Two news items today...stock at 1 9/16 by 1 13/16...gpg
World Wireless Communications Receives Equity
Investment from URMET Group
SALT LAKE CITY--(BUSINESS WIRE)--June, 7 1999--World Wireless Communications Inc. (OTC BB:WWWC), a
leading developer of wireless and Internet technology systems, Monday announced that it has received a significant equity
investment from URMET Group of Torino, Italy.
URMET Group is a leading telecommunications producer with annual sales of approximately $370 million (US). ''Working
with leading companies such as URMET Group demonstrates the value of World Wireless' wireless and Internet-enabling
technologies,'' remarked David Singer, president and chief executive officer, World Wireless Communications.
''In addition to the significant equity investment by URMET, we look forward to a long term business relationship.'' World
Wireless' products include advanced Spread Spectrum radios for industrial telemetry applications and X-traWeb(TM), the
newest generation in Internet-enabling technologies.
World Wireless' radios communicate in the license-free 900 MHz and 2.4GHz bands. The newest units incorporate the
company's proprietary Secure-Synch(TM) technology; increasing data transfer rates, adding security, and reducing the cost of
wireless implementations.
X-traWeb is World Wireless' unique web-enabling technology, allowing devices to be monitored from anywhere in the world
using an Internet connection.
Unlike most competing technologies, no proprietary protocols are used in X-traWeb's open architecture solutions. This open
solution approach meets current and emerging international Internet communications standards - an important benefit when
compared to closed, proprietary solutions.
Applications for X-traWeb include vending machines; electric, gas and water utility management; heating, ventilation and
air-conditioning (HVAC); security and access control; environmental monitoring and control; franchise chain information
management and Internet Service Provider value-added services, among others.
Formed in 1995, World Wireless Communications Inc. is a leading developer of wireless and Internet systems, technology and
products. The company develops, manufactures and distributes components for the X-traWeb network, a convergence
technology for the monitor and control of remote systems through the Internet; and spread spectrum radios in the 900 MHz and
2.4 GHz Bands.
For more information, visit the company's web site at www.worldwireless.com, or contact World Wireless Communications at
801/575-6600 or info@worldwireless.com.
URMET Group specializes in the development, manufacture and distribution of high technology hardware and software
telephone systems, including Service Node and Intelligent Network node for public telephony; cordless mobility telephones in
DECT technology; terminals for electronic transfer of funds (EFT/POS) and prepaid cards.
URMET Group also offers Telemedicine and Tele-assistance systems. Through URMET DOMUS Company, URMET Group
provides products and services for building automation, including phone and video phone systems, subscriber's telephony,
integrated control systems, security and fire alarms.
For more information, please visit URMET Group's web site at www.urmet.it. Statements made in this press release, other than
those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties.
Such forward-looking statements are made based on management's belief as well as the assumptions made by, and information
currently available to, management pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of
1995.
Contact:
World Wireless Communications Inc.
Rory Swensen, 801/575-6600
rswensen@worldwireless.com
Companet Selects X-traWeb Technology to Provide
Web-based Monitoring and Control Services
SALT LAKE CITY--(BUSINESS WIRE)--June, 7 1999--X-traWeb, a wholly-owned subsidiary of World Wireless
Communications Inc. (OTC BB: WWWC - news), has been selected to provide web-enabling technology to Companet, a
major Internet Service Provider in Haiti.
X-traWeb signed a Memorandum of Understanding with Companet, which will incorporate X-traWeb technology to provide
web-based monitoring and control services to the Haitian community.
For the initial project, Companet will use X-traWeb technology to web-enable gasoline station equipment such as leak
detection systems, pumps, vending machines, and security systems. These devices can then be monitored and controlled using
standard Internet tools, simplifying management and adding value.
''We selected X-traWeb as our web-enabling technology because of their total solution approach,'' said Jean-Pierre Bailly,
president, Companet. ''We were looking for a partner that would provide the whole system, not just web-enabling firmware.''
Don Wallace, executive vice president, X-traWeb, remarked ''Companet is a highly capable and technically strong Internet
Service Provider with a vision to provide a wide variety of remote monitoring and control services over the Internet. We are
looking forward to helping them implement a world class system.''
X-traWeb, a wholly-owned subsidiary of World Wireless Communications Inc., is a leading provider of next-generation
Internet-enabling products and services. For more information please contact Don Wallace, executive vice president,
X-traWeb, at 801/575-6600, dwallace@x-traweb.com, or visit the company's web site at www.x-traweb.com.
World Wireless Communications Inc. is a leading developer of wireless and Internet systems, technology and products. The
company develops, manufactures and distributes components for the X-traWeb network, a convergence technology for the
monitor and control of remote systems through the Internet; and spread spectrum radios in the 900 MHz and 2.4 GHz Bands.
For more information, visit the company's web site at www.worldwireless.com, or contact World Wireless Communications at
801/575-6600 or info@worldwireless.com.
Companet is a major Internet Service Provider in based in Port-au-Prince, Haiti. For more information, please contact
Jean-Pierre Bailly, President, Companet, at +509 239894, jpbailly@compa.net, or visit their web site at www.compa.net.
Statements made in this press release, other than those concerning historical information, should be considered forward-looking
and subject to various risks and uncertainties.
Such forward-looking statements are made based on management's belief as well as the assumptions made by, and information
currently available to, management pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of
1995.
Contact:
World Wireless Communications Inc.
Rory Swensen, 801/575-6600
rswensen@worldwireless.com
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