LAS VEGAS, Aug. 9, 2005 (PRIMEZONE) -- Seamless Wi-Fi's (OTCBB:SLWF) President and CEO announced today that he purchased 200,000 shares of SLWF in the open market. The purchases occurred during last two weeks of July 2005 at an average price of about one cent ($0.01).
This is the first time that the CEO, Albert Reda of SLWF, has purchased shares in the open market. The Company is extremely pleased that the CEO has this much confidence in the future prospects of the Company by purchasing shares in the open market. Mr. Reda has expressed that he expects to continue to make future purchases in the market and will file all appropriate forms with the SEC if such future purchases are made. Recently, Seamless reorganized the operations of the company positioning itself for quick expansion of the fundamental operations of SLWF.
Seamless Wi-Fi has been developing new software for distribution and has received great interest for these current software products that are in the final phases of development. This was cited as a major reason for Mr. Reda in making these initial purchases in the open market. A Form 4 has been filed as required with the SEC and can be viewed by going to www.sec.gov.
"I believe that there exists a greater value in our Company than currently perceived in the marketplace," said Mr. Reda. "I can think of no better investment for me right now than to invest in my own Company. We appear to be on the verge of tremendous growth in sales. The Company's future appears brighter than it ever has."
About Seamless Wi-Fi, Inc.
Seamless (formerly Alpha Wireless Broadband, Inc.) operates two subsidiaries that provide wireless communications products and services, Seamless Peer 2 Peer, Inc. and Seamless Skyy-Fi, Inc.
For additional information please go to the following websites: Seamless: www.slwf.net; Skyy-Fi: www.skyyfi.com; and for Seamless Peer 2 Peer: www.seamlessp2p.net
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as SLWF or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. 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.