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Technology Stocks : Silkroad -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (443)	8/2/1999 12:11:00 PM
From: redelk	Read Replies (1) \| Respond to of 626

Interesting Press release: It shows independent confirmation of SR's technology. **************************************************************************** ***************** World Wide Wireless Communications, Inc. and Fortus Investimentos, LdaAnnounce Joint Venture Agreement SAN FRANCISCO, July 28 /PRNewswire/ -- World Wide Wireless Communications, Inc. (OTC Bulletin Board: WLGS) and Fortus Investimentos, Lda of Madeira, Portugal announced today an agreement under which the two corporations will join in the development of fiber optic cable and wireless telecommunications projects in Portugal and elsewhere. WLGS currently controls a system of MDS licenses in the United States, has recently entered into an agreement for similar licenses throughout the nation of Ghana, West Africa, and is currently pursuing additional frequencies suitable for high-speed wireless Internet service in other areas of Europe as well as in Asia and Latin America. Fortus is in the process of forming Fortel, S.A., a telecommunications company focusing on competitive local exchange services (CLECs) to customers within the European Union and beyond. "Portugal has become a key player in business and trade development throughout the EU, Africa, South America, and Asia," said Angus Clark, Managing Director of Fortus. "The tax incentives and international business climate offered in Madeira have made this island an attractive starting point for telecommunications, information technology, and Internet-based enterprises." "We expect Portugal to provide WLGS with the ideal platform for our European and African operations," commented Douglas P. Haffer, President and Chief Executive Officer of WLGS. "Our recent visit to Madeira demonstrated the logistical and financial benefits of establishing our initial European operations in Portugal, as well as showcasing Madeira's increasingly dynamic efforts to become a 'smart island' on which cutting edge technological solutions are inter-woven with the fabric of daily life," Haffer added. The joint venture's project in Portugal is expected to have a significant impact on the domestic economy of that country including the creation of thousands of new jobs in the telecommunications and technology sector. Build- out of the full project is expected to take 24 months to complete with construction to commence in the fall of this year. The venture is scheduled to provide managed bandwidth and network infrastructure based on the development of seven new fiber optic rings, serving and linking the six largest metropolitan areas in Portugal. The project will feature the deployment of the world most efficient fiber optic transmission equipment from U.S. based Silk Road, Inc. and its patented Silk Road Refractive Synchronization Communications(TM) (SRC(TM)) technology. The proposed system includes high volume wireless transmission capacity to be provided by WLGS to support the "last mile" transmission. Through the use of the wireless technology, point to multi-point connections can be supported for specific areas of ring cities as well as in areas outside the proposed rings. The two companies anticipate expanding their activities well beyond Portugal in the very near future. They are currently actively engaged in developing similar projects in other locations throughout the world, together and in conjunction with other partners. Safe Harbor Statement under the Private Securities Litigation Reform Action of 1995: The statements contained in this release, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Those risks and uncertainties include, but are not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies and products, delays in testing and evaluation of products, and other risks associated with the industry in which the Company operates. SOURCE World Wide Wireless Communications, Inc. CO: World Wide Wireless Communications, Inc.; Fortus Investimentos, Lda ST: California, Portugal IN: TLS