SOURCE: NextPhase Wireless

June 04, 2007 08:45 ET

NextPhase Wireless Signs Letter of Intent to Acquire Florida ISP

ANAHEIM, CA--(Marketwire - June 4, 2007) - NextPhase Wireless (OTCBB: NXPW), a next-generation wireless company that specializes in integrated Internet, voice and data communication, today announced that it has signed a letter of intent to acquire DSL Express, an Internet services provider based in Fort Lauderdale, Florida. The deal is forecast to add over $1.2MM in annualized revenues and to be accretive to NextPhase earnings. It will be an all-cash transaction.

Founded in 1999, DSL Express is a leading regional ISP, providing Internet connectivity, Voice over IP (VoIP) and data communication services to business customers throughout Southern Florida. Based in Fort Lauderdale, Florida, DSL Express has regularly been recognized as one of Florida's premiere ISPs, providing broadband connectivity at speeds up to 100Mbps.

"DSL Express is a highly respected business-class ISP, providing high-speed multi-megabit connectivity services to customers in the fast-growing Southern Florida market since 2000. Not only will the acquisition add to our revenues and positive cash flow, the addition of Metro-Ethernet Fiber-Optic and VoIP services further strengthens our market-leading portfolio of connectivity products and services, enhances our position in the multi-tenant unit (MTU) market and further extends our geographic reach," said Robert Ford, NextPhase's President and CEO.

Since the beginning of the year, NextPhase has continued to expand organically, with rollouts in Northern California, Oregon and Arizona, with further rollouts scheduled throughout the year for further key states in the Western and Southeast regions. With the acquisition of DSL Express (and the pending acquisition of InterActive Network Services, a leading regional ISP based in Blackwood, New Jersey, which is set to close later this month), the Company is signaling its intent to enter other target markets. NextPhase's goal is to become the nationwide broadband connectivity provider of choice, delivering its growing portfolio of wired and wireless broadband services to customers in the contiguous 48 states. NextPhase Wireless is expected to generate substantial revenues and increased market valuation from this aggressive expansion program.

About NextPhase Wireless, Inc.

NextPhase Wireless is a next-generation connectivity company that specializes in delivering integrated Internet, voice and data communication solutions to its customers. The Company designs, deploys and operates its own wireless networks and also provides wireless technology solutions to businesses and municipalities. The Company is a member of the WiMAX Forum™ and the Wireless Communications Association International (WCA). Leveraging its full-service capabilities and world-class infrastructure, NextPhase Wireless offers a comprehensive portfolio of broadband solutions that meet customers' needs today, and can anticipate and grow to meet their needs of tomorrow. Visit us at http://www.npwireless.com and http://www.speedfactory.com.

About DSL Express

DSL Express is a leading regional ISP, providing Internet connectivity, Voice over IP (VoIP) and data communication services to business customers throughout Southern Florida. Founded in 1999, DSL Express has regularly been recognized as one of Florida's premiere ISPs, providing broadband connectivity at speeds up to 100Mbps. Visit us as http://www.dslx.net.

This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.

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