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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
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      AND EXCHANGE COMMISSION</strong></font></div>
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      DC 20549</strong></font></div>
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      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PURSUANT
      TO SECTION 13 OR 15(d)</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>OF
      THE SECURITIES EXCHANGE ACT OF 1934</strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>DATE
      OF EARLIEST REPORTED EVENT - AUGUST 3, 2006</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
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      AGE COMMUNICATIONS, INC.</strong></font></div>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong><font size="2"><u>NEVADA</u></font></strong></div>
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            <td width="2%">&#160;</td>
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            <td width="2%">&#160;</td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><strong><font size="2"><u>98-0336674</u></font></strong></div>
            </td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(State
                or other jurisdiction
                of&#160;incorporation)</font></div>
            </td>
            <td width="2%">&#160;</td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(Commission
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">File
                Number)</font></font></div>
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            <td width="2%">&#160;</td>
            <td width="32%">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font size="2">(IRS
                Employer Identification
                Number)</font></div>
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            <td width="32%">&#160;</td>
            <td width="2%">&#160;</td>
            <td width="32%">&#160;</td>
            <td width="2%">&#160;</td>
            <td width="32%">&#160;</td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>6200
      Tomken Road, Unit A</u></strong></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions: </font></div>
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            <td align="left" valign="middle" width="70%">&#160;</td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="top" width="70%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
                communications pursuant to Rule&#160;425 under the Securities
                Act</font></div>
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          <tr>
            <td align="left" valign="middle" width="2%">&#160;</td>
            <td align="left" valign="middle" width="70%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="top" width="70%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
                material pursuant to Rule&#160;14a-12 under the Exchange
                Act</font></div>
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          <tr>
            <td align="left" valign="middle" width="2%">&#160;</td>
            <td align="left" valign="middle" width="70%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="top" width="70%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule&#160;14d-2(b) under the Exchange
                Act</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="middle" width="2%">&#160;</td>
            <td align="left" valign="middle" width="70%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="2%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="top" width="70%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
                communications pursuant to Rule&#160;13e-4(c) under the Exchange
                Act</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div>
      <hr style="MARGIN-TOP: -5px; COLOR: #000000" noshade size="1">
      <hr style="MARGIN-TOP: -13px; COLOR: #000000" noshade size="4">
    </div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
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      <div id="HDR">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Table
      of Contents</u></strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                  1.01:</strong></font></div>
              </td>
              <td width="1%">&#160;</td>
              <td align="left" valign="top" width="89%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
                  into a Material Definitive Agreement</strong></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">&#160;</td>
              <td width="1%">&#160;</td>
              <td align="left" valign="top" width="89%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                  3.02:</strong></font></div>
              </td>
              <td width="1%">&#160;</td>
              <td align="left" valign="top" width="89%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Unregistered
                  Sales of Equity Securities</strong></font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">&#160;</td>
              <td width="1%">&#160;</td>
              <td align="left" valign="top" width="89%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
                  5.03:</strong></font></div>
              </td>
              <td width="1%">&#160;</td>
              <td align="left" valign="top" width="89%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Amendments
                  to Articles of Incorporation or Bylaws; Change in Fiscal
