SOURCE: Seamless Wi-Fi, Inc.

June 12, 2007 08:45 ET

Seamless Wi-Fi Satisfies and Retires $4.9 Million Loan Debt With Ayuda Funding

LAS VEGAS, NV--(Marketwire - June 12, 2007) - Seamless Wi-Fi, Inc. (OTCBB: SLWF) today announced that the Company has entered into and fulfilled the requirements of a Loan Satisfaction Agreement with Ayuda Funding Corp., a Nevada corporation ("Ayuda"). Terms of the agreement stipulated that to retire the debt in full Seamless Wi-Fi transfer 1,000,000 shares of common stock of 1st Global Financial Corporation, a Nevada corporation, and 500,000 shares of common stock of DLR Funding, Inc., a Nevada corporation, (collectively, the "Repayment Shares") to Ayuda as payment in full of the three separate loans made by Ayuda to the Company with an aggregate balance of $4,904,508.03. The transfer of the loans from the Company to Ayuda has been completed and have been deemed satisfied in full.

"We thank Ayuda for providing the financing we needed to complete the development and launch of our S-XGen UMPC and Phenom Secure Collaboration software products," said Albert Reda, Chairman of Seamless Wi-Fi, Inc. "Ayuda provided funding when it was most crucial for the future of Seamless. Now that our new products are on the market and gaining good traction, I am happy to be able to retire the loans and focus on building our businesses and a solid financial underpinning for the long term future of the Company."

"We value our relationship with Seamless and are gratified to have been able to help them bring their unique and valuable products to market," said Manny Bello, Ayuda Funding Corp.'s chief executive. "We are extremely pleased that they have satisfied the loans and that we have, in some small part, helped Seamless to realize its business potential."

ABOUT AYUDA FUNDING

Ayuda Funding Corp. is an independent lending institution based in Carson City, Nevada with offices in New York and New Jersey, with a 20+ year track record of developing and completing financing alternatives for public companies, top management and real estate developers based upon collateralized assets. Ayuda's management team combines creative financing expertise and vision to unlock value and resources through working intimately with their clients to understand their assets, needs and potential. For more information about Ayuda please call 1-877-298-3248 or visit the web site at www.ayudafunding.com.

About Seamless Wi-Fi:

Seamless Wi-Fi, Inc. (www.slwf.net) is a Las Vegas-based company listed on the OTC Bulletin Board under the symbol SLWF. Seamless Wi-Fi develops and markets secure cutting-edge internet communications products and services through its three operating subsidiaries: Seamless Skyy-Fi, Inc., Seamless Peer 2 Peer, Inc., and Seamless Internet, Inc. Seamless Skyy-Fi, Inc. (www.skyyfi.com) has Wi-Fi hotspots and is developing the "Secure Internet Browsing" Wi-Fi encryption software program "SInB™." Seamless Peer 2 Peer, Inc. (www.seamlessp2p.net) has developed and launched Phenom™ V3.0, its Secure Peer 2 Peer Virtual Internet Extranet encryption software, which provides SOX and HIPAA-compliant internet communications over standard internet services. Seamless Internet, Inc. (www.seamlessinternet.com) is manufacturing and marketing the S-Xgen™ Ultra Mobile Personal Computer and Communications Device including a 3G phone that combines portability, connectivity, processing power and entertainment capabilities for the ultimate road-warrior laptop replacement. Seamless Internet also provides secure hosting services for all Seamless Wi-Fi company clientele.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Seamless Wi-Fi or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.

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