SOURCE: NextPhase Wireless

March 14, 2007 08:45 ET

NextPhase Wireless Signs Letter of Intent to Acquire New Jersey ISP

ANAHEIM, CA -- (MARKET WIRE) -- March 14, 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 InterActive Network Services (INS), an Internet services provider based in Blackwood, New Jersey. The deal is forecast to add over $500K in annualized revenues and to be accretive to NextPhase earnings. It will be an all-cash transaction.

Founded in 1995, INS is a leading regional ISP, providing connectivity, web hosting and co-location services to educational, business and municipal customers in the Mid-Atlantic region. Based in Blackwood, New Jersey, INS has been voted 'The Best ISP in South Jersey' every year from 2000 to 2006 inclusive.

"INS is a highly respected business-class ISP, providing high-speed multi-megabit connectivity services to customers in Philadelphia and the Mid-Atlantic region since 1995. Not only will the acquisition add to our revenues and positive cash flow, it further strengthens our market-leading portfolio of connectivity products and services, enhances our position in the educational and municipal markets 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 and Oregon, with further rollouts scheduled for key Western states and the Southeast region throughout the year. With the acquisition of INS, the Company is signaling its intent to enter other target markets, starting with the key Mid-Atlantic region, through a series of acquisitions. 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 InterActive Network Services, Inc.

InterActive Network Services, Inc. is a leading regional ISP, providing connectivity, web hosting and co-location services to educational, business and municipal customers in the Mid-Atlantic region. Founded in 1995, InterActive Network Services, Inc. has been voted 'The Best ISP in South Jersey' every year from 2000 to 2006 inclusive. Visit us as http://www.ins-business.com and http://www.jersey.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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