5G Wireless Lands $1.5 Million Deal for Distribution Throughout West Africa.Business Editors/High-Tech Writers MARINA DEL REY Del Rey may refer to:
5G Wireless Communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :FGWC) announced today that it has received a $1.5 million purchase order and distribution agreement to establish international distribution channels for its wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 products throughout West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. . "Our partner is a U.S.-based company with telecom sales and distribution throughout the entire African continent," stated Jerry Dix, 5G Wireless CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Opening up an emerging area as large and rich with potential as this furthers our competitive position and demonstrates our ability to operate as an organization on a global level, and our entry into the West African market is a milestone for 5G Wireless." As West Africa and other international markets mature, the need for economical and easily deployable communications technology for voice and data may increase. We believe that our G-Force(TM) solutions are capable of delivering broadband capabilities economically and faster than copper and fiber. Some of the nations that will benefit from the relationship are Cape Verde, Gambia, Ghana, Guinea, Niger, Nigeria, Senegal and Sierra Leone. Additional information will be released at a later date. "These countries have an opportunity to skip the wiring and cabling activities that have traditionally provided both telephone and Internet access," added Mr. Dix. "It's fantastic that they may be able to jump directly into an advanced wireless solution to foster their economic development." About 5G Wireless Communications, Inc. 5G Wireless Communications, Inc. (www.5gwireless.com), located in Marina del Rey, CA, develops and sells wireless broadband solutions. 5G Wireless customers receive dependable, high-speed Internet access at significantly lower acquisition and implementation costs than most major competitors. 5G Wireless products are distinguished by their exceptional data rate/range, number of concurrent users, line-of-sight capabilities and unique security protocol. These features are particularly significant through 5G Wireless' use of IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 802.11b enhancements for "last mile" roaming and point-to-multi-point networks. For additional information, please visit www.5gwireless.com or call 800-916-1611. Except for the historical information contained herein, the matters set forth in this press release, including the need for communications technology for voice and data of West Africa and other maturing markets and our capability of delivering broadband capabilities economically and faster than copper and fiber wires, are forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially including technical complications that may arise that could prevent the prompt implementation of any strategically significant plan(s) outlined above and other risks as set forth in the Company's filings with the United States Securities and Exchange Commission including its Form 10-KSB/A for the year ended December 31, 2003. All product or service names mentioned herein are the trademarks of their respective owners. |
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