                  Year</strong></font></div>
              </td>
            </tr>

        </table>
      </div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
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      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">-2-</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 54pt; TEXT-INDENT: -54pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01:</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Entry
      into a Material Definitive Agreement.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Preferred
      Stock Purchase Agreement and Warrants</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      August
      3, 2006, Wireless Age Communications, Inc. (the &#8220;Company&#8221;) entered into a
      Preferred Stock Purchase Agreement (the &#8220;Purchase Agreement&#8221;) with Barron
      Partners LP (the &#8220;Investor&#8221;), pursuant to which the Investor acquired Series A
      Preferred Shares (the &#8220;Preferred Stock&#8221;) and warrants to purchase shares of the
      Company&#8217;s common stock. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At
      the
      closing of the Purchase Agreement on August 3, 2006 (the &#8220;Closing&#8221;), the Company
      received $1,000,000 cash from the Investor and issued 7,142,900 Series A
      Preferred Shares and warrants to purchase 7,500,000 common shares at a purchase
      price of $0.25 per share (the &#8220;A Warrant&#8221;) and 7,500,000 common shares at a
      purchase price of $0.50 per share ( the &#8220;B Warrant&#8221; and together with the A
      Warrant, the &#8220;Warrants&#8221;). In the event Warrants are fully exercised, the
      consideration thereof together with the purchase of the Preferred Stock will
      generate total proceeds of $6.625 million to the Company (including amounts
      received to date). </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      common stock issuable under the conversion terms of the Preferred Stock and
      the
      exercise of the Warrants results in an average purchase price equivalent to
      $0.30 per common share. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Warrants shall remain exercisable until August 3, 2011 or until eighteen months
      after the effectiveness of a Registration Statement subsequent to August 3,
      2006
      (such eighteen months to be extended by one month for each month or portion
      of a
      month during which a Registration Statement&#8217;s effectiveness has lapsed or been
      suspended). The Warrants may be exercised, under certain conditions, on a
      cashless basis by tendering to the Company an amount of shares of Company common
      stock equal to the exercise price thereof. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Warrants contain a callable feature until August 3, 2008 requiring automatic
      exercise at any time prior to the expiration date if the closing public market
      price of the Company&#8217;s common stock is equal to or in excess of the callable
      price of $.50 for the A Warrant, and $1.00 for the B Warrant, for a period
      of
      twenty (20) consecutive business days and there is an effective Registration
      Statement covering the shares of Company common stock underlying the Warrants.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      exercise prices for the Warrants shall be subject to the same proportional
      and
      percentage adjustments as the Conversion Price of the Preferred Stock, described
      below, in respect of the Company&#8217;s earnings per share for the fiscal years ended
      2006 and 2007. The earnings per share of the Company with regard to fiscal
      2006
      shall be determined by reference to earnings on a pre tax fully diluted basis
      as
      reported for the audited fiscal year ended from continuing operations, including
      the Wireless Works division after September 30, 2006, but before any
      non-recurring items and effects of (i) a receivable from Midland International
      Corp., and (ii) the issuance of bonus shares of Company common stock which
      may
      be granted and issued to the Company&#8217;s CEO and to the President of the Company&#8217;s
      subsidiary mmWave Technologies Inc. (&#8220;2006 Earnings Per Share&#8221;). In respect of
      fiscal 2007, earnings per share of the Company shall be determined by reference
      to pre tax fully diluted basis as reported for the audited fiscal year ended
      December 31, 2007 from continuing operations including the Wireless Works
      division, but before any non-recurring items (&#8220;2007 Earnings Per Share&#8221;). In the
      event the Company sells, grants or issues any shares, options, warrants, or
      any
      instrument convertible into shares or equity in any form below the current
      exercise price per share of the respective Warrants, then the current exercise
      price per share for the Warrants shall be reduced to such lower price per share.
      Such reduction shall be made at the time such transaction is
      executed.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Purchase
      Agreement Covenants</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      material terms of the Purchase Agreement include certain covenants by the
      Company (the &#8220;Covenants&#8221;). The Company has agreed to not have any borrowings of
      more than two and half times as much as the sum of the EBITDA from continuing
      operations over the past four quarters while Preferred Stock is outstanding.
