SOURCE: Unity Wireless Corporation

May 29, 2007 03:00 ET

Wallstreetamerica.ca Commences Editorial Coverage of Unity Wireless Following Recent Fortune 500 Orders

BELLINGHAM, WA and CALGARY, AB--(Marketwire - May 29, 2007) - Wall Street Financial Corp., a leading Financial hub committed to discovering tomorrow's small-cap breakthroughs, has announced the online release of Unity Wireless Corp. (OTCBB: UTYW) as a result of Unity's recent new contracts with several Fortune 500 wireless carriers and equipment manufacturers:

--  Apr 26, 2007 -- Unity Wireless receives forecast increase to $1.2
    million & first production orders from US Fortune 500 Wireless
    Manufacturer.
    
--  Apr 17, 2007 -- Unity Wireless has received yet another purchase order
    for over $600,000 from one of India's largest Wireless operators. This
    latest order for Unity's Coverage Enhancement product line brings the total
    from this tier-one operator for delivery in the first half of 2007 to over
    $1.5 million.
    
--  Apr 12, 2007 -- Motorola India selected Unity's indoor repeaters as
    part of the infrastructure build out for a Delhi-based wireless network
    operator.
    
--  Mar 21, 2007 -- Unity Wireless receives $1,000,000 purchase order from
    Nokia India.
    
--  Jan 25, 2007 -- Unity Wireless begins installation of repeaters for
    Indonesia's largest GSM Network Operator. Part of an ongoing contract with
    PT Telekomunikasi Indonesia and the Singapore Telecom Group's (Singtel)
    TELKOMSEL.
    
--  Nov 28, 2006 -- Unity Wireless released an update on its on going
    supply agreement with one of Russia's largest Wireless Network Operators.
    The Operator forecasts that planned deployment of the full $2,000,000
    series to be completed by the end of the year.
    
--  Nov 16, 2006 -- Unity Wireless succeeds with North American Tier-One
    OEM. Receives first PO for development stage of Homeland Security Project
    with series of orders to exceed $1 million.
    
Wallstreetamerica.ca will provide ongoing coverage of this unique company. Investors can access the coverage at http://www.wallstreetamerica.ca.

About Unity Wireless

Unity Wireless is a world-class provider of wireless coverage enhancement solutions for cellular operators and custom subsystems for network infrastructure manufacturers. For more information about Unity Wireless, visit www.unitywireless.com.

Forward-Looking Statements

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are subject to a number of risks and uncertainties, including without limitation, changes in external market factors including the economy, and other risks and uncertainties indicated in the Company's most recent SEC filing on form SB-2. Actual results could differ materially from the results referred to in the forward-looking statements.

Contact Information

  • Investor Contacts:

    Talal Fouani
    Wall Street Financial Corp.
    (403) 616-8472

    Mike Mulshine
    Osprey Partners
    (732) 292-0982

    Noam Yellin
    Middle East Investor Relations
    +972 (3) 695-4333