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Broadband Wireless International Corporation Names Darwin Payton President, Dr. Ron Tripp CEO
June 15, 2004 11:06:00 AM ET

LAS VEGAS, June 15 /PRNewswire-FirstCall/ -- Broadband Wireless International Corporation (OTC Bulletin Board: BBAN) announced today that Darwin Payton has joined the Company as its President and Dr. Ron Tripp was appointed Chief Executive Officer by the board of directors.

Dr. Tripp has served as a member of the Board of Directors since his appointment by the Federal Court Receiver, Peter Bradford, in December 2000. The Board of Directors elected him President in August 2001 and he has held the position through the receivership, the merger with Entertainment Direct TV, and the exit of the Chapter 11 reorganization earlier this year. "I am extremely proud to have served Broadband Wireless and it's shareholders as President of this company over the past three years. Watching BBAN transition from the receivership, to the merger with EDTV, and the completion of the reorganization has been an incredible experience. I am honored to have the Board of Directors show the confidence in me to move to the next level and serve Broadband as it's Chief Executive Officer. I am extremely happy that Darwin Payton has agreed to join the Broadband team and I look forward to working closely with him. Darwin brings new ideas and expands the opportunities for the company to enhance shareholder value. Keith McAllister (Co-Chairman), Michael Williams (Chairman), and myself are excited about Darwin's insight and what he will bring to BBAN."

Mr. Payton has been chief advisor and business associate of Earvin "Magic" Johnson. Their relationship, which spanned more than 26 years, actually began at Michigan State University, where Mr. Payton was the manager of their NCAA Championship team.

Darwin Payton came to Los Angeles at Magic's request to help launch the West Coast operations for Magic Johnson Enterprises (MJE), leaving the Michigan and Chicago operations of MJE that he headed. His years with MJE were a golden era for Magic whose businesses included banks, entertainment, restaurants, movie theaters and sports. Mr. Payton was the catalyst and co- guiding hand in many of Magic's ventures.

"Having Darwin Payton as our President will take BBAN to higher levels of business through relationships that take a lifetime to build. We are looking forward to a press conference, where many of Mr. Payton's friends and contacts will demonstrate their support for his new venture," stated Michael Williams, Chairman.

About Broadband Wireless International Corporation

Broadband Wireless International Corporation is a diversified holding company and is moving into a wide variety of investments that are intended to generate positive cash flow for the corporation, interest in additional companies and dividends for the shareholders. The company currently holds interests in the entertainment industry and Broadband/ISP services.

Safe Harbor Forward-Looking Statements

This release contains 'forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements. Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.

© 2004 PRNewswire