      The
      Company has also agreed to significant restrictions with respect to the issuance
      of additional securities while any of the Preferred Stock is outstanding. The
      Company, at any time while the Series A Preferred Stock is outstanding, shall
      not issue rights, options or warrants to holders of common stock entitling them
      to subscribe for or purchase shares of common stock at a price per share less
      than the conversion value initially set at $0.14 per share of common stock,
      subject to adjustment, as described below.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
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      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">-3-</font></div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Covenants also place restrictions on the composition of the Company&#8217;s Board of
      Directors (the &#8220;Board&#8221;). Under the covenants, the Company will increase the
      membership of the Board to five persons. A majority of the Board must be
      qualified independent directors, with a majority of outside directors serving
      on
      the audit and compensation committees of the Board, within 30 days of the
      Closing. If anytime after 30 days from Closing the Board shall not be composed
      of a minimum of five directors with the majority being qualified independent
      directors, the Company shall be required to pay the Investor liquidated damages
      consisting of an amount equal to 28% of the Purchase Price per annum, payable
      monthly in cash or Preferred Stock at the option of the Investor. The Company&#8217;s
      current Board intends to appoint additional directors as soon as reasonably
      possible in order to comply with this covenant of the Purchase Agreement.
</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company&#8217;s use of the proceeds from the Purchase Agreement and the Warrants shall
      be utilized for retirement of debt, working capital and acquisitions. At the
      Closing, the Company paid the Investor $75,000 for reimbursement of expenses
      incurred in the course of due diligence. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Insiders
      of the Company, including officers and directors (with certain enumerated
      exceptions) may not sell shares of the Company for the next two years. For
      the
      next five years, the Board must unanimously approve all payments to officers,
      directors, employees and consultants of the Company (other than salary) as
      being
      usual, appropriate and reasonable for comparably situated individuals in
      comparable companies. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">At
      or
      before the next annual meeting of the stockholders of the Company, the Board
      shall propose and submit to the holders of the Company&#8217;s common stock for
      approval, an amendment to the Company&#8217;s Certificate of Incorporation that
      provides substantially as follows:</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      terms
      and conditions of any rights, options and warrants approved by the Board of
      Directors may provide that any or all of such terms and conditions may be waived
      or amended only with the consent of the holders of a designated percentage
      of a
      designated class or classes of capital stock of the Corporation (or a designated
      group or groups of holders within such class or classes, including but not
      limited to disinterested holders), and the applicable terms and conditions
      of
      any such rights, options or warrants so conditioned may not be waived or amended
      absent such consent.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Registration
      Rights Agreement</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company and the Investor have entered into a Registration Rights Agreement
      (the
&#8220;Registration Rights Agreement&#8221;) pursuant to which the Company has agreed to
      include on a registration statement, to be filed with the U.S. Securities and
      Exchange Commission, those shares of the Company&#8217;s common stock underlying the
      Preferred Stock and the Warrants. The Company must file and cause the
      effectiveness of the Registration Statement within 150 days and maintain the
      effectiveness for a minimum of two years. If the Registration Statement is
      not
      effective and maintained effective during such period, the Company will be
      subject to liquidated damages of 6,570 shares of Preferred Stock for each day
      that the Registration Statement is not effective, subject to a maximum of
      3,333,333 shares of Preferred Stock. The Investor may demand at any time the
      registration of all of its Registrable Securities, consisting of all the shares
      of common stock underlying the Preferred Stock and all of the shares of common
      stock underlying the Warrants. The Company will also provide the Investor with
      piggy-back registration rights for any other registrations and priority in
      incidental registrations. The Company will pay all expenses related to the
      Registration Statement. The Company and the Investor will provide each other
      with mutual indemnities in respect of the Registration Statement, provided,
      however, The indemnification by the Investors shall be limited to Fifty Thousand
      ($50,000) Dollars. The Registration Rights Agreement is assignable by the
