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7 pts

Opinion on  Wavelit Inc. (WAVL)
A multi-subsidiary company in multiple high profile markets

Aug 28, 2008 02:49 AM GMT
Waterfall
Return Risk
-17.62% HIGH
Associate

Recent News  

Wavelit ( http:// www.wavelit.com  ) has grown recently from a video site similar to YouTube, with live feeds of Africa, Birds nests and more, into what most might consider a holding company or business development company.

A look through their filings reveals a number of interesting subsidiaries: unmanned aerial vehicles, tv production and editing, and what appears to be an endeavor into electric vehicles, although unconfirmed at this point. (Source: http://investorshub.advfn.com/boards/read_msg.aspx?message_id... )  The next filing and perhaps in some future news release we may get confirmation of this.

In addition to the wavelit.com video feed and broadcasting network, Wavelit offers their software systems for sale as well, adding to their revenue stream.

Precision Aviation, Inc. (PAI) ( http:// www.precisionuav.com  )  is in the business of developing, manufacturing and marketing Unmanned Aerial Vehicles (UAVs) for aerial surveillance and scanning missions. PAI markets these production and custom UAVs to civilian, industrial, governmental, policing and military clients.

The most recent press release expands on PAI with a manufacturing facility of their own along with both a brick and mortar store front ( http://preview.tinyurl.com/6yhfy6 )  as well as an established ecommerce site.

Steam Horizon Media, Inc. ( http://www.streamhorizon.com ) - taken from their website:

Stream Horizon Studios is at the forefront of the Broadband Media Streaming revolution.

Headquartered in downtown Vancouver, Stream Horizon Media utilizes industry leading technologies in producing seamless encoded video that provides an unparalleled level of streaming quality over the Internet.

Our world-class productions are powered by proprietary software and technologies that replace expensive studio equipment required for conventional broadcasting. This allows Stream Horizon to offer the highest quality production available, at a fraction of big studio costs.

Stream Horizon Media has positioned itself to provide new and innovative solutions in content gathering and distribution, providing a comprehensive range of affordable services tailored to suit your needs.

Current share structure of 46m shares issued and outstanding and approximately 2.9m shares in the float (as of 21.Aug.08)


Update 09/18:

Wavelit, Inc. Announces Spin-Off of Subsidiaries
Wednesday September 17, 12:09 pm ET


LOS ANGELES, Sept. 17 /PRNewswire-FirstCall/ -- Wavelit, Inc. (OTC Bulletin Board: WAVL - News) announces today its intention to spin-off three of its wholly owned subsidiaries: Galaxy Networks, Inc., Galaxy US Networks, Inc. and Stream Horizon Studios, Inc. pro-rata to all of the Company's public stockholders.
 
According to CEO Kent Vaesen, "the spin-off of these subsidiaries will greatly assist in the restructuring of the company from an organizational and financial stand point and provide an upside to our share holders by giving them pro-rata interest in each spin-off company."

About Wavelit, Inc.

Wavelit's products and services incorporate 3rd Generation streaming video technology and proprietary software to provide video streaming capabilities that allow a TV quality signal to be sent over the Internet or stored locally. Wavelit has developed technology that makes streaming of digital video easy, fast and cost effective and includes tracking software that lets customers know who views their video communications, the length of time they view it and, in the case of archived video, how many times they view it. This information is available for utilization by specific billing and action tracking applications.

Forward-Looking Statements

Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
--------------------------------------------------------------------------------
Source: Wavelit, Inc.


WAVL:  This call was made on 08/28/08 @ $0.072
Rating:   Positive   $0.072 (08/28/08)
Gain/Loss:   n/a in 465 days


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