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Sanswire Technologies Strengthens Infrastructure by Purchasing `Virtualactive Technologies'.


Business Editors

ATLANTA--(BUSINESS WIRE)--Nov. 4, 2002

Sanswire Technologies, Inc., (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
: SNWR SNWR Sevilleta National Wildlife Refuge (New Mexico) ) an international, high-speed, wireless Internet service provider Internet service provider (ISP)

Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password.
 announced today that it has entered into an agreement to purchase the assets of Virtualactive Technologies, a Dunwoody, Georgia “Dunwoody” redirects here. For other uses, see Dunwoody (disambiguation).
Dunwoody is an affluent suburb outside Atlanta in northern DeKalb County, Georgia. As of the 2000 census, the CDP had a total population of 32,808.
 based Internet and Application Service Provider.

Sanswire Technologies provides high-speed wireless Internet access See how to access the Internet.  to its customers using the 802.11 protocol and has begun the construction of a "National Wireless Network" that will allow its subscribers to access the Internet wirelessly at high-speed from anywhere in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and in parts of Canada and Mexico.

Virtualactive provides Internet and Application Service Provision (ASP) infrastructure to support server collocation collocation - co-location , web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. , application hosting, collaboration systems and email hosting to customers in 21 countries including the United States.

The acquisition of Virtualactive provides Sanswire with the missing value-added services, infrastructure, and facilities to host various Internet services, which include applications to interact with and advertise to millions of people around the world.

"With the construction of our National Wireless Network under way, it is important for us to strengthen the infrastructure of the Company. The acquisition of Virtualactive not only moves a valuable resource in-house, it expands the service we can offer to our customers. We are aggressively looking to complete additional acquisitions in the coming quarters to further the development of our business and our presence within the industry," said Sanswire 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. , Michael K. Molen.

Virtualactive's President, B. Keith Sistrunk stated, "This transaction marks the final evolution of what Virtualactive Technologies was originally all about; providing leading edge Internet technologies and services to all markets. We feel that Internet and Application Service to the user via the `wireless' technology medium that Sanswire offers is truly the future of the Internet and we are proud to have the opportunity to be a part of it. We are convinced that our broad user base will be very happy to have access to this latest technology offering and that we will play a part in opening doors for Sanswire in our markets around the world."

For more information about Sanswire Technologies, visit the company's website at www.sanswire.com or contact Sanswire's President, Jairo Rivera at 404-591-5806 or by email jrivera@sanswire.com.

This press release discusses certain matters that may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the intent, belief or current expectations of Sanswire Technologies, Inc. ("the Company") and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties that could materially affect actual results such as, but not limited to: the ability of the Company to raise necessary capital; to attract and retain effective management; or the failure of third-party contractors to perform their contractual obligations.
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 4, 2002
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