SIMI VALLEY, Calif., Aug. 26, 2016 /PRNewswire/ -- On or around August 26, 2016, Airborne Wireless Network (OTC QB: ABWN), a Nevada corporation (the "Company"), became aware of certain promotional activity regarding its common stock.
The Company believes that such activity is due to the Company's press releases and recent filings with the SEC regarding the Company's acquisition of certain intellectual property and the Company's unique business plan, which have attracted attention, including from traders and investment publications.
Recently, the Company's press releases and SEC filings combined with those investment publications seem to have caused an increase in the number of the Company's shares traded and the trading prices of those shares. Accordingly, on August 26, 2016, the Company caused to be prepared and filed with the SEC a Current Report on Form 8-K to keep the markets informed in an accurate and timely manner regarding the Company's current situation.
The Company, its officers, directors, and controlling shareholders (defined as shareholders owning 10% or more of the Company's securities) have not, directly or indirectly, been involved in any way (including payment of a third party) with the creation or distribution of promotional materials related to the Company and its securities.
The Company, its officer, director, or controlling shareholders have not sold or purchased securities within the past 30 days.
The Company has not at any point issued shares or convertible instruments allowing conversion to equity securities at prices constituting a discount to the current market rate at the time of the issuance.
SOURCE Airborne Wireless Network