MIAMI LAKES, Fla., Sept. 21, 2005 (PRIMEZONE) -- Calypso Wireless, Inc. (Pink Sheets:CLYW), a leader in advanced wireless telecommunications technology, announced today that it has retained Mr. David Davila to serve as Calypso's President and Chief Executive Officer in order to bolster Calypso's ability to deliver its product to market and enforce its patent rights. Former Calypso president David Davila, who led Calypso to its successful attainment of its ASNAP(tm) patented technology, for which it was granted U.S. Patent #6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.) is returning as President and CEO.
Davila replaces interim president George Schilling, who will return to serving Calypso in a consulting capacity after having led Calypso during a transitional period. "I am looking forward to leading Calypso as its makes a successful transition from a development company to a fully operational marketer of our dual mode Wi-Fi-GSM-GPRS VoIP cellular phones," said David Davila, President and CEO of Calypso Wireless Inc.
Calypso has also named prominent Miami Attorney and Miami Lakes Commissioner Mr. Michael Pizzi as Executive Vice President and General Counsel. Mr. Pizzi worked for many years for the federal government, before commencing a successful law practice, which culminated in his partnership with the prominent Miami law firm Bierman, Shohat, Loewy and Pizzi. He was previously employed at Morgan, Lewis and Backius where he performed work for American Airlines, Lockhead Martin and Nestle among other companies. Among the tasks for Mr. Pizzi, who spearheaded the recent Calypso equity investment with design firm RV Technology Limited in Hong Kong, will be enforcing the company's patent rights. "I am glad to be part of the Calypso family. I believe that having an on-site General Counsel will help the company fulfill all of its legal needs in a more efficient and cost effective fashion and assist in guiding the company as it moves forward in delivering its cell phones to market worldwide," said Michael Pizzi, Vice President and General Counsel of Calypso Wireless Inc.
Finally, Calypso announced that Cheryl Dotson, former Chief of Staff to Houston Mayor Lee Brown, and innovative businesswomen and Executive, will be assuming the duties of CFO. Ms. Dotson, who formerly worked for KPMG, has extensive experience as an executive at all levels of private and government operations, including the City of Houston, the District of Columbia and other governmental entities. She brings 30 years of experience as a successful CPA, auditor and businesswomen to the Calypso family. During these years, she performed audits, prepared financial statements and developed long term financial and business plans as president of her own consulting company.
"Calypso has brought in a wonderful management team to take the company to the next level as Calypso begins the world-wide marketing of its product," said Julietta Moran, Secretary Board of Directors of Calypso Wireless Inc.
About Calypso Wireless
Calypso Wireless is the company behind the ASNAP(tm) technology for which it was granted U.S. Patent number 6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.).
Calypso's patented ASNAP(tm) technology will enables the cellular phones to automatically detect any available Wireless Local Area Network (WLAN) and then seamlessly switch between the signals of a standard cellular link towers and an available short-range broadband network such as cable or DSL with Wi-Fi), accelerating wireless broadband deployment, thereby creating a platform for revenue sharing between the synergistic companies and increased revenues for them by delivering new added services such and it could also provide significant savings to mobile carriers in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks (WLAN) and IP networks while providing additional sources of revenue. The integration of ASNAP(tm) technology will enable greatly enhanced services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso's cellular phones, PDA's (Personal Digital Assistance) or any mobile devise powered with the company's ASNAP(tm) technology. The patent has also given Calypso the rights to offer license agreements to major mobile and ISP carriers as well as to cellular phones manufacturer and OEM's. Calypso has also built upon its patented ASNAP(tm) technology to create a new technology that could provide 'the' solution that allows satellite radio signals from carriers such as XM Satellite Radio and Sirius Satellite Radio to be readily received by all types of mobile wireless devices, thus generating a new potential revenue stream for both the satellite radio companies and the companies supplying service to mobile phones and devices and the manufacturers and retailers of those devices, as well for the licensing of this technology by Calypso.
Calypso Wireless is a publicly traded company headquartered in Miami Lakes, FL. Its common stock trades under the ticker symbol CLYW. For more information about Calypso Wireless and its products and services, please visit the company's Web site at http://www.calypsowireless.com.
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