MARINA DEL REY, Calif.--(BUSINESS WIRE)--FGWC-- 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.
KEYWORD: INTERNATIONAL AFRICA/MIDDLE EAST CALIFORNIA INDUSTRY KEYWORD: TELECOMMUNICATIONS E-COMMERCE INTERNET SOFTWARE HARDWARE PRODUCT MARKETING AGREEMENTS SOURCE: 5G Wireless Communications, Inc.
CONTACT INFORMATION: 5G Wireless Communications, Inc., Marina Del Rey Peter Mansfield, 310-448-8035 pmansfield@5gwireless.com
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Been holding this one for nearly a year... still holding. More good news to come
Posts: 1051 | From: Michigan | Registered: Sep 2003
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quote:Originally posted by BroBro: in @ .027 and out @ .043 !!?? How could of possibly timed that so perfect? That, my friend, I envy! Nice job! GLTA
I saw the news this morning before it opened and put my order in ASAP. After that I just watched the charts. I'm not an expert chartist but I usually make decent conservative gains.
The main indicators I use are when the Stoch's look like theyre going to crossover, volume decreases, bollinger bands, and RSI a little.
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5G Wireless Announces Compliance with Newly announced 802.11i Security Standard Wednesday June 30, 10:00 am ET IEEE Ratification Endorses 5G Wireless' Approach and Allows the Company to be One of the First Companies to Market Wi-Fi Products that Meet the New Security Standard
MARINA DEL REY, Calif.--(BUSINESS WIRE)--June 30, 2004-- 5G Wireless Communications, Inc. (OTCBB:FGWC - News) announced today that its G-Force family of enhanced Wi-Fi access points and CPEs comply with the recently-published IEEE security standard. The 802.11i standard, also known as MAC Enhancements for Enhanced Security, was ratified by the IEEE on June 24, 2004. 5G Wireless is one of the first developers of Wi-Fi solutions to announce the availability of products complying with the new security standard.
According to 5G Wireless CTO Brian Corty, "Security has always been a strong point for our G-Force products. The new 802.11i standard is in line with our philosophy that Wi-Fi networks need to be as secure as well as convenient. We have been providing layer 2 security controls from the onset and are delighted to see that the IEEE has also adopted this as a standard for security. By adopting TKIP (Temporal Key Integrity Protocol) we feel that the IEEE has removed another roadblock from wide-scale adoption of wireless networks. We believe that our products have consistently set the standard in Wi-Fi data integrity. This has been validated in real world applications where our technology has resisted attempts to compromise or even detect the network."
Based on its focus on Government and Municipal applications, 5G Wireless has utilized layer 2 techniques that have equipped its products with an extensive array of highly secure features. The company has applied these techniques to each of its applications at customers such as the City of Garden Grove to help ensure that data being communicated wirelessly is only accessible to authorized users and the network or its data is not visible to traditional scanners or sniffing techniques. Added Corty, "Even if we provided the ESSID for the network, unless we authorize your acceptance you can not get on!"