SOURCE: WiFi Wireless Inc.

WiFi Wireless Inc.

June 03, 2009 06:30 ET

WiFi Wireless Inc. Upgraded to the "Current Information" OTC Market Tier

ALISO VIEJO, CA--(Marketwire - June 3, 2009) - WiFi Wireless Inc. (PINKSHEETS: WFWL), an emerging provider of satellite and wireless cargo container monitoring and tracking systems, announced today that they have submitted the proper disclosure to Pinksheets, and have been upgraded to the "Transparent / Current Information" designation. As part of the disclosure, WiFi Wireless released financial statements for 2006, 2007, 2008 and Q1 2009. The financial statements are available for review at www.Pinksheets.com.

"One of the first steps to build shareholder value, is to be open and transparent, and provide shareholders and prospective shareholders, with a clear and accurate portrayal of the company's financial status," stated Lynn Peterson, President. "We are now in compliance with Pinksheets 'OTC Markets' 'Guidelines for Providing Adequate Current Information,' and are proud to have reached this high level of disclosure."

In order to attract more interest from the institutional investment community, WiFi Wireless Inc. is continuing its efforts to become a fully reporting company, and is in the process of completing a Form 10 Registration Statement, in preparation for filing with the Securities and Exchange Commission (SEC), for listing on the OTCBB.

About WiFi Wireless, Inc.

WiFi Wireless, Inc., (www.wifiwirelessinc.com) develops leading edge, proprietary, technology driven, satellite and wireless cargo container monitoring and tracking systems. These systems provide security in an increasingly complex and vulnerable international supply chain. Along with the hardware system they designed, they have developed proprietary software that is an essential component of the infrastructure of cargo container monitoring systems.WiFi's software has the ability to interface between universally adopted and readily available hardware components, and has been proven to provide a link-level encryption to prevent unauthorized access.WiFi's software has the ability to be integrated on every ship with existing communications systems and existing hardware configurations, utilizing it's software interface capabilities.WiFi's system can communicate large amounts of data regarding the condition and location of cargo containers, at a rapid rate, in multiple environmental conditions, in a real time format, and this information can be accessed anywhere in the world by using a satellite-Internet based monitoring system.

"Safe Harbor"

This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessary estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete the acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.