5G Wireless Upgraded From "Speculative" to "Buy" by Investrend Financial Analyst James Darcel Citing Growth of 300%
MARINA DEL REY, CA -- December 12, 2005 -- 5G Wireless Communications, Inc. (OTCBB: FGWI.OB), an emerging leader in the wireless broadband industry, announced today that Investrend (http://investrend.com/), a leading independent financial analyst firm, has upgraded the company from "Speculative" to "Buy."
"The company is gaining sales momentum and controlling operating expenses, and 2006 should be a profitable year with growth in the 300% range," stated James W. P. Darcel, Certified Financial Analyst (CFA), in his report. "For these reasons, FGWI has been upgraded from 'Speculative' and now rated a 'Buy'."
"This analyst visited with us during our Annual Shareholders' Meeting in late October, and that experience provided an opportunity to get a close-up view of where we are now, and where we're headed," added Jerry Dix, 5G Wireless CEO.
"Overall, 5G has had a very challenging past two years, but the board and management have built a solid operating business foundation upon which the company can grow in the future," Mr. Darcel continued. "More importantly, the market appears to be accepting 5G's products and its technology basis, particularly the 'less is more' concept. As deployments and customer satisfaction increase, the confidence of the market will also grow
and potentially help tip future orders to 5G. With its financial condition improving, in my opinion the company has sufficient momentum to gain financial strength and build equity and customer confidence into the future. Profit and positive cash-flow are achievable in all quarters next year. At the current stock price level around $0.75 per share, the diluted market capitalization of the company is around $4.1 million, which is less than 50%
estimated 2006 sales."
The full report, including important disclosures and disclaimers, is at http://www.investrendresearch.com and at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes and investors are advised to read those disclosures carefully before
trading in the equities of any enrolled company.
The analyst's credentials are at http://www.investrend.com/articles/secondlevel.asp?level=238
5G Wireless is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for Benchmark coverage are $19,800 and the fees are being paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary
interest, and neither the analyst nor principals of Investrend Research may own or trade in the stocks of companies under coverage. 5G has been enrolled for shareholder-monitoring by the Shareholders Research Alliance (http://www.shareholdersresearch.com).
Anyone interested in receiving alerts regarding 5G Wireless research should email contact@investrend.com with "FGWI" in the subject line.
About 5G Wireless Communications, Inc.
5G Wireless Communications, Inc. (OTC BB:FGWI.OB - News), located in Marina del Rey, CA, creates and markets wireless broadband solutions for university and municipal campuses, and provides wireless networking equipment to a select group of VARs and WISPs through its Authorized Channel Partners program. Customers enjoy high performance Internet access
at lower acquisition, implementation and maintenance costs than most major competitors because of uniquely enhanced Wi-Fi base stations. 5G Wireless products are distinguished by their exceptional service area range, throughput speeds, number of concurrent users, non-line-of-sight (NLOS) capabilities and unique security protocol. These enhancements are compatible with standard IEEE 802.11b Wi-Fi equipment for "last mile" roaming and point-to-multipoint networks. 5G's
value proposition -- significantly increased performance at the lowest possible total cost of ownership (TCO) -- is quickly becoming a key consideration in the strategic deployment of the wireless experience. For additional information call 800.916.1611 or visit http://5gwireless.com/.
CONTACT
Frank Simonelli
VP/Marketing
5G Wireless Communications, Inc.
(310) 448-8044
frank@5gwireless.com
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Forward-Looking Statements
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking
statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise which could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but
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