To: Panita who wrote (69797 ) 4/19/1999 3:14:00 PM From: Deeber Read Replies (1) | Respond to of 119973
WLGS news today too, lookign SOLID: Monday April 19, 8:59 am Eastern Time Company Press Release SOURCE: World Wide Wireless Communications, Inc. World Wide Wireless Communications to Build Out Digital System of High Speed Wireless Internet Connections SAN FRANCISCO, April 19 /PRNewswire/ -- World Wide Wireless Communications, Inc. (OTC Bulletin Board: WLGS - news) announced today its projected schedule for commencement of revenue generating services on eleven of its FCC-licensed MDS channel groups. According to the Company, it is anticipated that one new location, in addition to the single channel site already in operation in the San Francisco Bay Area, will open every three months, commencing in July, 1999. The Company anticipates operations to next start-up service in San Diego, County, California, followed by a joint commencement of operations through its licenses at South Bend, Indiana and Grand Rapids, Michigan. Shortly thereafter, the Company plans to begin service in Vail and Aspen, Colorado, Key West, Florida, St. Croix, Virgin Islands, Ukiah, California and elsewhere. ''We believe the markets we intend to target in our first stage of expansion are ideal for the high speed wireless internet services we will provide,'' commented the Company's president, Douglas Haffer. ''Although they each possess unique demographics and special economic circumstances, taken as a whole they should provide the Company with the ideal type of customer base necessary for quick market penetration and acceptance.'' Excitement has grown in the MDS wireless internet industry since the recent announcements by both MCI and Sprint of their entry into the market. Having acquired struggling companies burdened by significant indebtedness incurred principally by failed attempts at establishing analog wireless cable-television operations, both MCI and Sprint have focused new attention, and created the prospect of additional interest by equipment manufacturers, to a sector of the internet ''highway'' previously overlooked by investors. Because the Company has no significant debt, and a license-system reaching a potential population base of over 10 million, World Wide Wireless Communications should be well-positioned to benefit from the entry of the telecommunications giants into the wireless internet market, Haffer noted. He further stated that those systems acquired by MCI and Sprint will, for the most part, have to be significantly reengineered before being able to provide the digital and high speed wireless internet service being planned. ''To the extent that the systems acquired by MCI and Sprint will have to be modified, re-engineered or re-licensed to provide the desired services,'' Haffer noted ''World Wide Wireless Communications is actually in a preferred position in that it is not burdened with the costs associated with disassembling and rebuilding an existing system.'' In anticipation of this growth, the Company has recently executed a long term lease for its new corporate headquarters in Oakland, California, and is actively engaged in the recruitment of additional technical and operations managers results of which are expected to be announced shortly. Safe Harbor Statement under the Private Securities Litigation Reform Act 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, including, but not limited to, certain delays beyond the company's control, delays in development and testing of products, and fluctuations in demand for the products and services of the Company. SOURCE: World Wide Wireless Communications, Inc.