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BBAN Reaffirms Commitment to Domestic Wireless Implementation; Management Moves to Protect Shareholder Interests.


Business Editors, Telecommunications Writers

CISCO, Texas Cisco is a city in Eastland County, Texas, United States. The population was 3,851 at the 2000 census.

Conrad Hilton started the Hilton Hotel chain with a single hotel bought in Cisco.
 and OKLAHOMA CITY--(BUSINESS WIRE)--May 3, 2000

BroadBAND Wireless See wireless broadband.  International Corporation (Nasdaq OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: BBAN BBAN Basic Bank Account Number
BBAN Bulgarian Business Angels Network
) assembled its officers and directors from their appointments from around the world to gather in Oklahoma City, Oklahoma “OKC” redirects here. For the airport, see Will Rogers World Airport.

Oklahoma City is the capital of the U.S. state of Oklahoma. The county seat of Oklahoma County, the city is the 30th largest city in the U.S.
 today in order to address shareholders concerns and outline the company's programs for the continued growth of BBAN.

The officers and directors of BBAN will take every action necessary to protect its shareholders. Management has reemphasized that its primary responsibility is to insure the success of the company and the interests of its stockholders.

At the direction of the Officers and Directors of BBAN, investigations have been initiated in order to determine the possible necessity of remedial actions which may include the filing of law suits and the seeking of injunctions where appropriate.

BBAN will immediately occupy and staff its offices in the Oklahoma Tower, 210 Park Avenue, Suite 2100, in downtown Oklahoma City Downtown Oklahoma City is located near the geographic center of Oklahoma City and is the main business district of the city. Downtown OKC also is the economic, financial, and entertainment center of the state of Oklahoma.  in order to support its retail and domestic wireless operations. All equipment purchased by BBAN will be immediately returned to inventory and all assets, leases and licenses guaranteed or otherwise financed will be immediately protected by the corporation.

The Board of Directors is currently reviewing all contracts executed by the company since January 2, 2000, in order to determine whether there may have been any improprieties or breaches of fiduciary responsibilities during that period. Management is conferring closely with corporate counsel during this process.

To insure the continued success of the corporation in the build-out of high speed wireless internet networks in the domestic markets, BBAN has called in its engineers from the International Division. Our chief engineer from Rhiad has worked directly with Cisco Systems for the last three months in the development of the wireless network and its deployment. ITell, Inc., a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of BBAN, is dedicating staff to the domestic division in order to immediately implement the build-out of our domestic network.

The International Division continues to develop the "Global Virtual Private Network" and the "Phone Company In A Box" for delivery and installation in developing nations. High speed wireless internet services are an integral part of the network design for Mexico, Nicaragua, Venezuela, Uruguay, Brazil, Argentina and Panama. BBAN will take this technology to the entire Global Virtual Private Network, both domestically and internationally.

The contracts for minutes originating from the United States with termination in Mexico are currently operational. In addition, iTell, Inc. is experiencing frequent situations in which customers continue to increase their contracts. As a result, BBAN projects that contracts may exceed 500,000,000 minutes per month. To support this volume of traffic, BBAN is currently upgrading its switches in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and acquiring additional switches in Dallas.

The company's Auditors are currently preparing the year end financial statements for the fiscal year which ended March 31, 2000, including audits for BBAN's wholly owned subsidiaries, iTell, Inc. and GKD GKD Generalized Kronecker Delta (function)  Inc. Management is aware of the desirability of providing audited financial statements to the investment community, which may also be utilized in the planned application for listing on Nasdaq.

For further information, contact Justin Ellis at jellis@coxinet.net.

This news release includes forward-looking statements which involve risks and uncertainties. The forward-looking statements in this release are made pursuant to 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. Actual results may differ materially, due to a variety of factors, including, but without limitations, the company's ability to produce and market products and / or services and other risks detailed from time to time in the company's reports filed with the Securities Exchange Commission. BroadBand Wireless International Corporation takes no responsibility for updating the above information and makes no representations other than those effective as of the date made.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:Business Wire
Date:May 3, 2000
Words:624
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