WiFi Wireless & Planetel Korea in Negotiations10 February 2005
Representatives from Planetel Korea have met and are in negotiations with WiFi Wireless for procurement and manufacturing of WiFi chipsets and products in South Korea. Last week, representatives from both WiFi Wireless and Planetel Korea met with AValon RF at their booth at the West 2005 show in San Diego, California.
Both parties also visited AValon RF's facilities and had a private demonstration of the new WiFi Wireless product, the WiFi Key. With the successful demonstration of the WiFi Key, Planetel Korea expressed strong interest to proceed forward with the necessary South Korean officials in order to facilitate manufacturing in South Korea.
About WiFi Wireless, Inc.
WiFi Wireless Incorporated (OTC: WFIW). WiFi Wireless provides an expanded network technology to the traditional wi-fi (802.11) system. Currently, wi-fi (802.11) systems are confined to "Hot Spot" locations within a limited radius. WiFi Wireless focuses on "Space-Time" technology applications by using current UHF frequencies that enable WiFi Wireless' hardware to provide 10 miles of service from the POP Point Of Presence, rather than the conventional wi-fi (802.11) retail space application. WiFi Wireless utilizes a base station antenna with a capacity that will allow up to 25,000 simultaneous users without degradation in performance. Business franchises can now be part of the WiFi Wireless network by providing a POP site in one central location, instead of multiple, costly, small networks, at a fraction of the price of current T-Span charges affiliated with standard "Hot Spot" networks.
Safe Harbor
This press release and oral statements made from time to time by representatives of the Company may contain "forward-looking statements" concerning the Company's financial outlook, future expectations, financial and operating projections, plans and strategies, its share repurchase program and the trading markets for its securities. These forward-looking statements are subject to a number of risks and uncertainties. The Company wishes to caution readers that certain factors may impact the Company's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statements made by or on behalf of the Company. Such factors include, but are not limited to (i) the Company's substantial capital requirements and debt, (ii) market conditions, (iii) the Company's dependence on demand for wireless communications and related infrastructure, (iv) competition in the communications tower industry, including the impact of technological developments, (v) consolidation in the wireless industry, (vi) future regulatory actions, (vii) conditions in its operating areas and (viii) management's estimates and assumptions included in the Company's 2004 Outlook. These and other important factors are described in more detail in the "Risk Factors" and the "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's SEC filings and public announcements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
Contact:
Investor Relations Department
Web: www.wifiwirelessinc.com
E-Mail: info@wifiwirelessinc.com
Source: ArriveNet
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