PGWC Rings In Controversy At NASDAQ’s Opening Bell.

Today, Pegasus Wireless Corporation (NASDAQ: PGWC $5.17) announced that the Company’s President, Jasper Knabb, will be ringing the NASDAQ opening bell in Times Square on Friday, July 21, 2006, at 9:30 AM Eastern Standard Time.

The event is telecasted daily on CNBC’s Squawk Box. has published two reports, titled “PGWC and Jasper Knabb: A Match Made In Penny-Stock Heaven” and “Meet PGWC’s Picture Perfect CFO” that provide some background information on Mr. Knabb and PGWC’s accounting and financial comptrollership.

The reports contain information that raises questions about PGWC’s management, but even more serious questions about NASDAQ diligence in selecting companies for this promotion.

Media inquiries can be submitted to reports are published and distributed solely and exclusively to registered subscribers who have read and agreed to the Mandatory User Agreement located at /?page_id=25. This Mandatory User Agreement is included herein in its entirety by reference thereto and by notice of its availability.

Posted in Pegasus Wireless Corporation

Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
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