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While Pegasus Wireless Corp. Announce Law Suits, Others Enter Into an Agreement with Easyknit Enterprises Holdings Limited, Return to WIFI Communications Market, Have Been Contracted by AWK Aussenwerbung GmbH, Partner up with EMCORE Corporation, and Have Received a Letter from the Food Safety and Inspection Service.

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M2 PRESSWIRE-4 December 2006-Stockguru.com: While Pegasus Wireless Corp. Announce Law Suits, Others Enter Into an Agreement with Easyknit Enterprises Holdings Limited, Return to WIFI Communications Market, Have Been Contracted by AWK Aussenwerbung GmbH, Partner up with EMCORE Corporation, and Have Received a Letter from the Food Safety and Inspection Service(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:03122006

Dallas, Texas - StockGuru Pre-Market Updates for Monday include Tasker Products Corp. (OTCBB TKER), WorldWater & Power Corporation (OTCBB WWAT), NeoMedia Technologies, Inc. (OTCBB NEOM), Diamond I, Inc. (OTCBB DNOIE), Wits Basin Precious Minerals, Inc. (OTCBB WITM), and Pegasus Wireless Corp. (OTCBB PGWC). StockGuru Pre-Market Updates feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock.

If you would like to feature your publicly traded company in our alerts or on StockGuru.com, email feature@stockguru.com or call (469)252-3031.

Pegasus Wireless Corp. (OTCBB PGWC) Friday's market went down 11.02% to $0.5250 per share, with a total of 1,252,271 shares traded. The company, the original law firm to file a class action lawsuit on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of Pegasus Wireless Corp. between December 22, 2005 and September 5, 2006, announces that shareholders have only 39 days left to move the court to be appointed lead plaintiff. Shareholders who wish to serve as a lead plaintiff must act by January 8,2006. If you would like to discuss your legal rights, you may e-mail or call KGS, without obligation or cost to you. You may contact Managing Partner Lewis Kahn of KGS direct, toll free 1-866-467-1400, ext., 100, or 504-648-1850, or by email at lewis.kahn@kglg.com. You may also visit http://www.kglg.com/case/case.asp?lngCaseId=4947 to view a copy of the lawsuit.

Pegasus Wireless Corp. engages in design, manufacture, and marketing of wireless hardware and software solutions for broadband fixed, portable networking, and Internet access worldwide. It offers various products in three major application areas: indoor and outdoor wireless networking, industrial wireless networking solutions, and wireless multimedia/video networking solutions. The company offers AVCW series of outdoor wireless Ethernet bridge products, which are used by Internet service providers to offer Internet access to their customers wirelessly. The AVCW series of products are also used by business customers and schools to interconnect computer networks in various buildings. Pegasus Wireless also offers ASR and ACR indoor wireless products, which are used in the wireless local area networks by office and home users to interconnect computers without having to deploy cables. ASR and ACR indoor wireless products are also used to enable wireless printing, connecting computers, and network printers. In addition, it offers WiSER series wireless serial radios that are used by teachers in schools to wirelessly interconnect...

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