CAMPBELL, Calif., April 3, 2003 (PRIMEZONE) -- Reality Wireless Networks, Inc. (OTCBB:RWNT) announced today that William Levan has agreed to join the Company's Board of Advisors.
William's 30 years of significant contributions to the field of high-frequency data transmission began with his engineering post at Warner Communications, developing and deploying the first commercial 2way data network via CATV in 1976. Leading the development team at Hybrid Networks, Levan developed the core technology used in today's MDS, MMDS, 802.11, and LMDS markets providing reliable high speed data services. In his latest position, as CTO for Convergence Communications, Levan developed the core wireless IP architecture for delivering High speed data, Voice OIP, and Video OIP and supervised the deployment throughout central and south America.
Levan's numerous patents in the fields of HDTV and data communications amplify the extent of his contributions to this field and confirm his on-going interest in the science of solving communications problems for the real world.
Rick Ramirez, Vice President, business development of Reality Wireless Networks, said, "We believe this company's management team is one of which to be proud. We point to the expertise and outstanding record of that team whenever we are asked what would most readily distinguish us from other companies at this stage in their evolution. Our Board of Advisors is intended to be an active board whose composition is every bit as important as the management it will advise.
"This is a technology-driven business and technology is always evolving, changing or being made obsolete," continued Ramirez. "The role of our Board of Advisors is to suggest innovations in existing technology, pursue and improve upon our hybrid approach, and recommend emerging technologies whose use might lower costs and/or improve our quality of service. Levan joins an already distinguished board and we are both pleased and honored to welcome him."
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.