      Investor. The Registration Statement obligations of the Company will continue
      until Investor (or his assigns) no longer holds more than five percent (5%)
      of
      its shares of Registrable Securities.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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      </div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Certificate
      of Designations</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the terms of the Purchase Agreement, the Company filed a Certificate of
      Designations of Preferences, Rights and Limitations of Series A Convertible
      Preferred Stock (&#8220;Certificate of Designations&#8221;) regarding the Preferred Stock
      with the Secretary of State of the State of Nevada. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Under
      the
      terms of the Certificate of Designations, each share of Series A Preferred
      Stock, par value $.001 per share, is convertible into one share of the Company&#8217;s
      common stock, at a conversion value initially set at $0.14 per share of common
      stock (the &#8220;Conversion Price&#8221;). The Investor may convert the Series A Preferred
      Stock at any time. No dividends shall be payable with respect to the Preferred
      Stock, or any other common stock of the Company while the Preferred Stock is
      outstanding. The Preferred Stock shall have no voting rights; however, as long
      as Preferred Stock is outstanding, the Company shall be restricted from taking
      certain actions enumerated in the Certificate of Designations. Upon any
      liquidation, dissolution or winding-up of the Company, whether voluntary or
      involuntary, the holders of the Preferred Stock shall be entitled to receive,
      for each share of Series A Preferred Stock an amount equal to $0.14. A change
      of
      control of the Company may, at the discretion of the Investor (or his assigns)
      be treated either as a liquidation or be subject to automatic
      conversion.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Conversion Price of the Preferred Stock will be subject to reduction adjustment
      if for the year-ended December 31, 2006 the Company earns, on a fully diluted
      pre-tax basis, between $0.006 and $0.012 per share from continuing operations
      but before non-recurring items. If the Company&#8217;s 2006 Earnings Per Share are
      equal to or less than $0.006 per share for the year-ended December 31, 2006,
      the
      Conversion Price will be reduced by 50%. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      the
      event the Company&#8217;s 2007 Earnings Per Share are between $0.034 and $0.069,
      t</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">he
      Conversion Price will be subject to proportionate reduction adjustment. In
      the
      event the Company&#8217;s 2007 Earnings Per Shareare equal to or less than $0.034 per
      share, the Conversion Price will be reduced by 50%. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      the
      Company fails to comply with a conversion request of the Investor, the Company
      will be subject to liquidated damages for each $5,000 of conversion value of
      Series A Preferred Stock being converted, of $200 per trading day (increasing
      to
      $400 per trading day after three (3) trading days and increasing to $800 per
      trading day six (6) trading days after such damages begin to accrue) for each
      trading day after the share delivery date until such certificates are delivered.
      The Company shall also be subject to buy-in liabilities and any damages
      sustained by the Investor if the Company fails to deliver the conversion shares
      within the specified delivery date requirements. The Preferred Stock is subject
      to adjustment for changes in share capitalization due to stock dividends, stock
      splits and stock reverse-splits. This adjustment shall be calculated with
      respect to the Conversion Value that shall be multiplied by a fraction of which
      the numerator shall be the number of shares of common stock outstanding before
      any such event and of which the denominator shall be the number of shares of
      common stock outstanding after such event. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>Beneficial
      Ownership Limitation</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Except
      in
      the case of a change in control of the Company, the Investor is subject to
      a
      limitation in respect of conversion of the Series A Preferred Stock and exercise
      of the Warrants if such conversion and/or exercise would cause the Investor
      to
      beneficially own in excess of 4.9% of the number of shares of the common stock
      outstanding immediately after giving effect to such conversion. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.02:</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Unregistered
      Sales of Equity Securities.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      August
      3, 2006, the Company entered into the Purchase Agreement, and thereby was
      granted the Preferred Stock and the Warrants as described in Item 1.01 above
      and
      incorporated herein by reference thereto.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Company entered into the aforementioned transaction in reliance upon the
      exemption from securities registration afforded by Section 4(2) of the U.S.
