Calypso Wireless Completes Demonstration on its Dual Mode WiFi/GSM-GPRS VoIP Cellular Phone.

MIAMI LAKES, Fla. -- Calypso Wireless, Inc. (Pink Sheets:CLYW), an emerging leader in advanced wireless telecommunications technology announced today that they have successfully completed demonstration with Ecutel with its dual mode C1250i Wi-Fi-GSM-GPRS VoIP cellular phone. Calypso's mobile phone, which utilizes the Microsoft VoIP SIP Client (MSFT) operating system, was able to successfully interconnect with CISCO Systems (CSCO) networking equipment using Ecutel telephony network systems.

"Our company is pleased to announce that a satisfactory demonstration of Calypso's C1250i Dual Band Wi-Fi-GSM-GPRS VoIP cellular phone, interconnecting with our existing Wireless Local Loop (WLL) network with CISCO Systems networking equipment has been accomplished. We are looking forward to upgrading our Wireless Local Loop with Calypso's ASNAP(TM) systems software and offering the Calypso's mobile phone to our customers base," says Mr. Julio Teran Switching Department Manager of Ecutel.

"Mobile carriers will be able to increase the average revenue per user (ARPU) by offering new features and value added services to their subscribers when using our WLL. Ecutel is looking forward to offering VoIP and high-speed broadband connectivity on the Calypso C1250i cellular phone," says Teran.

"We expect contracts for the delivery of our products such as Calypso's Dual Band Wi-Fi-GSM-GPRS VoIP cellular phone, Calypso's WiFi only phone and Calypso's GSM only tri band Smart Phone. Telecom Operators should expect an increase in revenues and broaden their user base by offering new functionalities and services such as broadband connectivity, VoIP, multimedia video streaming and network-based gaming applications," says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.

"The C1250i's browser can be used both inside and outside the WLAN, users always have access to the Internet. Instant messaging between C1250i handsets on a wireless LAN is also possible. The handset's battery lasts about 4 hours for VoIP calls. The Calypso C1250i comes with headphones (Mini Stereo Jack), a cradle with USB ActiveSync Cable and AC adapter," says Sarrazin.

About Ecutel

Ecutel is a division of Telemedia Group (Telecommunications, Media and Services), a corporation based in the USA and has operations in Europe and Latin America. The company is a Wireless Local Loop (WLL), Wireless Internet Service Provider (WISP) that also provides local, long distance and public telephony and innovative data converged services for enterprise and consumer customers. For more information about Ecutel S.A. and its products and services, please visit the company's Web site at: http://www.ecuadortelecom.com/laempresa.php?pag=1

About Calypso Wireless

Calypso Wireless is the company behind the ASNAP(TM) technology for which it was granted U.S. Patent #6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.).

Calypso's patented ASNAP(TM) technology enables the cellular phones to automatically detect any available Wireless Local Area Network (WLAN) and then seamlessly switch between the signals of a standard cellular link towers and an available short-range broadband network such as cable or DSL with Wi-Fi), accelerating wireless broadband deployment, thereby creating a platform for revenue sharing between the synergistic companies and increased revenues for them by delivering new added services such as it could also provide significant savings to Mobile Carriers in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks (WLAN) and IP networks while providing additional sources of revenue. The integration of ASNAP(TM) technology will enable greatly enhanced services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso's cellular phones, PDA's (Personal Digital Assistance) or any mobile devise powered with the company's ASNAP(TM) technology. The patent has also given Calypso the rights to offer license agreements to major mobile and ISP carriers as well as to cellular phones manufacturer and OEM's. Calypso has also built upon its patented ASNAP(TM) technology to create a new technology that could provide 'the' solution that allows satellite radio signals from carriers such as XM Satellite Radio and Sirius Satellite Radio to be readily received by all types of mobile wireless devices, thus generating a new potential revenue stream for both the satellite radio companies and the companies supplying service to mobile phones and devices and the manufacturers and retailers of those devices, as well for the licensing of this technology by Calypso.

Calypso Wireless is a publicly traded company headquartered in Miami Lakes, FL. Its common stock trades under the ticker symbol CLYW. For more information about Calypso Wireless and its products and services, please visit the company's Web site at http://www.calypsowireless.com.

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All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

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