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Broadband Wireless International Corporation Files 10KSB

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[ Business]

Broadband Wireless International Corporation revealed today that on Thursday August 19, 2004, the company filed its 10KSB for the year ending March 31, 2004.

The cut off time with NASDAQ on the final day of filing is 5:30 Eastern Standard Time (EST). The company’s 10KSB was filed prior to that time, however the daily list announcing the deletions, additions and changes in trading status had been released before the deadline. Once our report was filed, the company contacted NASDAQ, informed them of the on time filing and provided them with the Edgar acceptance codes.

The Company verified with NASDAQ’s OTCC Compliance desk this morning that the Company will be reinstated to the Bulletin Board tomorrow morning as BBANE. The “E” will be removed once the Company files its June 30 10QSB. We anticipate the 10Q will be filed by Monday August 30, 2004.

The Company also announced in an 8k filing last Thursday, that Shelly International CPA, of Mesa, Arizona, has been named the new auditor of record for the Company.

“With our strong new management team, financial staff and our new auditor (who is approved by PACBOA) all future filings for the company will be on time,” stated Michael Williams, Chairman of the Board.

Additionally, the company announced that a special shareholders meeting will take place in Las Vegas, Nevada; tentatively scheduled for the end of September. The actual date will be announced later once the proxy statement is ready to be filed.

Broadband Wireless International Corporation Files 10KSB
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