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Axesstel Appoints Osmo A. Hautanen and Bryan B. Min to Board; Names Scott Fox to Serve in Advisory Capacity.


SAN DIEGO -- Axesstel, Inc. (AMEX AMEX

See: American Stock Exchange
:AFT), a leader in the design and development of fixed wireless voice and broadband data products, today announced it has appointed Osmo A. Hautanen, 51, and Bryan B. Min, 41, to fill two vacancies on its board of directors. The board now has nine members. The board also selected Scott Fox, 49, to serve in an advisory capacity.

"I am delighted to welcome Osmo and Bryan to the board of Axesstel, as well as have Scott serving as an advisor," stated Mike Kwon, chairman and chief executive officer of Axesstel. "Osmo and Scott are industry veterans, and Bryan is a strong community business leader, and we look forward to each bringing a wealth of knowledge and experience to our board."

Kwon continued, "Osmo, a recognized leader in the technology, telecommunications and private equity communities, has driven Magnolia Broadband to the next level of commercialization of its unique handset technology. In 1998, Bryan founded Epsilon Systems, a technology-based security and communications business serving the government sector, and he has guided Epsilon Systems' growth to over 350 employees in twelve locations nationwide. Scott brings 25 years of industry experience, including his two-year role as chairman of the global GSM Association, which is the world's leading wireless-industry body. In 2006, Axesstel expects to continue its international expansion of its customer base and product lines, and we believe the additional guidance from these business, industry and technology experts will help us achieve our goal of becoming the premier fixed wireless provider."

Osmo A. Hautanen

Hautanen has served as chief executive officer of Magnolia Broadband, Inc., a fabless semiconductor-design company for the cellular communications industry, since 2004. From 2002 to 2003, he served as the 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.  of Fenix LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, the holding company for Union Pacific Corporation's extensive portfolio of technology assets. From 2000 to 2001, Hautanen was president of Americas for Philips Consumer Communications Philips Consumer Communications, L.P. was a $2.5 billion joint venture of Lucent Technologies and Royal Philips Electronics formed on October 7, 1997. Philips owned 60% of the joint venture, with Lucent owning the other 40%.  group. Prior, he has also served as CEO of Formus Communications, an international wireless communications company. As an 18-year veteran of Nokia, he served in multiple roles: vice president of sales and marketing for North America and vice president and general manager of Latin America, as well as vice president and general manager of Personal Communications Services See PCS. , which led Nokia's dominance in the North American handset market. He is currently a member of the board of directors of Datrek Miller International, Inc., a supplier of products and services to the golf industry. Hautanen holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science
BS, SB

bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies
 in Control Engineering from Technical College of Varkaus (Finland), as well as an MBA MBA
abbr.
Master of Business Administration

Noun 1. MBA - a master's degree in business
Master in Business, Master in Business Administration
 in international business from Georgia State University History
Georgia State University was founded in 1913 as the Georgia School of Technology's "School of Commerce." The school focused on what was called "the new science of business.
. He is fluent in Finnish, German and English.

Bryan B. Min

Since founding Epsilon Systems Solutions, Inc. in 1998, Min has served as president and chief executive officer. Under Min's leadership, Epsilon has become one of the premier companies providing technology-based security and communications (C4ISR C4ISR Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance
C4ISR Command, Control, Communications, Computer, Intelligence, Surveillance and Reconnaissance
C4ISR Command Control Communications Computers Intelligence Surveillance and Reconnaissance
) solutions to the federal government. From 1993 through 1996, he served as director of West Coast Operations for Earl Industries, a unit of Digital Systems International Corporation (DSIC DSIC Departament de Sistemes Informàtics i Computació
DSIC Digital Systems International Corporation
DSIC Defense Standards Improvement Council
DSIC Design and Systems Integration Contractor
), and as Operations Manager for DSIC. Min, a certified nuclear engineer, served active duty in the U.S. nuclear submarine force from 1986 to 1992 and continues to serve the U.S. as a naval reserve officer. He is on the Board of Councilors for the School of Engineering for the University of Southern California The U.S. News & World Report ranked USC 27th among all universities in the United States in its 2008 ranking of "America's Best Colleges", also designating it as one of the "most selective universities" for admitting 8,634 of the almost 34,000 who applied for freshman admission  and is a board member for the San Diego County's Greater Regional Chamber of Commerce. Also, Min founded and serves as the chairman of ESSential Foundation, a non-profit organization, which was established to fund educational programs for schools and provide economic assistance to needy families. Min holds a Bachelor of Science from the University of Southern California and a Master of Science from Virginia Polytechnic and State University. Additionally, he is a graduate of the Owner/President's Management Program at Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University.  and has completed business executive courses at the Wharton School of Business and the Defense Systems Management College.

