SOURCE: 5G Wireless

July 17, 2007 06:00 ET

5G Wireless Signs Service Agreement With Ibis Trail at Covington in Louisiana

MARINA DEL REY, CA--(Marketwire - July 17, 2007) - 5G Wireless Communications, Inc. (OTCBB: FGWI), a leader in the wireless broadband industry, designing, manufacturing, installing and operating networks at many university and college campuses, hospitality and time share locations, healthcare and senior care facilities, announced today that it has begun offering wireless Internet service to residents at Ibis Trail apartment communities in Covington, Louisiana. Using forty-four 5G Wireless 650 Base Stations, wireless access will be available throughout the community, indoors and out, covering twenty-two buildings and all common areas such as clubhouses, game rooms, and poolside.

"5G Wireless installed its equipment providing our residents with a secure and dependable Internet solution. The entire deployment was smooth from start to finish and was completed in less than one week," said Marco Castro, Director of IT for Astor Companies. "Residents are looking for mobility, convenience, affordability and ease of use and 5G is delivering this complete solution." Castro added, "Seeing is believing and once we experience the 5G solution, we are certain to expand into other Astor properties."

For Astor residents, users simply register once and then are able to connect. The simplicity of the 5G service eliminates the hassle and expense of extra equipment such as cable or DSL modems and additional wireless routers, and the wireless coverage is everywhere! Users who don't have a built-in wireless Wi-Fi modem in their computers can purchase one online or at most computer stores.

"We are excited about our relationship with Astor Companies," said Don Boudewyn, 5G Wireless Executive Vice President and Director of Business Development. "Our solution offers a simple, turnkey wireless service that can be offered to current and potential residents to further enhance the property's amenities. We are also looking forward to becoming a leader in the emerging industry of managed high-speed wireless Internet services to multifamily communities," continued Boudewyn. "This vertical fits right into our recurring business model, which is meeting all of our expectations."

5G offers property managers, REITs (Real Estate Investment Trusts) and individual multifamily community owners a valuable, competitive differentiator and a new way to achieve higher occupancy and strong rental rates, ultimately satisfying the needs of today's connected generation of tenants.

About Astor Management

Astor's vision for the future is to continue to grow from a South Florida development company into a national full-service homebuilder. Currently, the organization has over 1,000 residences under development, with more on the horizon. The Astor Companies' current and future projects include: Brickell Vista, Gateway to the Grove, Valencia South Miami, Nordica, Nordica on Eight, Ibis Trail and the Offices at Brickell Vista. Astor Companies is located in Miami, FL. For additional information call 305.858.6911 or visit www.astorcompanies.com.

About 5G Wireless Communications, Inc.

5G Wireless Communications, Inc. is a wireless systems infrastructure company with technology and network architecture based on standard IEEE 802.11b/g Wi-Fi equipment. The 5G Wi-Fi system functions through macro-cell base stations deployed in key areas, while dead spots are filled in with smaller micro cells following the proven deployment strategy used today by cellular carriers. This type of structural design allows for a well-tailored combination of cells resulting in the ability to add higher capacity where and when needed. 5G Wireless Base Stations have the advantage of multiple usage and varying functionalities for both the private and public sectors, including governance and administration for government departments, security and intelligence purposes, and educational uses, as well as for the management of data by businesses and companies. 5G Wireless' value proposition -- significantly increased performance at the lowest possible Total Cost of Ownership (TCO) -- is quickly becoming a key consideration in the strategic deployment of the wireless experience. The company is located in Marina del Rey, CA. For additional information call 800.916.1611 or visit www.5gwireless.com.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise which could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited, to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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