CAMPBELL, Calif., Feb. 27, 2003 (PRIMEZONE) -- Reality Wireless Networks (OTCBB:RWNT) (the "Company" or "Reality"), a fixed wireless services provider, made public today the successful completion of its Beta market and network tests. The combination of these tests has resulted in bringing the company one step closer to the launch of its multi-market deployment strategy, "Reality in a Box." This business model / deployment strategy was the brainchild of the company's founders and angel investors and is expected to allow the Company to efficiently manage rapid multiple market expansion while maintaining its high quality network and transmission standards.
Demand for its broadband services exceeded the high Beta market projection as the Company installed, and maintained 200 plus subscribers for its wireless services. It has also successfully tested and managed its "live" customer services and technology support desks. Demand continues to exceed its current deployment projections. This customer demand was created through careful demographic reviews and via limited highly localized and targeted marketing. The Company believes the continued robust consumer and business demand is key to its continued new subscriber awareness and service contract requests suggesting a strong future for its WIFI services and other WIFI services, in general. To address these future demands, the Company is now implementing a major upgrade of its network firmware and software to address these expanding opportunities in the WIFI space. Advances are expected to allow for better controlled bandwidth and transmission quality to deal with future demands and potential congestion in deployed markets.
Reality's Director and Head of Business Development, Rick Ramirez stated that "the demand and adoption for wireless broadband on the 80211 standards (fixed wireless broadband) continues to exceed industry analysts' growth projections. The opportunity to deploy on a regional level and maintain our high quality network standards is now."
About Reality Wireless Networks (http://www.realitynetworks.com): Delivers 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.