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TampaInvester
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2005-09-20 10:00:07
Arabian Recab Trading Announces 300% Increase in Revenues

--------------------------------------------------------------------------------


Business Editors

GIG HARBOR, Wash.--(BUSINESS WIRE)--Sept. 20, 2005--
Arabian Recab Trading Co. ("Recab International"), which
merged with Reality Wireless Networks, Inc. (OTCBB:RWNW) ("Reality")
on July 21, 2005, announced a dramatic increase in revenues for the
quarter ending June 30, 2005.
Revenues for that quarter were 28,561,072 Saudi Riyal
(approximately $7.6 million USD). This represents an increase of over
300% in revenues from the previous quarter (ending March 31, 2005).
In addition, Recab International announced that the months of July
and August also saw significant revenue growth. For the two months
ended August 31, 2005, Recab International generated 26,615,527 Saudi
Riyal (approximately $7.1 million USD). This suggests that Recab
International should see an increase of more than 135% in revenues
from the June 30 to September 30 quarter.
These revenues do not include sales from Recab International's
telecommunications business (as announced on September 13) or granite
and quarrying business (as announced on September 6).

About Reality Wireless Networks, Inc.

Reality Wireless Networks, Inc., a publicly-traded Nevada
corporation, previously offered broadband wireless services through
hybrid networks including fixed wireless, 802.11, and fiber to markets
either underserved or not served by DSL and cable modem technologies.
Reality has shifted focus to seek growth opportunities in the wireless
marketplace and related product industries (ir@realitynetworks.com).
More information about Reality Wireless Networks, Inc. can be found at
www.sec.gov.

NOTE: Information contained in this press release, other than
historical information, should be considered forward-looking in nature
and is subject to various risks or uncertainties and assumptions.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, estimated or expected. Among the
key factors that may have a direct bearing on the operating results,
performance or financial condition are the company's ability to
achieve and manage growth; the company's ability to successfully
identify suitable acquisition candidates, complete acquisitions or
integrate the acquired business into its operations; the company's
ability to attract and retain qualified personnel; the company's
ability to secure necessary financing; potential litigation by
shareholders and/or former or current advisors against the company;
the company's success in securing third-party commitments, production
agreements and/or licensing contracts; the company's ability to comply
with federal, state and local government regulations and/or unforeseen
changes in federal or and government regulation; and the company's
ability to develop new services; and other factors discussed in
Reality's filings with the Securities and Exchange Commission.
For further information, please contact Steve Careaga at
253-853-3632, or send correspondence to 4916 Point Fosdick Dr., Suite
102, Gig Harbor, WA 98335


KEYWORD: NORTH AMERICA AFRICA/MIDDLE EAST WASHINGTON UNITED STATES SAUDI ARABIA
INDUSTRY KEYWORD: TECHNOLOGY NETWORKS TELECOMMUNICATIONS
SOURCE: Reality Wireless Networks, Inc.


CONTACT INFORMATION:
Reality Wireless Networks, Inc.
Steve Careaga, 253-853-3632

Posts: 210 | From: tampa, fl, us | Registered: Nov 2004  |  IP: Logged | Report this post to a Moderator
tic_toc
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yup, flying
Posts: 768 | From: Ingland | Registered: May 2004  |  IP: Logged | Report this post to a Moderator
   

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