Scott Fox

Since 2004, Fox has served as chairman and chief executive officer of Global View Partners, Inc., a privately held mergers and acquisitions, investment, and strategic consulting company, which specializes in the global wireless and venture capital industries. In 2002, Fox co-founded Digital Orchid, Inc., a U.S.-based innovator in the development, management and distribution of exclusive branded wireless content and applications in the areas of entertainment, sports and gaming. From 2000 to 2002, Fox was chairman of the GSM Association, which is the world's leading wireless-industry body, consisting of 680 second- and third-generation mobile operators and more than 160 key manufacturers and suppliers. The Association's members currently provide mobile services to more than 1.5 billion customers across more than 210 countries and territories around the world. From 1999 to 2002, Fox was Group President -- Wireless Facilities, Inc., a global leader in wireless telecommunications design, deployment and outsourcing. Prior, Fox spent five years as vice president, strategy, and chief technology officer for BellSouth (predecessor to Cingular Wireless). Fox has held a variety of additional executive positions, including executive chairman of Roamware, vice president of MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device.

(2) (Microwave Communications Inc.
 Corp., and executive roles at MobilMedia, McCaw Cellular, Metromedia Co., Lin Broadcasting and Southwestern Bell (SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. ). Fox holds a Bachelor of Science in Electrical Engineering from the University of Florida University of Florida is the third-largest university in the United States, with 50,912 students (as of Fall 2006) and has the eighth-largest budget (nearly $1.9 billion per year). UF is home to 16 colleges and more than 150 research centers and institutes.  and has completed executive business and strategy courses at the Wharton School of Business.

About Axesstel, Inc.

Axesstel (AMEX:AFT) is a leader in the design and development of fixed wireless voice and broadband data products. Axesstel's product portfolio includes fixed wireless desktop phones, payphones, voice/data terminals and broadband modems for access to voice calling and high-speed data services. Axesstel delivers innovative fixed wireless solutions, based on Global System for Mobile communications (communications) Global System for Mobile Communications - (GSM, originally "Groupe de travail Sp?ciale pour les services Mobiles") One of the major standards for digital cellular communications, in use in over 60 countries and serving over one billion subscribers.  (GSM) and 3G Code Division Multiple Access (CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. ) technology, to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, and has a research and development center and manufacturing facilities in Seoul, South Korea. For more information on Axesstel, visit www.axesstel.com.

(C) 2005 Axesstel, Inc. All rights reserved. The Axesstel logo is a trademark of Axesstel, Inc.

Forward-Looking Statements

"Safe Harbor" Statement under 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: With the exception of historical information, the statements set forth above include forward-looking statements regarding expected customer growth and product development, which may affect future results and future viability. Axesstel wishes to caution readers that actual results could differ materially from those suggested by the forward-looking statements due to risks and uncertainties and a number of important factors. Those factors include, but are not limited to, the risk of delays in the adoption of new technologies in developing markets or in new product introductions; the lack of continued acceptance or growth of CDMA technology in target markets; the possibility that networks that can support our CDMA EV-DO (EVolution-Data Only) A 3G high-speed digital data service provided by cellular carriers worldwide that use the CDMA technology, including Verizon and Sprint in the U.S. EV-DO works on EV-DO cellphones as well as laptops and portable devices that have EV-DO modems.  and EV-DV (EVolution-Data Voice) Part of the third generation of high-speed data enhancements to the CDMA cellphone technology. See CDMA2000 for more details.  broadband modems will not be widely deployed; competition for contracts with our large telecommunication carrier customers; the risks of dependence on a limited number of those customers; the requirement for end users to accept our products and technologies; our dependence on limited or sole source suppliers; the possibility of unforeseen manufacturing difficulties, including those associated with Axesstel manufacturing its own products; the risk that outsourced manufacturing to China will not provide cost reductions, improve efficiencies or expedite product introductions; and other risk factors and information contained in Axesstel's filings with the Securities and Exchange Commission, such as the rapidly changing nature of technology, evolving industry standards, and frequent introductions of new products and enhancements by competitors; the competitive nature of the markets for Axesstel's products; Axesstel's need to gain market acceptance for its products; Axesstel's need to attract and retain skilled personnel; potential intellectual property-related litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
; and Axesstel's primary dependence on one large customer. All forward-looking statements are qualified in their entirety by this cautionary statement, and Axesstel undertakes no obligation to revise or update this press release to reflect events or circumstances occurring after this press release.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 17, 2005
Words:1325
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