5G Wireless Lands $1.5 Million Deal for Distribution Throughout West Africa
MARINA DEL REY, Calif.--(BUSINESS WIRE)--June 9, 2004--5G Wireless Communications, Inc. (OTCBB:FGWC) announced today that it has received a $1.5 million purchase order and distribution agreement to establish international distribution channels for its wireless broadband products throughout West Africa.
"Our partner is a U.S.-based company with telecom sales and distribution throughout the entire African continent," stated Jerry Dix, 5G Wireless CEO. "Opening up an emerging area as large and rich with potential as this furthers our competitive position and demonstrates our ability to operate as an organization on a global level, and our entry into the West African market is a milestone for 5G Wireless."
As West Africa and other international markets mature, the need for economical and easily deployable communications technology for voice and data may increase. We believe that our G-Force(TM) solutions are capable of delivering broadband capabilities economically and faster than copper and fiber.
Some of the nations that will benefit from the relationship are Cape Verde, Gambia, Ghana, Guinea, Niger, Nigeria, Senegal and Sierra Leone. Additional information will be released at a later date.
"These countries have an opportunity to skip the wiring and cabling activities that have traditionally provided both telephone and Internet access," added Mr. Dix. "It's fantastic that they may be able to jump directly into an advanced wireless solution to foster their economic development."
About 5G Wireless Communications, Inc.
5G Wireless Communications, Inc. (www.5gwireless.com), located in Marina del Rey, CA, develops and sells wireless broadband solutions. 5G Wireless customers receive dependable, high-speed Internet access at significantly lower acquisition and implementation costs than most major competitors. 5G Wireless products are distinguished by their exceptional data rate/range, number of concurrent users, line-of-sight capabilities and unique security protocol. These features are particularly significant through 5G Wireless' use of IEEE 802.11b enhancements for "last mile" roaming and point-to-multi-point networks.
For additional information, please visit www.5gwireless.com or call 800-916-1611.
Except for the historical information contained herein, the matters set forth in this press release, including the need for communications technology for voice and data of West Africa and other maturing markets and our capability of delivering broadband capabilities economically and faster than copper and fiber wires, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially including technical complications that may arise that could prevent the prompt implementation of any strategically significant plan(s) outlined above and other risks as set forth in the Company's filings with the United States Securities and Exchange Commission including its Form 10-KSB/A for the year ended December 31, 2003.
All product or service names mentioned herein are the trademarks of their respective owners.
Contacts
5G Wireless Communications, Inc., Marina Del Rey
Peter Mansfield, 310-448-8035
pmansfield@5gwireless.com
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