SOURCE: Telava Networks, Inc.

April 28, 2008 09:15 ET

Telava-IBFA Acquisition and Regulatory License Transfer Near Completion

SAN FRANCISCO, CA--(Marketwire - April 28, 2008) - With reference to the press release of January 16, 2008, Telava Networks, Inc. (OTCBB: TLVA) announced today the Company has completed eighty percent of regulatory licenses transfer for IBFA Acquisition Company, LLC (IBFA). The operations will continue to be under the auspices of a Management Agreement between the two entities until all regulatory transfer of licenses has been completed. IBFA began operations in 1995, and is a licensed Competitive Local Exchange Carrier (CLEC), long distance provider, and Internet Service Provider (ISP) based in the Midwest.

Baldwin Yung, President of Telava commented: "We are enthusiastic about the transaction approaching the last mile and expect that the consolidated financial result of IBFA and Telava would truly reflect on the second quarterly report. We look forward to seeing significant impact to our underlying financials on a consolidated basis."

About Telava Networks, Inc.

Built on carrier-class network infrastructure, Telava Networks, Inc. is an Integrated Communications Provider (ICP) of wireless broadband connectivity for next-generation fixed and mobile innovative applications. Telava has launched wireless high-speed Internet services in both metro and rural markets. In addition to other assets, the Company owns a wireless broadband network covering more than 45 cities and 22 states. The Company is headquartered in San Francisco and offices in China, South Korea, and the Philippines.

This News Release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove correct.

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