SAN JOSE, Calif., May 7, 2002 (PRIMEZONE) -- Reality Wireless Networks, Inc. (OTCBB:RWNT) announced today that in connection with the company's capital restructuring effective May 7, 2002, the Nasdaq has issued the company a new ticker symbol. Reality Wireless Networks had been listed and trading under the symbol "RWNI" and effective May 7, 2002, the company's common stock will trade under the ticker symbol "RWNT."
The company will continue to operate under the Reality Wireless Networks name and brand.
Reality Wireless Networks, Inc. is a Campbell, California-based company that specializes in providing high-speed wireless Internet access. Utilizing their modular, "Reality Wireless in a Box" the company's main focus is areas that are under-served or not served at all by traditional services like DSL and Cable modem technology.
About Reality Wireless Networks (http://www.realitywirelessnetworks.com)
Reality Wireless Networks offers broadband wireless services through hybrid networks including fixed wireless, 802.11, and fiber to markets either under-served or not served by DSL and Cable modem technologies. Currently operational in California and the Pacific Northwest, the Company has targeted the residential, SOHO, and multi-tenant unit markets. For more information please contact: ir@realitywirelessnetworks.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 marketing relationships and suppliers, the Company's ability to protect its intellectual property rights and other risks and uncertainties.