ORANGE, Calif.-Worldwide Wireless Networks Inc. said the Securities and Exchange Commission approved a $20 million equity line of credit. The high-speed Internet access company also reported it reduced liabilities by $1.8 million from inventory reduction.
“Even though we have secured this equity line, we continue to evaluate other financing options and are not relying solely on it to meet our short- and long-term funding needs.” said Jerry Collazo, the company’s president and acting chief executive officer.
