BBAN Announces Agreement in Principle to Acquire SmartCard Manufacturing Facility.

Business Editors

CISCO & DALLAS, Texas--(BUSINESS WIRE)--April 26, 2000

iTell, Inc., a wholly owned subsidiary of BroadBand Wireless International Corporation (OTC BB:BBAN), has entered into an Agreement In Principle with M.T.I. C.A., of Valencia, Venezuela, for the acquisition of 65% of the shares of the private company.

M.T.I.'s facility is the first SmartCard manufacturing plant in South America and is currently the second largest such operation. It is a fully functional 4 color offset printing manufacturing facility which produces pre-paid phone cards, debit cards, credit cards and smartcards. The manufacturing process includes computerized milling machines which insert Smartchips into the Smartcards.

M.T.I.'s equipment in the facility is manufactured and supported by German manufacturers, and is state of the art quality, fully computerized and high speed. The equipment is located in Valencia in a 6,000 square foot warehouse and office facility. Valencia is the largest industrial city in Venezuela.

Security is of utmost concern in the manufacturing of these cards. The facility has vaults for storage security and numerous security cameras attached to a central monitoring system which enables strict observation on a 24 hour basis. From the vaults, the Debit Cards, Credit Cards and SmartCards are delivered directly to the various end users by Brinks and other international Bonded Carriers.

Customers for the cards include local and international banks, merchants and oil companies. Markets have recently been expanded to include U.S. and European banks. Telephone debit card customers include the two major mobile phone companies in Venezuela, TelCel and MovilNet. Management of the facility and iTell, Inc. anticipate that markets exist presently for mag strip cards for hotels, restaurants, pharmacies, health insurance companies and schools.

In addition to supplying cards to the above consumer groups, iTell, Inc. plans to utilize this facility to support its contracts in Spain and Italy. ITell, Inc. and BBAN believes that this manufacturing facility, which produces multiple products which are utilized directly in iTell's international debit card business as well, will become an integral part of the companies' plan to implement and provide ongoing support to the previously announced Global Virtual Private Network.

This document provides forward-looking statements, made under the Safe Harbors Provision of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are generally identifiable by the use of the words such as "believe," "expect," "intend," and other words of similar nature. These statements are based on management's current expectations, estimates and projections that are subject to risk and uncertainties, including but not limited to success of negotiations, availability of financing, political currency, regulatory, competitive and technological developments. Consequently, actual results could differ materially from those forward-looking statements. BroadBand Wireless International Corporation does not undertake, and specifically disclaims any obligations to update forward-looking statements, which speak only as of the date made.