MIAMI LAKES, Fla., Jan. 25, 2005 (PRIMEZONE) -- Calypso Wireless, Inc. (Pink Sheets:CLYW), an emerging leader in advanced wireless telecommunications technology, announced today that it has hired Phoenix IR Associates, Inc. to design and execute a fully integrated, interactive shareholder relations program for the company. Phoenix was chosen primarily because of the extensive experience its staff has working with emerging hi-tech and telecommunications companies.
The goal of this new program will be to increase the flow of news and information from Calypso Wireless to its shareholders as well as to open up two-way lines of communications between the company's shareholders and an authorized representative of Calypso Wireless.
"With all of the internal changes going on right now, the establishment of this program was a top priority. Calypso has always held its shareholders in the highest esteem and understands the importance of keeping them informed of developments within the company. That is why we have chosen Phoenix to coordinate this new shareholder relations program. My team and I will work closely with Phoenix to increase the flow of critical, up-to-date information to our shareholders so that they are always fully informed of what we are doing and where we are headed," says George Schilling, President and Chief Executive Officer of Calypso Wireless, Inc.
Calypso's newly launched shareholder relations campaign will include the establishment of a new shareholder information line that will enable investors to speak to a live representative about developments at the company. The company will also work diligently to make sure that all material news gets out to the investment community as quickly as possible, utilizing major wire and news services as well as the posting of this information on the company's newly designed website, which is already under construction and should be relaunched in the coming weeks.
About Calypso Wireless, Inc.
Calypso Wireless has been granted US Patent, titled "Communication system and method." Calypso's patented ASNAP technology enables the user's device to automatically detect any available wireless local area network and then seamlessly switch between the signals of a standard GSM/GPRS link tower and an available short range broadband network such as cable or DSL with Wi-Fi. The integration of ASNAP technology will enable greatly enhanced services such as real time video conferencing via phones or any mobile devise powered with the company's technology. The patent has also given Calypso the rights to offer license agreements to major carriers as well as OEM's.
This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company's expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs.