AOL Poised to Offer More Free Services and DragonWave to Provide Licensed Wireless Ethernet Backhaul for Earthlink Municipal Networks

Internet Service Provider industry news provided by Financial News USA (OTC: FNWU). The company responsible for introducing millions of people to the Internet is poised to undergo a transformation that would likely accelerate its decline as a gatekeeper of access to the information superhighway. Time Warner Inc.'s (NYSE:TWX) board is expected to review on Thursday a proposal for its AOL LLC online unit to free up even more services, likely including the vaunted AOL.com e-mail accounts, in hopes of boosting advertising. GigaMedia Limited (Nasdaq: GIGM) will report the Company's second-quarter 2006 financial results on Tuesday, August 8, 2006 before the market opens. Management will hold an investor conference call on August 8, 2006 at 8:00 a.m. Eastern Daylight Time, which is 8:00 p.m. Taipei/Hong Kong Time on August 8, 2006, to discuss the Company's second-quarter performance. A link to the live and archived webcast will be available at http://www.gigamedia.com.tw.

DragonWave Inc., a leading global supplier of next-generation wireless networks, recently announced EarthLink (NASDAQ:ELNK) has selected the company's AirPair solution for Licensed Wireless Ethernet backhaul in their municipal wireless network deployments. EarthLink has already been selected as the operator in Philadelphia, New Orleans as well as Anaheim and Milpitas, California. Zaldiva(TM), Inc. (OTC BB:ZLDV), an online retailer of new and vintage Pop Culture collectibles, sees the current explosion of Hollywood blockbusters focused on comic and Pop Culture themes driving increased demand for its products. The company believes strongly in this trend and is now actively seeking synergistic acquisitions to grow its business and establish itself as a major player in the industry.

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