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5G Wireless Reiterated 'Speculative' By Investrend Research Analyst James P.W. Darcel, CFA

NEW YORK – Oct. 3, 2005 – 5G Wireless Communications (OTCBB: FGWC - News) has been reiterated "Speculative" by Investrend Research analyst James P.W. Darcel, CFA, in an Update Benchmark research report, saying based on recent announcements, especially during Q3, 5G appears to be gaining traction in providing industry-leading wireless solutions.

The analyst also stated:

During the 2nd and 3rd quarters, 5G delivered on plans to introduce new products.

These include the Cellular Approach to Wi-Fi which significantly improves range for 802.11b/g, and the LongRanger(TM) to provide remote users with extended service ranges "well beyond limits of an existing WiFi hot spot." LongRanger is OS independent and can be used with laptops, desktops, PDAs, and commercial equipment. This supports my opinion that 5G is a technology leader.

5G has established its products across the U.S. in its target markets (university campuses and municipalities) and has built strong potential to make headway into important high-growth areas including healthcare, recreation, and shipping.

Sales growth over the next 2 years could be around 150% per year, assuming that the new deployments result in positive word-of-mouth experiences for users, and system administrators. If so, current stockholders could also expect much more scrutiny of FGWC stock by a much broader audience.

FGWC's stock price has had a significant decline (37%) over the past 6 months.

In late May, the Board unanimously approved a resolution to de-elect the company as a business development corporation ("BDC"), which had drawn scrutiny by the SEC, described in the Q2 financial statements and the proxy statement ahead of the October 20 annual meeting.

FGWC's financiers have been regularly converting their debt to stock and selling this stock into the market, providing low-risk capital to FGWC that it has kept 5G a going concern, but is has helped erode the stock price.

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 "FGWC" in the subject line.  

CONTACT

Jerry Dix
5G Wireless Communications Inc.
(310) 448-8022
Website: http://www.5gwirelesssolutions.com

or

Investrend Research Div.
R. Hempel, 718-896-5060
email: contact@investrend.com
Website: www.investrendresearch.com
 


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 not limited, to those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

All product or service names mentioned herein are the trademarks of their respective owners.

 

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