LAS VEGAS, Aug. 31, 2005 (PRIMEZONE) -- Seamless Wi-Fi, Inc. (OTCBB:SLWF) announced that its CEO, Albert Reda, has made additional open market purchases of SLWF shares. Over the last several weeks, Mr. Reda has purchased a total of 300,000 shares from as low as one cent per share ($0.01) to as high as today's purchase price of 13.4 cents per share ($0.134).
"As previously announced, I have made and will continue to make investments in our company," said SLWF CEO Al Reda. "Our stock has appreciated significantly as of late. At these levels, it continues to present a compelling opportunity for me. As CEO, it's important for me to demonstrate my enthusiasm for the progress our company continues to make. And as a stakeholder, it's equally important to convey my ongoing commitment to the company and to all shareholders."
Form 4's have been filed, as required by the SEC, and can be viewed by going to www.sec.gov.
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 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.