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Central Wireless Signs Agreement for Site Audits and Evaluations for Alliance Tower Corp.


Business Editors/High-Tech Writers

SARASOTA, Fla.--(BUSINESS WIRE)--May 5, 2003

Central Wireless, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CWIR CWIR Continuous Wave Illuminator Radar ), announced today that they have signed an agreement to provide site audit and evaluation services for Alliance Tower Corp.

Site audits and evaluations must be completed before existing tower facilities can be purchased. Central Wireless will execute these services for Alliance Tower Corp. which will expedite ex·pe·dite  
tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites
1. To speed up the progress of; accelerate.

2.
 the process of purchase of existing tower facilities by Alliance Tower Corp.

Alliance Tower Corporation is a firm specializing in the development, management, site acquisition services and maintenance of communication tower facilities.

"This agreement will provide a solid revenue stream for Central Wireless, Inc. This will enhance and speed up the process of Alliance Tower Corp.'s tower acquisition. It will be very beneficial to both companies," a Company spokesman stated.

About Central Wireless, Inc.

Central Wireless, Inc. is a publicly traded Utah Corporation specializing in providing site development and construction services to the wireless telecommunications industry. Central Wireless understands the needs and complexities found in today's telecommunication marketplace and we are committed to offering our customers both innovative and cost savings solutions. For more information on Central Wireless, Inc. see www.centralwirelessinc.com.

"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.
" 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: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize ma·te·ri·al·ize  
v. ma·te·ri·al·ized, ma·te·ri·al·iz·ing, ma·te·ri·al·iz·es

v.tr.
1. To cause to become real or actual: By building the house, we materialized a dream.
. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K Form 8-K

The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock.


Form 8-K

See 8-K.
. Central Wireless confirms nor provides guidance with respect to the financial projections supplied by other companies. Central Wireless takes no obligation to update or correct forward-looking statements.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 5, 2003
Words:362
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