Wireless Age Communications, Inc.

Wireless Age Communications, Inc.

January 05, 2005 10:31 ET

Wireless Age Reports Record Revenues During Fourth Quarter



OTC Bulletin Board SYMBOL: WLSA

JANUARY 5, 2005 - 10:31 ET

Wireless Age Reports Record Revenues During Fourth

TORONTO, ONTARIO--(CCNMatthews - Jan. 5, 2005) - Wireless Age
Communications, Inc. (OTCBB:WLSA) announced today that unaudited
revenues for the fourth quarter of fiscal 2004 were approximately $4.7
million. Revenues during the month of December were approximately $1.7
million and year to date revenues for fiscal 2004 were approximately
$15.1 million.

December retail strategic business unit (SBU) revenues were $1,126,407
and wholesale revenues were $577,872. The Retail Strategic Business Unit
completed 2,232 new activations during the month, bringing the number of
customers under contract to approximately 41,600 at year end.

John G. Simmonds, CEO of Wireless Age commented: "We started with fiscal
2002 revenues of only $1.7 million. We successfully increased revenues
to $9.3 million during fiscal 2003 and in 2004 we achieved slightly over
$15.1 million. That increase represents a two year average annual
compound rate of about 150%. The one month 4% increase in customer base
is also outstanding. Often the early stages of a steep growth strategy
are difficult to control, our employees are proving anything is

About Wireless Age Communication Inc.

Wireless Age Communications Inc. operates three Strategic Business Units
(SBUs). They consist of Wireless Age for the retail sector, Wireless
Source covering wholesale/distribution and Wireless Works is the
Company's networks and engineering division.

Wireless Age retail outlets market and sell next generation wireless
products and services. Wireless Source distributes prepaid phone cards,
wireless accessories, land mobile radios, batteries and ancillary
electronics products throughout North America. Wireless Works operates
broadband public access and private networks and develops and deploys
consumer and commercial products for use on those networks.

Wireless Age's retail operations (Wireless Age) are conducted through
its 94% owned subsidiary Wireless Age Communications, Ltd. Wholesale
operations (Wireless Source) are conducted through its wholly owned
subsidiaries Wireless Source Distribution Ltd., Marlon Distributors
Ltd., Prime Wireless Corporation and the A.C. Simmonds and Sons
operating division. Networks and engineering operations (Wireless Works)
are conducted through agreements with Knowlton Pass Electronics Inc. and
Maxtel Wireless Inc.

Wireless Age has an investment in Azonic Corporation which plans to
market low cost, wireless devices including cellular phones. One such
phone is designed to be located in glove boxes, first aid kits and
emergency supply packages and used for emergency purposes. Another is a
prepaid wireless phone designed to be used in the low cost and
short-term usage markets.

For additional information about Wireless Age Communications Inc. or its
subsidiaries, please visit our website at www.thewirelessage.com or
review our periodic filings with the Securities and Exchange Commission
at http://www.sec.gov.

This press release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on currently available competitive,
financial and economic data and management's views and assumptions
regarding future events. Such forward-looking statements are inherently
uncertain. Wireless Age Communications, Inc. cannot provide assurances
that the matters described in this press release will be successfully
completed or that we will realize the anticipated benefits of any
transaction. Actual results may differ materially from those projected
as a result of certain risks and uncertainties, including but not
limited to: global economic and market conditions; the war on terrorism
and the potential for war or other hostilities in other parts of the
world; the availability of financing and lines of credit; successful
integration of acquired or merged businesses; changes in interest rates;
management's ability to forecast revenues and control expenses,
especially on a quarterly basis; unexpected decline in revenues without
a corresponding and timely slowdown in expense growth; our ability to
retain key management and employees; intense competition and our ability
to meet demand at competitive prices and to continue to introduce new
products and new versions of existing products that keep pace with
technological developments, satisfy increasingly sophisticated customer
requirement and achieve market acceptance; relationships with
significant suppliers and customers; as well as other risks and
uncertainties, including but not limited to those detailed from time to
time in Wireless Age Communications, Inc.'s SEC filings. Wireless Age
Communications, Inc. undertakes no obligation to update information
contained in this release. For further information regarding risks and
uncertainties associated with Wireless Age Communications, Inc.'s
business, please refer to the risks and uncertainties detailed from time
to time in Wireless Age Communications, Inc.'s SEC filings.

Source: Wireless Age Communications, Inc.


Contact Information

    Wireless Age Communications, Inc.
    John Simmonds
    Chairman & C.E.O.
    (905) 833-0808 ext 223
    (905) 833-6942 (FAX)
    Martin E. Janis & Company, Inc.
    Beverly Jedynak
    (312) 943-1100 ext. 12