CAMPBELL, Calif., March 25, 2003 (PRIMEZONE) -- Reality Wireless (OTCBB:RWNT) announced today it has upgraded its e-mail service to address its subscriber growth in its first market, Campbell, California. "Our job is to provide top quality wireless broadband services to businesses, municipal groups, and households in our targeted markets," said Rick Ramirez, Executive VP of Business Development. "By outsourcing the email solution we are able to provide a stable, scalable, highly secure and cost effective service to our valued customers. Customer set-up times have been greatly improved and this will be crucial in meeting our six month projected deployment and penetration targets."
The company selected Netmagic Internet Communications Inc., also of Campbell, CA. "We selected Netmagic for a variety of reasons, but reputation, proximity and longevity were certainly key factors in the decision process," added James Slayden, Director of Network Engineering at Reality Wireless Networks, Inc. "The Netmagic team is responsive with a 24/7 attitude which fits well with our own."
Ramirez added, "This is a small, but crucial step in providing the value added services broadband customers expect from a premium wireless services provider. We anticipate launching additional services to our customers in the near future." The initial deployments will pass a group of communities with better than 50,000 households. 10% penetration rates for premium services is anticipated. The Company currently charges $69.99 per month for its consumer services.
About Reality Wireless Networks (http://www.realitynetworks.com): Delivers fixed wireless, 802.11, and fiber to markets either underserved or not served by DSL and cable modem technologies. Currently operational in California, the company has targeted markets including residential, SOHO, and multi-unit apartment complexes across the country. For more information, please contact: ir@realitynetworks.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain statements in this press release constitute forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Reality Wireless Networks, Inc. (collectively, referred to as ``Reality,'' ``we,'' ``us,'' ``our,'' and/or the ``company''), or developments in the company's industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the company's limited operating history, lengthy sales cycles, the company's dependence upon a relative concentration of customers, competition, product development risks and risks of technological change, dependence on selected vertical markets and third-party relationships and suppliers, and other risks and uncertainties.