GOWEX Starts its Listing on NYSE-Euronext

Jun 15, 2010, 08:58 ET from GOWEX Group

PARIS, June 15, 2010 /PRNewswire/ --

- GOWEX, European Leading Company of Internet Mobile That Creates WiFi Cities Start Listing on NYSE-Euronext.

- GOWEX, After Becomes the First Company of Internet Technology and Mobility to be Listed on the MAB Madrid Stock Exchange, Becomes the First, and the Only one, Spanish Company to be a DUAL LISTING on NYSE - Euronext.

GOWEX Group, a Spanish telecommunications and wireless services founded in 1999 and headquartered in Madrid's Paseo de la Castellana has already given its official break parquet stock in the NYSE - Euronext, in Paris.

From 9:00 am today, GOWEX is officially a company listed on the NYSE - Euronext Alternative Stock Market

DUAL LISTING

This "dual listing" has been made by a technical listing of the existing shares of GOWEX.

The process do not involves a capital increase or subscription of new shares.

The starting price has been set at 3.5 euros per share, and it is the same as the one of the capital increase that took place in Spain in March 12th, 2010.

In the capital increase, GOWEX group with Caja Madrid Bolsa as underwriters, have signed up 6 million euros in new shares. The result of Subscription Offer, in which there has been no sale of shares, represents about 15% of free float of the company. The Market Cap of the company is over 40 million euros divided into 11.511 million shares.

GOWEX has selected shareholders based on the commitment of maintaining a shareholder of the company's during a medium-long term.

The information is available to shareholders on the company's web, on NYSE Euronext website, and on MAB Madrid Stock Exchange website.

We further emphasize that GOWEX has no debt, is profitable since 2005, with 2, 9 million euros of Net Profit in 2009 and has been doing business in Telecommunications in four continents, Europe, America, Asia and Africa.

"ALGOW"

The code to continue negotiating the price of GOWEX in Alternext is "ALGOW". The pricing is determined by the modality of "fixing."

All Spanish and foreign shareholders will buy or sell in both markets: at the NYSE- Euronext as well as the MAB Madrid Stock Exchange.

The "listing sponsor" that carried out the operation is Avenir Finance which is the European leader in IPO's on NYSE Euronext to small caps and BNP Paribas Securities Services will become the paying agent in Madrid and Paris.

WiFi Cities

Jenaro Garcia, GOWEX CEO, said, "This milestone will allow us to continue growing in Europe and abroad at the base of our strategy of creating economically sustainable cities and allowing WiFi roaming between all actors." Jenaro grateful for the courage and commitment of his entire team, as he mentions, "it is a large multidisciplinary team on the Internet, telecommunications, financial and marketing media content."

"And thanks to investors, partners and customers, we get leading projects that involve several 'actors' of municipal life in all its sectors (universities, trade associations, companies, kiosks, users, etc...). Through the deployment and management of WiFi networks we will get a market of abundance to increase the benefits for all".

About GOWEX Group

GOWEX Group is a Spanish company, founded in 1999, which operates in the technology sector, Internet mobility and telecommunications, where it occupies a unique position as neutral operator service provider of infrastructure and interconnection of operators. Today is dedicated to two main areas of activity:

    - "GOWEX wireless (the main driver of growth), which provides
      services related to wireless telecommunications consultancy, management
      and operation of WiFi networks, wireless roaming platform and
      advertising operation geo located e-commerce wireless networks.

    - GOWEX Telecom (traditional business), focused on B2B products
      and telecommunications services (bandwidth, data transmission circuits,
      virtual private networks, etc...), through its trading platform.

GOWEX has received the National Award for Innovation in Spain and is vice president of e-Mobility, European private entity that decides standards on mobile communications technology.

Also GOWEX is a member of the Executive Committee of the ITU, an international agency of the United Nations oversees the technological development of developing countries and the Third World, it is the only Spanish SME that has the OSEO ANVAR certification, and created REDSINFRONTERAS.ORG Foundation that promotes the use of technologies and Internet access to disadvantaged groups and geographical areas.

    Contact details GOWEX Group:
    Florencia Mate: fmate@gowex.com
    Telephone: +34-670738579

    Links:
    http://www.lavidawifi.com
    http://www.gowex.com


SOURCE GOWEX Group