SOURCE: Oceana Partners, LLC

March 28, 2007 09:14 ET

Oceana Partners Initiates Coverage on Unity Wireless Corporation

NEW YORK, NY -- (MARKET WIRE) -- March 28, 2007 -- Oceana Partners, LLC today announced that it has initiated research coverage on Unity Wireless Corporation (OTCBB: UTYW). Unity Wireless develops and markets worldwide, mission-critical base station subsystems and coverage enhancement solutions for wireless networks and cellular operators. The company's base station subsystems provide the heart of the base station, the most significant system in a multi-billion dollar network, and its coverage enhancement solutions enable cellular operators to efficiently expand coverage.

Patricia Giberson, Oceana's Research Director, stated that, "the market for Unity's products is very large. Global wireless penetration forecasts, such as the World Cellular Technology Forecast from 3G Americas LLC, project global wireless subscribers will grow from 2.5 billion in 2006 to 4.1 billion by 2011. With this kind of growth comes a need for base station subsystems and enhanced coverage in both mature and emerging markets."

Unity's growth is expected to accelerate in 2007 with a strong backlog from 2006, expanded product offerings, and significant OEM and customer relationships.

The complete 19-page "Initial Research Report" is available at: Report

About Oceana Partners, LLC

Oceana Partners, LLC is an NASD/SIPC investment banking firm and broker/dealer dedicated to providing innovative, professional financial services to, and quality research on, emerging growth companies in the middle, small, and micro-cap markets. The firm strives to identify under-researched, small-cap and micro-cap equities and to increase awareness of these stocks among investors with a high risk orientation. Oceana attempts to identify companies that have reached an inflection point, from which the covered company is expected to enjoy outsized growth in sales and profitability.

About Unity Wireless Corporation

Unity Wireless is a world-class provider of wireless coverage enhancement solutions for cellular operators and custom subsystems for network infrastructure manufacturers.


This report is based on Oceana's independent analysis and judgment. Information, opinions or recommendations contained in this research report are for advisory and information purposes. The facts and information utilized in this research report have been obtained from sources believed to be reliable, but Oceana neither guarantees nor represents the accuracy or completeness of the information.

It is not a recommendation for any particular investor to purchase or sell any particular security. The information contained in this report is subject to change without notice. Oceana and its affiliated persons may hold positions in the securities of its client, but they are prohibited from selling any securities of an Oceana client during the service period to that client. A more complete disclosure is included in the report.

Patricia D. Giberson, the analyst contributing to this report, certifies that the views expressed in this report are an accurate representation of her personal views about the Company and its publicly traded securities.

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. To comply fully with the requirements of this law, Oceana cautions all investors that such forward-looking statements are not guarantees of future performance. Such statements are subject to a number of uncertainties and factors which may cause results to differ materially from those expressed in such forward-looking statements. Readers are urged to do due diligence and to consult the Company's SEC filings to better understand the inherent risks with the Company's securities. No forward-looking statements are a guarantee of future results or events.

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