SOURCE: W5 Networks

October 24, 2005 06:30 ET

W5 Networks Announces Peter Magowan Joins Board

Former Safeway Chairman & CEO Joins W5's Board of Directors

Fremont, CA -- (MARKET WIRE) -- October 24, 2005 -- W5 Networks, provider of wireless applications for the retail industry, announced today that Peter Magowan has joined the company's Board of Directors.

Magowan, President and Managing General Partner of the San Francisco Giants, is credited with playing a critical role in keeping the Giants in Northern California and building a new ballpark. Prior to the Giants, he spent 35 years with Safeway, Inc. Magowan held the position of chairman and CEO for Safeway from 1980 until 1993. In 2005, he retired from Safeway's Board. He currently sits on the Supervisory Board for DaimlerChrysler and on the Board of Directors for Caterpillar, and has earned many executive and citizenship awards throughout his career.

"Supermarket profitability has been eroding over the last few years. Retailers are in dire need of forward thinking technology solutions such as the ones offered by W5 Networks," said Magowan. "W5 has the right ingredients for success, and I am impressed with the founding team's combination of technology and retail expertise."

"W5 is fortunate to benefit from Peter's experience and insight. His innovative management style and business acumen will be a tremendous asset for our company," said Richard White, CEO, W5 Networks.

About W5 Networks

W5 Networks develops wireless applications optimized for the retail industry. Its initial product is an end-to-end Electronic Shelf Label (ESL) solution based on revolutionary radio architecture. The company is headquartered in Fremont, California. For more information, visit www.w5networks.com.

Contact Information