      Securities Act of 1933, as amended, and the rules and regulations promulgated
      thereunder, including Rule 506 of Regulation D. The Investor has represented
      in
      the Purchase Agreement that they are an "accredited investor" (as defined in
      Rule 501 of Regulation D)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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        </div>
      </div>
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      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      5.03:</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Amendments
      to Articles of Incorporation or Bylaws; Change in Fiscal
      Year.</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      connection with the Closing of the Purchase Agreement, the Company filed a
      Certificate of Designations regarding the Preferred Stock with the Secretary
      of
      State of the State of Nevada, as described in Item 1.01 and incorporated herein
      by reference thereto. In addition, the Board has agreed to propose and submit
      to
      the holders of the Company&#8217;s common stock for approval, an amendment to the
      Company&#8217;s Certificate of Incorporation that provides substantially as described
      in Item 1.01 above. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">#</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">#</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">#</font></div>
    <div>&#160;</div>
    <div><br>&#160;</div>
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
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      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, Wireless Age
      Communications, Inc. has duly caused this report to be signed on its behalf
      by
      the undersigned, thereunto duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                AGE COMMUNICATIONS, INC.</strong></font></div>
            </td>
          </tr>
          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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          <tr valign="top" bgcolor="#ffffff">
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Dated:
              August 9, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">/s/&#160;Gary
              N.
              Hokkanen</font></td>
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            <td align="left">
              <hr style="COLOR: black" align="left" noshade size="2" width="80%"><font size="2">Name:
              Gary N. Hokkanen</font></td>
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                Chief Financial Officer</font></div>
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{"company-data": {"conformed-name": "WIRELESS AGE COMMUNICATIONS INC", "cik": "0001130131", "assigned-sic": "5731", "irs-number": "980336674", "state-of-incorporation": "NV", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-31338", "film-number": "061016852"}, "business-address": {"street1": "1150 ROSE STREET", "street2": "REGINA", "city": "REGINA", "state": "A9", "zip": "S49 1Z6", "phone": "(306) 539-1666"}, "mail-address": {"street1": "1150 ROSE STREET", "street2": "REGINA", "city": "REGINA", "state": "A9", "zip": "S49 1Z6"}, "former-company": {"former-conformed-name": "LENNOC VENTURES INC", "date-changed": "20001215"}}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      DC 20549
FORM
      8-K
CURRENT
      REPORT
PURSUANT
      TO SECTION 13 OR 15(d)
OF
      THE SECURITIES EXCHANGE ACT OF 1934
DATE
      OF EARLIEST REPORTED EVENT - AUGUST 3, 2006
WIRELESS
      AGE COMMUNICATIONS, INC.
(Exact
      name of Registrant as specified in its charter)
NEVADA
001-31338
98-0336674
(State
                or other jurisdiction
                of incorporation)
(Commission
File
                Number)
(IRS
                Employer Identification
                Number)
6200
      Tomken Road, Unit A
Mississauga,
      Ontario Canada L5T 1X7
(Address
      of principal executive offices)
(905)
      696-2850
(Registrant's
      telephone number, including area code)
N/A
(Former
      name or former address, if changed since last report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:
o
Written
                communications pursuant to Rule 425 under the Securities
                Act
o
Soliciting
                material pursuant to Rule 14a-12 under the Exchange
                Act
o
Pre-commencement
                communications pursuant to Rule 14d-2(b) under the Exchange
                Act
o
Pre-commencement
                communications pursuant to Rule 13e-4(c) under the Exchange
                Act
Table
      of Contents
Item
                  1.01:
Entry
                  into a Material Definitive Agreement
Item
                  3.02:
Unregistered
                  Sales of Equity Securities
Item
                  5.03:
Amendments
                  to Articles of Incorporation or Bylaws; Change in Fiscal
                  Year
-2-
Item
      1.01:
Entry
      into a Material Definitive Agreement.
Preferred
      Stock Purchase Agreement and Warrants
On
      August
      3, 2006, Wireless Age Communications, Inc. (the "Company") entered into a
      Preferred Stock Purchase Agreement (the "Purchase Agreement") with Barron
      Partners LP (the "Investor"), pursuant to which the Investor acquired Series A
      Preferred Shares (the "Preferred Stock") and warrants to purchase shares of the
      Company's common stock.
At
      the
      closing of the Purchase Agreement on August 3, 2006 (the "Closing"), the Company
      received $1,000,000 cash from the Investor and issued 7,142,900 Series A
      Preferred Shares and warrants to purchase 7,500,000 common shares at a purchase
      price of $0.25 per share (the "A Warrant") and 7,500,000 common shares at a
      purchase price of $0.50 per share ( the "B Warrant" and together with the A
      Warrant, the "Warrants"). In the event Warrants are fully exercised, the
      consideration thereof together with the purchase of the Preferred Stock will
      generate total proceeds of $6.625 million to the Company (including amounts
      received to date).
