipated events
or trends and similar expressions concerning matters that
are not historical facts. These include, without limitation,
statements regarding expected benefits and value of the contemplated
merger, increased demand for the services, strategy, forecasts
of revenues, earnings estimates, statements regarding contracts,
work or revenue opportunities that may be secured in the future,
and related information, all of which are based on current
factual information and certain assumptions about future events
which management believes to be reasonable at this time. There
are many risks, uncertainties and other factors that can prevent
the achievement of goals or cause results to differ materially
from those expressed or implied by these forward-looking statements
including, without limitation, the proposed transaction not
being consummated, anticipated synergies from the proposed
transaction not being achieved, inherent risks of integrating
two companies, changes in demand for services from external
factors including general economic conditions or changes in
wireless demand or technology affecting network expansion
strategies at and financing opportunities for wireless carriers
and other customers, delays in the award of new work, the
termination or reduction of existing projects due to changes
in the financial condition or business strategies of the wireless
carriers and other customers, dependence on hiring and retaining
professional staff and key personnel, fluctuations in quarterly
results from a variety of internal and external factors including
changes in the estimates with respect to the completion of
fixed-price contracts, lengthy sales cycles especially with
respect to larger contracts that may account for a significant
portion of the anticipated revenues, intense competition in
the marketplace especially from competitors with greater financial
resources and financing capabilities, and those risk factors
described in First Avenue's filings with the Securities and
Exchange Commission, including its most recent Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q.
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