HENDERSON, Nev., Feb. 1, 2005 (PRIMEZONE) -- Alpha Wireless Broadband, Inc. (OTCBB:AWBI), and its wholly owned subsidiary Skyy-Fi, Inc., a wireless Internet solution company, announced today that it completed installation of its largest wireless Wi-Fi location to date. Albert Reda, interim President for Skyy-Fi stated, "With the completion of the installation of the Ramada Inn, Norwalk, California, which has over 500 guest rooms, it shows that the Company has the ability to engineer and install large Wi-Fi hot spots and therefore the Company will now concentrate its marketing to hospitality industry."
The installation of the Ramada Norwalk increases the total Skyy-Fi hotspots to 26. These locations are listed on the Skyy-Fi website (www.skyyfi.com). The remaining major addition to the Skyy-Fi service is the 24/7 tech support that is scheduled to be activated by March 2005.
"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995:
Statements about the expected future prospects of our business, our outlook for earnings per share in 2004, statements about our outlook for internal revenue growth in 2004 and 2005, and all other statements in this release other than historical facts, constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. All statements we make relating to estimated and projected earnings, margins, costs, expenditures, cash flows, growth rates and financial results are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Some of the factors that we believe could affect our results include: general economic and market conditions, including the lingering effects of the economic slowdown and services revenue; the overall condition of the bank card industry, including the effect of any further consolidation among financial services firms; the regulatory, credit and market risks associated with our operations; the integration of acquired businesses, the performance of our businesses; the effect of war, terrorism or catastrophic events; the timing and magnitude of sales; the timing and scope of technological advances; the ability to retain and attract customers and key personnel; and the ability to obtain patent protection and avoid patent-related liabilities in the context of a rapidly developing legal framework for software and business-method patents. The factors described in this paragraph and other factors that may affect our business or future financial results and when applicable, are discussed in our filings with the Securities and Exchange Commission, including our Form 10-K, a copy of which may be obtained from us without charge. 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.
About Skyy-Fi, Inc.
Skyy-Fi, Inc. is a wireless Internet solution provider for Wi-Fi, which is the next generation of communication, pushing the future of this high-speed wireless data, voice and video communication to hotels, restaurants, coffee houses, and cafes, anywhere a mobile person needs to get connected. Skyy-Fi is forging a network of Wi-Fi Hot Spots around the country to allow the mobile businessperson to connect anywhere, anytime.
For additional information please visit the Company's website at www.awbi.biz or the Skyy-Fi website at www.skyyfi.com, and or contact the Company at 866-891-1500, and/or via email; at pr@skyyfi.com and or info@awbi.biz.
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