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To: knows_picker who wrote (75105)	2/28/2002 8:38:38 AM
From: Tassi	Respond to of 122087

This... AIRNET COMMUNICATIONS ANNOUNCES $6M IN CASH COLLECTIONS BUSINESS EDITORS/TECHNOLOGY WRITERS MELBOURNE, FLA.--(BUSINESS WIRE)--FEB. 28, 2002--AIRNET COMMUNICATIONS CORPORATION (NASDAQ:ANCC), THE -------------------------------------------------------------------------------- 08:02 ET MELBOURNE, Fla.--(BUSINESS WIRE)--Feb. 28, 2002--AirNet Communications Corporation (Nasdaq:ANCC.Q), the technology leader in software defined base station products for wireless communications, today announced that the first two months of fiscal year 2002 have been a record for customer cash collections. The company has collected more than $6M in cash during the first two months of this year. "Our team continues to execute on the `turn-around' strategy for the company," said Glenn Ehley, CEO of AirNet Communications Corporation. "The company's cash position as of today exceeds the December 31, 2001 year end balance. This improved cash flow is further proof that our efforts in containing costs and expenses together with our emphasis on collections over the last six months is paying off for the stakeholders. We will also continue to focus on near term sales opportunities which may yield immediate and tangible benefits to the Company." Further information pertaining to cash flow and other financial results will be available on the company's conference call for the fourth quarter and 2001 fiscal year scheduled for March 26, 2002. The teleconference is scheduled to begin at 5:30 p.m. Eastern time and is expected to last approximately 45 minutes. Those interested in listening to the conference call should dial 719/457-2728. For those who cannot participate in the live conference call, a replay will be available beginning at 8 p.m. ET on Tuesday, March 26, until midnight ET on Tuesday, April 2, 2002. The replay number for the conference call is 719/457-0820 and the pass code is 494608. About AirNet AirNet Communications Corporation is a leader in wireless base stations and other telecommunications equipment that allow service operators to cost effectively and simultaneously offer high-speed wireless Internet and voice services to mobile subscribers. AirNet's patented broadband, software-defined AdaptaCell base station solution provides a high capacitybase station with a software upgrade path to the wireless Internet. The Company's AirSite Backhaul Free base station carries wireless voice and data signals back to the wireline network, eliminating the need for a physical backhaul link, thus reducing operating costs. AirNet has 69 patents issued or pending and has received the coveted World Award for Best Technical Innovation from the GSM Association, representing over 400 operators around the world. More information about AirNet may be obtained by calling 321.984.1990, or by visiting the AirNet Web site at airnetcom.com. Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 The statements contained in this press release that are not historical information are forward-looking statements that relate to future events or our future financial performance, including statements regarding our expectations, beliefs, plans, estimates, intentions or strategies for the future. Forward looking statements include statements regarding the company's projected cash flow, new business prospects and ability to manage expenses aggressively. All forward-looking statements included in this release are based upon information available to AirNet Communications Corporation as of the date hereof and we assume no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause our actual results to differ materially from those projected. Potential risks and uncertainties include, but are not limited to our limited operating history, the highly competitive nature of wireless communications, our need to raise additional working capital, and the difficulty of raising capital due to economic conditions and the status of capital markets. These and other risks are discussed in Company filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2000. Current financial performance may not be indicative of future financial performance. AirNet(R) and AirSite(R) are registered trademarks with the U.S. Patent and Trademark Office. The stylized AirNet mark, AdaptaCell(TM), Super Capacity(TM), Backhaul Free(TM), and We're Ready for Anything(TM) are trademarks of AirNet Communications Corporation. Other names are registered trademarks or trademarks of their respective companies or organizations. --30--jar/mi* CONTACT: AirNet Communications Corporation, Melbourne Stuart P. Dawley, 321/953-6780 (Investor Relations) sdawley@airnetcom.com KEYWORD: FLORIDA INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKING INTERNET SOFTWARE CONFERENCE CALLS SOURCE: AirNet Communications Corporation Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 2002, Business Wire