ioWave Announces the Addition of Sharon O. Steele to Its Senior Management Team.

Business Editors/Hi-Tech Writers

ARLINGTON, Va.--(BUSINESS WIRE)--March 12, 2001

The ioWave, Inc. announced the addition of Sharon O. Steele to its senior management team.

Ms. Steele will serve as the company's director of business and legal affairs. In this position, Sharon assumes responsibility for all aspects of the company's legal and inter-business initiatives.

"I am looking forward to working with Sharon once again," said Dan Saginario, president and chief executive officer of ioWave. "I have had the pleasure to be associated with Ms. Steele in the past and I am confident that Sharon is the right person to guide this company to its next level of professionalism. With her impressive academic credentials and extensive background in business law, merger and acquisition agreements and international commerce, Ms. Steele brings a wealth of knowledge and experience and is a welcomed addition to our team."

"The fast pace and broad scope of responsibility offered by a high growth company like ioWave creates the type of environment where I am most challenged," said Ms. Steele. Sharon went on to say "I am confident that I can add significant value to this company which already has an impressive portfolio of broadband wireless products, an extensive list of multi-national customers and is poised to make the transition from a niche technology company to a global solutions company."

Sharon joined ioWave on March 5, 2001 after having served as a senior contracts negotiator for EDS, Inc. Previously, Ms. Steel held senior management positions with L-3 Communications, Sterling Software, Bell Atlantic, Mobile Oil, and the Federal Labor Relations Authority.

Throughout her career, Ms. Steele created and managed business and legal affairs departments where she was successful identifying and negotiating a wide variety of joint ventures, strategic alliances, and third-party arrangements.

Sharon is a resident of Herndon Virginia and earned her Juris Doctorate degree from Pennsylvania State University and her undergraduate Bachelor of Science degree in Political Science from James Madison University. Ms. Steel is currently attending George Mason University in the Executive Master of Business Administration program.

Founded in 1996, ioWave, Inc. designs, develops and markets broadband wireless products for Wireless Local Loop, private networks, backbone circuits and high-speed Internet access applications for carriers, ISPs, PCS companies, and corporate networks.

In addition to its own strategically placed support and marketing personnel, ioWave has a vast network of authorized representatives, distributors and agents who serve its' worldwide customer base. Additional information about ioWave can be found on the company's web page; http://www.iowave.com/

ioWave's headquarters is located at: 2100 Washington Boulevard, Suite 1001, Arlington, VA 22204, Tel: [phone], Fax: [phone].