SOURCE: WiFi Wireless, Inc.

July 14, 2005 14:39 ET

WiFi Wireless, Inc. Announces Association With Diamond Arrow LLC for Acquisition of Wireless IP

ALISO VIEJO, CA -- (MARKET WIRE) -- July 14, 2005 -- WiFi Wireless, Inc. (OTC: WFIW)

WiFi Wireless, Inc. announced today an association with Diamond Arrow LLC for the acquisition of WIRELESS IP which will facilitate completion of both the WiFi Wireless, Inc. chip and antennae system for commercial delivery of a 20 mile or more radius of high speed internet access.

This development is a direct result of the new and very important work for hire agreement announced July 8, 2005, which replaced the work for hire agreement with Avalon RF, due to their inability to perform in a timely manner. After protracted due diligence regarding the proposed purchase of a majority interest of Avalon RF, announced January 18, 2005, all parties agreed that the earlier delivery schedule for the proprietary design conceived by WiFi Wireless Chairman Gene Curcio was beyond the capacity of Avalon RF.

Delivery of viable demonstration technology is now expected before September 1, 2005.

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