CLEARWATER, Fla. , July 17, 2003 (PRIMEZONE) -- Brent Kovar, President of SkyWay Communications Holding Corporation (OTCBB:SWYC), and its wholly owned subsidiary, Sky Way Aircraft, Inc., announced today that he has received notification from the U.S. Patent Office, Washington, D.C. that effective July 1, 2003, the Patent Pending application for his high-speed digital data transmission model, which is currently licensed to SkyWay, had been approved and granted. This, now patented technology, has served as the operational backbone to the SkyWay Wireless Internet Service Network located in Tampa, Fl. It has also been utilized to support the communications infrastructure for the research and development testing of a similar wireless technology, which will be utilized in the Sky Way Aircraft air-to-ground applications.
Technology developer and President of SkyWay, Brent C. Kovar, proudly acknowledged that the acceptance of his technology model represents a significant milestone in his life. The new Patent on this technology enables SkyWay to continue to develop both its ground and aircraft network with the knowledge that the heart and brain of the Company's business plan is patent protected from infringements or misappropriations.
About Sky Way Aircraft, Inc.
Sky Way Aircraft, Inc. is a Clearwater, Florida based company that is developing a unique ground to air in-flight aircraft communication network that it anticipates will facilitate homeland security and in-flight entertainment. Sky Way Aircraft is focused on bringing to the market a network supporting aircraft-related service including anti-terrorism support, real time in-flight surveillance and monitoring, WIFI access to the Internet, telephone service and enhanced entertainment service for commercial and private aircraft throughout the United States. Based on the final upgrading of a previous airborne telephone and communications network, Sky Way Aircraft intends to provide broadband connectivity between the ground and in-flight aircraft throughout the U.S. using technology that provides a broadband high-speed data transmission. Sky Way Aircraft intends to be the communications solution for commercial and private aircraft owners wanting real time access to on-board security systems, aircraft health and welfare monitoring, avionics operations and for passengers wanting real time high-speed access to the internet. Their network will enable applications that can personalize the in-flight entertainment experience, provide real time access to flight management avionics with long-term data storage and also support for ground monitoring of in-flight surveillance systems that are being designed with the goal of enhancing current airline security standards.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
For more information regarding SkyWay Communications Holding Corp., please contact: Brent Kovar, President (727) 535-8211 or www.skywayaircraftsecurity.com