PALM BEACH GARDENS, Fla., Jan. 22, 2004 (PRIMEZONE) -- eCom eCom.com, Inc. (OTCBB:ECEC) today announced the acquisition of Freedom 4 Wireless by MyZipSoft, Inc. has been completed. MyZipSoft, Inc. is a wholly owned subsidiary of eCom eCom.com, Inc. ("eCom") MyZipSoft, Inc. acquired all of the assets of Freedom 4 Wireless, Inc. a wholly owned subsidiary of American Capital Holdings, Inc. www.freedom4wireless.com. The name of MyZipSoft, Inc. was changed to Freedom 4 Wireless, Inc.
Terms of the acquisition are: shareholders of record at the close of business (4:00 p.m.) on February 23, 2004 of eCom eCom.com, Inc. common stock will be issued one (1) share of Freedom 4 Wireless, Inc. for every twenty (20) shares of eCom. For further clarification purposes, each eCom eCom shareholder will still maintain their existing share ownership of eCom eCom on the aforementioned February 23, 2004 shareholder of record date.
David Panaia stated, "We are continuing with our commitment set forth in December to bring additional shareholder value to our company. Freedom 4 Wireless will change the landscape of wireless technology for years to come. I encourage every shareholder to visit www.freedom4wireless.com and see what we have accomplished. Freedom 4 Wireless has grown from a research development company to a company whose products are ready for market."
Barney A. Richmond, Chairman of American Capital Holdings, Inc., stated, "Freedom 4 Wireless is one of our brightest stars three (3) years in the making. Our core technology is the Fourth Generation (4G) of wireless mobility. It is the first true ad hoc peer to peer networking system. It is the only system available today that supports real-time user applications at highway speeds. It is available at a reasonable price and can be installed to serve mobile users for about 1/10th the cost of 3G networks at comparable capacity. F4W's system is based on Internet Protocol: Any application that is written to run on an IP-compatible host will run across F4W's network. That means that 99% of applications need no modification."
About Freedom 4 Wireless, Inc.
Freedom 4 Wireless (F4W) is a provider of 4th Generation Mobile Broadband Wireless Services and Products. F4W's unique 4G mobile broadband wireless system provides data, video, audio, and voice services to subscribers on the move, at highway speeds.
F4W generates revenue from the selling of subscriber services, vertical product sales equipment sales and contracting to deploy turnkey wide area network wireless solutions. F4W is building a national high speed mobile broadband wireless network as well as building tactical networks for Homeland Security and Law Enforcement agencies. F4W's services and products fall into three broad categories. Freedom 4 Emergency Alert Display Services(tm), Freedom 4 Mobile Services(tm) and Freedom 4 Smart Equipment Services(tm). F4W's focus is on the public safety market in 2004 and 2005, by in 2006 F4W believes that the demand for mobile broadband services from business customers will begin to generate significant incremental revenue from the network infrastructures that originally were deployed to provide services to the Public Safety Market.
Freedom 4 Emergency Alert Display Services(tm) networks are networks of plasma and LCD displays that provide Emergency Alert System (EAS) and Community Alert System(tm) (CAS) messaging to the public in times of community crisis and distress. Such services will allow both federal and local governmental authorities to communicate with the public about imminent and immediate events that may require a quick response to save lives or improve public well-being. Built into these displays are 2-way video and voice capability so that an individuals and first responders in a crisis can communicate with emergency organizations.
Freedom 4 Mobile Services(tm) and Freedom 4 Smart Equipment Services(tm) are offered through a unique mobile broadband wireless network. It is the first affordable mobile broadband wireless system, and it will offer data, voice, and media services. It will be used to provide mobile, broadband, wireless services to the Department of Homeland Service, local governments (police, fire/rescue, code enforcement, permitting, and traffic management), state departments of transportation (to meet intelligent transportation system needs), health care institutions (mobile telemedicine), corporate enterprises, small businesses, and consumers.
The vision of Freedom 4 Wireless is to provide broadband wired and wireless network services to enhance the safety and well-being of the public and to enable government agencies to increase their effectiveness and efficiency. F4W will do so through Freedom 4 Emergency Display Services, Mobile Services, and Smart Equipment Services. By 2007, Freedom Zone Networks envisions its initial local and regional service networks merging with one another to become a national network capable of delivering nationally coordinated, but location specific public safety information relevant to the local community and providing government agencies with the mobile broadband wireless communications capability that they so badly need.
For additional information, contact: info@freedom4wireless.com or call media relations for F4W @ 1-866-823-5252. Website: www.freedom4wireless
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expect," "intends," "believes," "plans," "anticipates," "approximately," and "likely," also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure, disruption of communications services marketplace, and due to natural disaster. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995.
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