BELLEVUE, Wash., May 22, 2001 (PRIMEZONE) -- Unity Wireless Corporation (OTCBB:UTYW), a leading provider of high performance RF (radio frequency) power amplifiers to the wireless industry, today announced that it has entered into service agreements with two New York Metro-based companies to expand strategic alliances and enhance shareholder value.
The investment banking firm Mueller & Co., which specializes in emerging growth markets, will be providing a range of services, including business planning and investment banking. "We expect to leverage many of the relationships that we have to bring opportunities to the Company," said Mueller & Co. President, Mark Mueller. "We believe that the financial community will respect the aggressive growth opportunities and turnaround at Unity Wireless. The Company has taken great strides in focusing on core competencies and has generated positive efforts to date."
John Robertson, Chief Executive Officer, announced that, "we expect that an aggressive investment banking and corporate communications strategy will enable the industry as well as our investors to learn of the success of our Ultratech line of RF power amplifiers as we increase market penetration."
The investor relations agency Ideas Inc., will bring these critical plans to the attention of the financial community through a combined effort at investor communications and strategic marketing. Their management teams bring decades of agency experience to bear on marketing and business challenges, and have been involved in efforts for Lucent, Sears, Kodak, AT&T, Merrill Lynch, Time Warner, Motorola, GTE, the United States Postal Service, and GM.
Management believes that global market demand for RF power amplifiers will continue to develop as the heart of wireless networks. These alliances will enable the Company to further promote the growth of the UltraTech line and extend the Company's performance and reach beyond existing relationships.
About Unity Wireless Corporation (www.unitywireless.com)
Thousands of Unity Wireless's UltraTech family of high performance RF (radio frequency) power amplifiers are utilized in current wireless networks supporting cost effective, reliable end-to-end voice and data communications. We support current and next generation network technologies including Cellular, PCS (Personal Communications Services - TDMA, CDMA, GSM), IP Gateways, Paging, WLL (Wireless Local Loop), BWA (Broadband Wireless Access) and 3G (third generation) W-CDMA frequencies. Designed, assembled, tuned and tested in our Burnaby, British Columbia facility, UltraTech amplifiers ensure maximum efficiency and performance.
This news release includes statements that constitute forward-looking statements, including statements about the potential for corporate opportunities and other benefits from the Company's investment banking relationship and the Company's corporate communications and strategic marketing efforts, and statements about market demand for wireless network components. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.