SAN JOSE, Calif., July 30, 2002 (PRIMEZONE) -- Reality Wireless Networks, Inc. (OTCBB:RWNT) announced the appointment of Dennis Spina to the position of CEO and President.
Most recently Chairman and CEO of the nation's largest regional Internet Service Provider, Springfield, Virginia-based Erols Internet Service, Mr. Spina has also served as the Vice Chairman and President of Internet Services at RCN Corporation and was President and CEO of Covista, a public company based in Little Falls, NJ. Covista was a data and long distance operator servicing businesses and residential customers in the New York metropolitan area. He began his career with Federal Express in 1973, rising to Regional Vice President in the Northeast where he oversaw explosive growth and expansion.
Rick Ramirez, a founder of Reality Wireless Networks, said, "Mr. Spina brings with him experience that is rarely found in executives today; he has the entrepreneurial experience and the understanding of engineered and planned growth while servicing a growing customer base." Added Mr. Ramirez, "We have taken great pains to assemble a management team with the skills and experience necessary so that a successful startup may fully and quickly exploit its chosen market niche. Dennis Spina is the perfect person to head that team as we grow the company with the goal of becoming the leading wireless broadband provider in the United States."
Mr. Spina, a graduate of Temple University, stated, "I am particularly impressed with the Reality Networks in a Box modular approach for its workability as a business model. I look forward to my role on the management team of a company which desires to become a major success in this coming decade of the wireless ISP."
About Reality Wireless Networks (http://www.realitynetworks.com)
Reality Wireless Networks offers broadband wireless services through hybrid networks including fixed wireless, 802.11, and fiber to markets either underserved or not served by DSL and cable modem technologies. Currently operational in California, the company has targeted markets including residential, SOHO, and multi-unit apartment complexes across the country. For more information, please contact: ir@realitynetworks.com
NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this press release constitute forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Reality Wireless Networks, Inc. (collectively, referred to as "Reality," "we," "us," "our," and/or the "company"), or developments in the company's industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the company's limited operating history, lengthy sales cycles, the company's dependence upon a relative concentration of customers, competition, product development risks and risks of technological change, dependence on selected vertical markets and third-party relationships and suppliers, and other risks and uncertainties.