The
      common stock issuable under the conversion terms of the Preferred Stock and
      the
      exercise of the Warrants results in an average purchase price equivalent to
      $0.30 per common share.
The
      Warrants shall remain exercisable until August 3, 2011 or until eighteen months
      after the effectiveness of a Registration Statement subsequent to August 3,
      2006
      (such eighteen months to be extended by one month for each month or portion
      of a
      month during which a Registration Statement's effectiveness has lapsed or been
      suspended). The Warrants may be exercised, under certain conditions, on a
      cashless basis by tendering to the Company an amount of shares of Company common
      stock equal to the exercise price thereof.
The
      Warrants contain a callable feature until August 3, 2008 requiring automatic
      exercise at any time prior to the expiration date if the closing public market
      price of the Company's common stock is equal to or in excess of the callable
      price of $.50 for the A Warrant, and $1.00 for the B Warrant, for a period
      of
      twenty (20) consecutive business days and there is an effective Registration
      Statement covering the shares of Company common stock underlying the Warrants.
The
      exercise prices for the Warrants shall be subject to the same proportional
      and
      percentage adjustments as the Conversion Price of the Preferred Stock, described
      below, in respect of the Company's earnings per share for the fiscal years ended
      2006 and 2007. The earnings per share of the Company with regard to fiscal
      2006
      shall be determined by reference to earnings on a pre tax fully diluted basis
      as
      reported for the audited fiscal year ended from continuing operations, including
      the Wireless Works division after September 30, 2006, but before any
      non-recurring items and effects of (i) a receivable from Midland International
      Corp., and (ii) the issuance of bonus shares of Company common stock which
      may
      be granted and issued to the Company's CEO and to the President of the Company's
      subsidiary mmWave Technologies Inc. ("2006 Earnings Per Share"). In respect of
      fiscal 2007, earnings per share of the Company shall be determined by reference
      to pre tax fully diluted basis as reported for the audited fiscal year ended
      December 31, 2007 from continuing operations including the Wireless Works
      division, but before any non-recurring items ("2007 Earnings Per Share"). In the
      event the Company sells, grants or issues any shares, options, warrants, or
      any
      instrument convertible into shares or equity in any form below the current
      exercise price per share of the respective Warrants, then the current exercise
      price per share for the Warrants shall be reduced to such lower price per share.
      Such reduction shall be made at the time such transaction is
      executed.
Purchase
      Agreement Covenants
The
      material terms of the Purchase Agreement include certain covenants by the
      Company (the "Covenants"). The Company has agreed to not have any borrowings of
      more than two and half times as much as the sum of the EBITDA from continuing
      operations over the past four quarters while Preferred Stock is outstanding.
      The
      Company has also agreed to significant restrictions with respect to the issuance
      of additional securities while any of the Preferred Stock is outstanding. The
      Company, at any time while the Series A Preferred Stock is outstanding, shall
      not issue rights, options or warrants to holders of common stock entitling them
      to subscribe for or purchase shares of common stock at a price per share less
      than the conversion value initially set at $0.14 per share of common stock,
      subject to adjustment, as described below.
-3-
The
      Covenants also place restrictions on the composition of the Company's Board of
      Directors (the "Board"). Under the covenants, the Company will increase the
      membership of the Board to five persons. A majority of the Board must be
      qualified independent directors, with a majority of outside directors serving
      on
      the audit and compensation committees of the Board, within 30 days of the
      Closing. If anytime after 30 days from Closing the Board shall not be composed
      of a minimum of five directors with the majority being qualified independent
      directors, the Company shall be required to pay the Investor liquidated damages
      consisting of an amount equal to 28% of the Purchase Price per annum, payable
      monthly in cash or Preferred Stock at the option of the Investor. The Company's
      current Board intends to appoint additional directors as soon as reasonably
      possible in order to comply with this covenant of the Purchase Agreement.
