CAMPBELL, Calif., March 31, 2003 (PRIMEZONE) -- "The big players, IBM, Cisco Systems and T-Mobile, are coming into the Wi Fi space, spending marketing money and creating demand for services by the end users," said Reality Wireless' (OTCBB:RWNT) head of Business Development, Rick Ramirez. Ramirez issued this statement intended for current Reality Fixed Wireless subscribers: "The availability and coverage of wireless broadband services are accelerating, and California is leading the way. Network alliances are being formed, increasing coverage and cooperation among service providers, and transforming these disparate entities into robust networks ready to compete with traditional wireline services providers in a true wireless environment. Soon, you'll be able to connect to the Internet without wires in all kinds of places, and it will all start with our target market customers, consumers and small mobile businesses. Big companies are starting to invest sizable resources into Wi-Fi hardware, which we believe marks a turning point for the technology our customers use every day. It's simple -- the more individuals that carry wireless broadband enabled devices, the greater the demand for Wi Fi services will be."
"The recent formation of the California based SkyWeb Alliance, which created a coalition between San Diego based SkyRiver Communications, Inc., NextWeb, Inc. of Fremont and SkyPipeline, Inc. of Camarillo, is an excellent leading indicator of the wireless service networks being formed. And these wholesalers will be looking to provide the regional and local access our customers are looking to gain. Notebooks, laptops, and PDAs are now being shipped with wireless compatibility and configurations standard.
"The users of these devices, businesses and consumers, will expect their broadband functionality to extend beyond the confines of their homes and offices, and we have built our network and deployment strategy in anticipation of these events. Our business strategy is to be the last mile fixed wireless solution for the end user in communities and regions deemed too small for the large services players to enter. This is the services gap we believe offers significant opportunity in our own back yard. There are thousands of public Wi-Fi "hot spots" and wireless access points in public spaces, and that number is growing. The missing link is a customer service driven, fixed wireless service for individuals that are willing to pay a premium for excellent connectivity, or uptime, and value added service options. This is our target market, and the time is now. We are on the leading edge of the long awaited wireless broadband revolution and we will provide the means to bring our customers there."
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.