HENDERSON, Nev., Jan. 26, 2005 (PRIMEZONE) -- Today, Mr. Reda, President of Alpha Wireless Broadband, Inc. (OTCBB:AWBI) announced the acquisition of the Phenom ((tm)pending) software program by AWBI's subsidiary, Seamless Peer 2 Peer, Inc. Seamless allows the Company's other subsidiary, Skyy-Fi, Inc. to offer its Wi-Fi clients increased security when using its Skyy-Fi locations which is unique to the Wi-Fi industry.
Mr. Reda continued, "And with the addition of Mr. Rippy, as President of Seamless Peer 2 Peer, Inc., coupled with his knowledge and experience in the software development and programming industry, we are confident of the continued development of the Phenom software program, thus enhancing its viability and marketability."
Phenom software provides secure communication over Wi-Fi, Local Area Network (LAN), and Wide Area Network (WAN) networks with its proprietary, Virtual Internet Extranet Networks, (VIEN). Using RSA's government certified 256 bit AES encryption coupled with RSA's Public Key Infrastructure (PKI) for authentication Phenom provides individuals and corporations with secure Peer Mail, Chat, File Transfer, up to 2 MB downloads and remote PC access. Phenom also includes an Application Protocol Interface (API) that supports Voice over Internet Protocol (VoIP), White Boarding and Video Voice conferencing.
About Seamless Peer 2 Peer, Inc.: Seamless is a developer of proprietary software programs designed to provide secure wireless transmission, and supports Voice over Internet Protocol and Internet video conferencing. Seamless is a subsidiary of Alpha Wireless Broadband, Inc.
About Alpha Wireless Broadband, Inc.: Alpha operates a wholly owned subsidiary Skyy-Fi, Inc., which is a wireless Internet solution provider for Wi-Fi which is the next generation of communication, pushing the future of this high-speed wireless data, voice and video communication to hotels, restaurants, coffee houses, and cafes, anywhere a mobile person needs to get connected. Skyy-Fi is forging a network of Wi-Fi Hot Spots around the country to allow the mobile businessperson to connect anywhere anytime.
"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995:
Statements about the expected future prospects of our business, our outlook for earnings per share in 2004, statements about our outlook for internal revenue growth in 2004 and 2005, and all other statements in this release other than historical facts, constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Some of the factors that we believe could affect our results include: general economic and market conditions, including the lingering effects of the economic slowdown and services revenue; the overall condition of the bank card industry, including the effect of any further consolidation among financial services firms; the regulatory, credit and market risks associated with our operations; the integration of acquired businesses, the performance of our businesses; the effect of war, terrorism or catastrophic events; the timing and magnitude of sales; the timing and scope of technological advances; the ability to retain and attract customers and key personnel; and the ability to obtain patent protection and avoid patent-related liabilities in the context of a rapidly developing legal framework for software and business-method patents. The factors described in this paragraph and other factors that may affect our business or future financial results and when applicable, are discussed in our filings with the Securities and Exchange Commission, including our Form 10-K, a copy of which may be obtained from us without charge. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
For additional information please contact: Mr. Reda at 775-588-2387 or via email at arreda@awbi.biz or Mr. Rippy at 702-353-0488, or via email at lrippy@seamlessp2p.net or visit Seamless web site at www.seamlessp2p.net .