The
      Company's use of the proceeds from the Purchase Agreement and the Warrants shall
      be utilized for retirement of debt, working capital and acquisitions. At the
      Closing, the Company paid the Investor $75,000 for reimbursement of expenses
      incurred in the course of due diligence.
Insiders
      of the Company, including officers and directors (with certain enumerated
      exceptions) may not sell shares of the Company for the next two years. For
      the
      next five years, the Board must unanimously approve all payments to officers,
      directors, employees and consultants of the Company (other than salary) as
      being
      usual, appropriate and reasonable for comparably situated individuals in
      comparable companies.
At
      or
      before the next annual meeting of the stockholders of the Company, the Board
      shall propose and submit to the holders of the Company's common stock for
      approval, an amendment to the Company's Certificate of Incorporation that
      provides substantially as follows:
The
      terms
      and conditions of any rights, options and warrants approved by the Board of
      Directors may provide that any or all of such terms and conditions may be waived
      or amended only with the consent of the holders of a designated percentage
      of a
      designated class or classes of capital stock of the Corporation (or a designated
      group or groups of holders within such class or classes, including but not
      limited to disinterested holders), and the applicable terms and conditions
      of
      any such rights, options or warrants so conditioned may not be waived or amended
      absent such consent.
Registration
      Rights Agreement
The
      Company and the Investor have entered into a Registration Rights Agreement
      (the
"Registration Rights Agreement") pursuant to which the Company has agreed to
      include on a registration statement, to be filed with the U.S. Securities and
      Exchange Commission, those shares of the Company's common stock underlying the
      Preferred Stock and the Warrants. The Company must file and cause the
      effectiveness of the Registration Statement within 150 days and maintain the
      effectiveness for a minimum of two years. If the Registration Statement is
      not
      effective and maintained effective during such period, the Company will be
      subject to liquidated damages of 6,570 shares of Preferred Stock for each day
      that the Registration Statement is not effective, subject to a maximum of
      3,333,333 shares of Preferred Stock. The Investor may demand at any time the
      registration of all of its Registrable Securities, consisting of all the shares
      of common stock underlying the Preferred Stock and all of the shares of common
      stock underlying the Warrants. The Company will also provide the Investor with
      piggy-back registration rights for any other registrations and priority in
      incidental registrations. The Company will pay all expenses related to the
      Registration Statement. The Company and the Investor will provide each other
      with mutual indemnities in respect of the Registration Statement, provided,
      however, The indemnification by the Investors shall be limited to Fifty Thousand
      ($50,000) Dollars. The Registration Rights Agreement is assignable by the
      Investor. The Registration Statement obligations of the Company will continue
      until Investor (or his assigns) no longer holds more than five percent (5%)
      of
      its shares of Registrable Securities.
-4-
Certificate
      of Designations
Pursuant
      to the terms of the Purchase Agreement, the Company filed a Certificate of
      Designations of Preferences, Rights and Limitations of Series A Convertible
      Preferred Stock ("Certificate of Designations") regarding the Preferred Stock
      with the Secretary of State of the State of Nevada.
Under
      the
      terms of the Certificate of Designations, each share of Series A Preferred
      Stock, par value $.001 per share, is convertible into one share of the Company's
      common stock, at a conversion value initially set at $0.14 per share of common
      stock (the "Conversion Price"). The Investor may convert the Series A Preferred
      Stock at any time. No dividends shall be payable with respect to the Preferred
      Stock, or any other common stock of the Company while the Preferred Stock is
      outstanding. The Preferred Stock shall have no voting rights; however, as long
      as Preferred Stock is outstanding, the Company shall be restricted from taking
      certain actions enumerated in the Certificate of Designations. Upon any
      liquidation, dissolution or winding-up of the Company, whether voluntary or
      involuntary, the holders of the Preferred Stock shall be entitled to receive,
      for each share of Series A Preferred Stock an amount equal to $0.14. A change
      of
      control of the Company may, at the discretion of the Investor (or his assigns)
      be treated either as a liquidation or be subject to automatic
      conversion.
