CLEARWATER, Fla., July 11, 2003 (PRIMEZONE) -- SkyWay Communications Holding Corp. (OTCBB:SWYC) and its wholly owned subsidiary, Sky Way Aircraft Inc., announced today that on June 25, 2003 they executed a Letter of Intent (LOI) with Southeast Airlines. Conditions of the LOI call for the installation of the Sky Way Aircraft System on the entire fleet of Southeast Airlines aircraft. The Sky Way Aircraft System shall include high-speed wireless Internet, advanced In Flight Entertainment (IFE), Flight Management Avionics Data Links (FMADL), in-flight security and archiving of monitored information, air filtration system monitoring and, upon approval, cellular micro-cells to facilitate passengers personal cell phone use.
"Southeast Airlines will be able to offer their passengers true high-speed Internet access and the most advanced in-flight entertainment system available today while at the same time surrounding them in the safest and most secure flying environment in the air", according to Brent Kovar, President of SkyWay Communications Holding Co. Mr. Kovar went on to say that Southeast operations will be able to reduce their maintenance costs, down-time and delays by utilizing information made available to them through the AVIONICS monitoring package included in the Sky Way System.
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.