Well, a year later, this company has signed a bunch of deals with California universities providing Wi-fi access, it just signed a deal with a large area and a new wireless ISP to provide pay wireless access, and it is working on a 1.5 million dollar contract in Africa to provide wireless to some areas there.

While all of this has happened, the price has very slowly drifted down from its highs to around 2 cents again. There has been very little in the way of share dillution, so that doesn't explain it. There are still less than 500M O/S.

Anyway, on thursday of last week, there was a small volume spike and a large price increase on no news. This was very abnormal. Prices held close on friday. Then today, the stock gapped up with over 200,000 shares traded before the bell, and buying continued at the ask nearly all day on explosive volume of over 20 million shares (average is just over 2M).

Again, today's huge move was on no news... but, they released their 10Q after the bell. So, where did all this buying come from? Did that many people realize the 10Q was going to come out today and run the price up? Unlikely, but possible. Who knows something we don't?

Anyway, the 10Q basically shows revenues increasing over last year, with the cost of revenues decreasing. A positive sign. One thing it did not show was the 1.5M Africa deal, which happened technically in Q3.

Regardless, the stock moved nearly 40% today, and close to 85% in the last 3 trading days based on no news, with tremendous volume. This stock is not talked about or pumped on any other site, so I have no idea where the buyers came from.

Anyway, I haven't posted here in a while, and since I've owned this stock, I have followed it's every movement for nearly 1 full year so I'm very familiar with it. I rode the big run last year, traded it when it was moving sideways, and been adding to another small position as it approached 2 cents again. Something looks to be brewing.

Check the chart out for yourself, read the last press releases. I am not suggesting you buy or sell, but since this stock hasn't been mentioned yet today, or within the last few months, I'm sure most of you are unaware of it and it's history. I just remember how exciting the last run was, and just incase it happens again, hopefully this information can help make someone some money

Cheers!

That isn't financing I like to see either, but for a 3 cents a share price, and having less than 500M O/S, it is still better than most OTCBB companies.

Thanks Jeremy for the post. I did some DD also and things look good. Except for the s8 as Evergreen stated but it definitly seems like something is brewing!!!!

I'm taking a chance on a gut feeling that something big.....maybe with the West Africa possibilities.....is coming soon!!!!

MARINA DEL REY, Calif.--(BUSINESS WIRE)--Aug. 17, 2004--5G Wireless Communications, Inc. (OTCBB:FGWC), an emerging leader in the design, manufacture, and deployment of wireless broadband (WiFi) network equipment, announced today the highlights of its 10-QSB SEC filing for the period ended June 30, 2004.

For the 6 months ended June 30, 2004, contrasted with the 6 months ended June 30, 2003, revenue from continuing operations increased 157%, from $71,639 to $183,795. The trend is primarily attributable to increased equipment sales to university campus customers and is expected to continue through the year. Concomitantly, operating expenses increased by 125%, from $1,076,096 to $1,933,732, primarily due to additional staff requirements to build and ship the equipment. These general and administration expenses are expected to increase during the next quarter. The net loss for the 6-months increased from $845,721 to $1,880,729 as a result of increased operating expenses throughout the period.

For the 3 months ended June 30, 2004, compared with the 3 months ended June 30, 2003, revenue increased 120% from $53,180 to $117,246, while operating expenses decreased 15%, from $620,290 to $525,288. These general and administration expenses are expected to increase during the next quarter. The 120% revenue increase is primarily attributable to increased equipment sales to university campus customers and the 15% decrease in operating expenses is primarily due to lowered wireless equipment manufacturing costs as the company streamlines operations. The net loss for the period decreased from $626,834 to $493,426 as a result of these streamlined operations over the most recent quarter.

"The relatively long sales cycles associated with decision making at the campus IT level are finally coming to fruition," stated Jerry Dix, 5G Wireless CEO. "Leveraging the success of our networks in both the University of California and Cal State University systems has proven effective, as we had hoped. We're also now in a position to share our experiences with the top technology analysts and national media outlets, where our enhanced technology and low cost of ownership messages have been positively received. We also plan to increase our association and trade show activities as an efficient means of reaching vertical market prospects."

The company continues to work with selected VARs to expand distribution throughout the U.S. and targeted overseas markets, including OEM agreements such as the recent arrangement with Nomadix, and ISP relationships such as Freedom Online throughout Florida. The company also will expand its Advisory Board with such luminaries as the recently appointed Bob McNamara, a wireless industry pioneer who holds over 20 technology patents.

About 5G Wireless Communications, Inc.

5G Wireless Communications, Inc. (www.5gwireless.com), located in Marina del Rey, Calif., develops and sells wireless broadband solutions. 5G Wireless customers receive dependable, high-speed Internet access at 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 a 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.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise which could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited, to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

All product or service names mentioned herein are the trademarks of their respective owners.

CONTACT: 5G Wireless Communications, Inc.Frank Simonelli, 310-448-8044
frank@5gwireless.com

SOURCE: 5G Wireless Communications, Inc.

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Originally posted by robbob:
She sure has reached a bottom point. This is going on my watch list.

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