The
      Conversion Price of the Preferred Stock will be subject to reduction adjustment
      if for the year-ended December 31, 2006 the Company earns, on a fully diluted
      pre-tax basis, between $0.006 and $0.012 per share from continuing operations
      but before non-recurring items. If the Company's 2006 Earnings Per Share are
      equal to or less than $0.006 per share for the year-ended December 31, 2006,
      the
      Conversion Price will be reduced by 50%.
In
      the
      event the Company's 2007 Earnings Per Share are between $0.034 and $0.069,
      t
he
      Conversion Price will be subject to proportionate reduction adjustment. In
      the
      event the Company's 2007 Earnings Per Shareare equal to or less than $0.034 per
      share, the Conversion Price will be reduced by 50%.
If
      the
      Company fails to comply with a conversion request of the Investor, the Company
      will be subject to liquidated damages for each $5,000 of conversion value of
      Series A Preferred Stock being converted, of $200 per trading day (increasing
      to
      $400 per trading day after three (3) trading days and increasing to $800 per
      trading day six (6) trading days after such damages begin to accrue) for each
      trading day after the share delivery date until such certificates are delivered.
      The Company shall also be subject to buy-in liabilities and any damages
      sustained by the Investor if the Company fails to deliver the conversion shares
      within the specified delivery date requirements. The Preferred Stock is subject
      to adjustment for changes in share capitalization due to stock dividends, stock
      splits and stock reverse-splits. This adjustment shall be calculated with
      respect to the Conversion Value that shall be multiplied by a fraction of which
      the numerator shall be the number of shares of common stock outstanding before
      any such event and of which the denominator shall be the number of shares of
      common stock outstanding after such event.
Beneficial
      Ownership Limitation
Except
      in
      the case of a change in control of the Company, the Investor is subject to
      a
      limitation in respect of conversion of the Series A Preferred Stock and exercise
      of the Warrants if such conversion and/or exercise would cause the Investor
      to
      beneficially own in excess of 4.9% of the number of shares of the common stock
      outstanding immediately after giving effect to such conversion.
Item
      3.02:
Unregistered
      Sales of Equity Securities.
On
      August
      3, 2006, the Company entered into the Purchase Agreement, and thereby was
      granted the Preferred Stock and the Warrants as described in Item 1.01 above
      and
      incorporated herein by reference thereto.
The
      Company entered into the aforementioned transaction in reliance upon the
      exemption from securities registration afforded by Section 4(2) of the U.S.
      Securities Act of 1933, as amended, and the rules and regulations promulgated
      thereunder, including Rule 506 of Regulation D. The Investor has represented
      in
      the Purchase Agreement that they are an "accredited investor" (as defined in
      Rule 501 of Regulation D)
-5-
Item
      5.03:
Amendments
      to Articles of Incorporation or Bylaws; Change in Fiscal
      Year.
In
      connection with the Closing of the Purchase Agreement, the Company filed a
      Certificate of Designations regarding the Preferred Stock with the Secretary
      of
      State of the State of Nevada, as described in Item 1.01 and incorporated herein
      by reference thereto. In addition, the Board has agreed to propose and submit
      to
      the holders of the Company's common stock for approval, an amendment to the
      Company's Certificate of Incorporation that provides substantially as described
      in Item 1.01 above.
#
#
#
-6-
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, Wireless Age
      Communications, Inc. has duly caused this report to be signed on its behalf
      by
      the undersigned, thereunto duly authorized.
WIRELESS
                AGE COMMUNICATIONS, INC.
Dated:
              August 9, 2006
By:
/s/ Gary
              N.
              Hokkanen
Name:
              Gary N. Hokkanen
Title:
                Chief Financial Officer
-7-