U.S. Wireless Data Inc. announces termination of transaction negotiations
BOULDER, Colo.--(BUSINESS WIRE)--May 12, 1995--U.S. Wireless Data Inc. (NASDAQ:USWDA) Friday reported that negotiations that had been in progress since November 1994 regarding a transaction that would have provided the company with necessary operating capital, have been terminated.
As a result, the company does not currently have the resources necessary to finance its business operations and obligations. The company is currently exploring all options available to it.
CONTACT: U.S. Wireless Data Inc., Boulder
Mike Brisnehan, 303/440-5464
or
The Financial Relations Board Inc.
Jody Martin and Daniel Saks, 310/571-9195 (general info)
Moira Conlon, 310/571-9185 (analyst contact)
Darcy Bretz, 312/266-7800 (media contact)
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