Aarow Flies Out of State

Oklahoma City-based AARO Broadband Wireless Communications Inc., a wholly owned subsidiary of Aarow Environmental Group Inc., showed growth in its first quarterly report since the parent company left Northwest Arkansas.

It recorded revenue of $13,255 during a two-month stretch following its most recent merger. During the whole first quarter of 2000, it had a net loss of $19,349. That compares to a net loss of $56,143 for 1999’s first quarter.

After a recent merger with Global Wireless Technologies, Aarow’s interests are now centered on providing wireless connectivity up to 100 MBps. But, the foundering company has undergone numerous strategy and location changes.

Started privately in the 1970s as Holiday Resorts International Inc., the company was reincorporated in April 1980 as Rendezvous Trails of America Inc. From 1986 to 1995, the then Nevada-chartered resort and travel firm barely conducted operations.

Rain Forest Moose Ltd., an unrelated Arkansas corporation focused on poultry waste management, was formed in March 1994 in Springdale. By February 1996, RTA had already merged with Aarow Environmental. In March of 1996, a reverse acquisition made Rain Forest Moose a wholly-owned subsidiary of Aarow.

The entire group’s name was changed in 1998 to Aarow. Then, on Sept. 2, 1999, the waste manager bought out Utica Publishing Corp., a Spanish-language publishing company, and relocated to Rogers. The most recent merger came in May.

Aarow has defaulted on several bank notes including a $60,000 loan from Springdale Bank & Trust Co. that defaulted Dec. 31, 1998. That note was renewed, but fell back into default in February.