FGWC - 5G WIRELESS COMMUNICATIONS INC - MOU With Peteson Investment Pte. Ltd.
New York, New York, Mar 09, 2001 (Market News Publishing via COMTEX) -- 5G
Wireless Communications, Inc. a publicly-traded Nevada corporation, announced an
MOU with Peteson Investment Pte. Ltd. which is a privately held company that
provides wireless data solutions in Singapore.
Under terms of the agreement 5G Wireless Communications will acquire Peteson
Investment Pte. Ltd. by issuing rule 144 restricted common shares in 5G Wireless
Communications, Inc. Final terms and conditions are to be negotiated within 30
days.
Peteson Investment Pte. Ltd. has a number of prominent Asian shareholders which
will assist 5G in rapidly expanding it's footprint in key strategic markets in
Asia. Peteson will further assist 5G by providing key contracts, financing,
technical and management expertise and experience in anticipation of its
tremendous potential growth.
To showcase Peteson capabilities, they have installed and successfully
demonstrated a high speed wireless solution at the Singapore International
Convention and Exhibition Centre. www.sicec.com The results of this installation
and demonstration have resulted in a very positive response from a wide range of
potential business opportunities in Singapore and the Asian region. 5G Wireless
Communications, Inc.
5G is a cutting edge provider of wireless solutions, which utilizes state of the
art equipment and proprietary solution elements which delivers a dramatic
improvement in performance while at the same time realizing the bottom line
benefit of decreased communications costs.
This news release contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1996. Forward-looking statements concerning
plans, objectives, goals, strategies, future events of performance and
underlying assumptions and other statements which are other than statements of
historical facts. These statements are subject to uncertainties and risks
including but not limited to, product and services demand and acceptance,
changes in technology and in economic, political and regulatory conditions and
to all of the risks generally associated with a company at 5G Wireless stage of
development. All such forward-looking statements, whether written or oral, and
whether made by or on behalf of the company are expressly qualified by these
cautionary statements. In addition, the Company disclaims any obligation to
update any forward-looking statements to reflect events or circumstances after
the date hereof.
CONTACT: TEL: 702.947.4877 5G WIRELESS COMMUNICATIONS INC.
TEL: 888.809.4408 Next Generation Wireless Broadband
FAX: 702.947.4848
INTERNET: www.5Gwireless.net
EMAIL: info@5Gwireless.net
TEL: 877/945-7070 5G Wireless Communications Inc., Las Vega
Bruce Strebinger
EMAIL: info@5Gwireless.net
URL: www.5Gwireless.net |
