Press Release

5G Wireless Solutions to Provide Broadband Networking Equipment for Westminster, Calif. - WiFi HotZone™ to Serve ``Little Saigon'' Asian Community

MARINA DEL REY, Calif. -- Oct. 18, 2005 -- 5G Wireless Solutions, Inc., an emerging leader in the wireless broadband industry and a portfolio company of 5G Wireless Communications, Inc. (OTCBB:FGWC - News), a business development company, announced today the City of Westminster, Calif., will be using its new "cellular-style" wireless broadband base station equipment to create a WiFi HotZone to serve the "Little Saigon" Asian community.

The deal was arranged through Fountain Valley, Calif.-based VIP Network Holdings, Inc., one of 5G's channel marketing partners. VIP will be using 5G's WiFi networking equipment to serve the existing Vietnamese, Korean, and Chinese community in Westminster, as well as to provide training experience for international staffers in preparation for the deployment of wireless infrastructures it plans for parts of Southeast Asia. Located in the "Little Saigon" area of the City of Westminster are five banks, six major shopping centers, and hundreds of shops, restaurants, and professional offices in what is considered the largest Vietnamese business enclave outside of Vietnam. The area is quickly becoming a major tourist destination for overseas visitors following a stop at nearby Southern California attractions like Knotts Berry Farm and Disneyland.

"We're delighted to be involved in such an important community application here today in California, and, ultimately, for what it means in terms of international business potential," stated Jerry Dix, 5G Wireless Communications' CEO. "VIP selected the 5G Wireless Solution over SBC and Verizon, who were unable to meet customer needs. Our `less is more' hardware philosophy makes perfect sense where it's important to maximize the value of every dollar spent, especially in developing nations, where investments in wireless infrastructures appear to be significantly ramping up."

Utilizing 5G's new "cellular-style" equipment, featuring "outside-in," Non-Line-of-Sight (NLOS) signal penetration, users equipped with standard 802.11b/g PCs and PDAs can seamlessly roam throughout the community. Requiring less hardware than competitors translates to faster installation, reduced maintenance, reduced network administration, easier upgrades, and, ultimately, one of the lowest possible Total Cost of Ownership (TCO) metrics in the industry today. Minimizing the volume of WiFi hardware exposure is also a key concern in the international market, where theft is a common problem.

"Dozens of access points, whether installed on lampposts or the sides of buildings, represent a serious security risk where theft is a problem," added Mr. Dix. "Our rooftop base stations are much more secure atop tall buildings well beyond reach of potential vandalism, and we see this as an emerging benefit as we pursue other international opportunities in India, Malaysia, Russia, and China."

Earlier this year, 5G reached out to community decision makers in the selection process when the company was featured in a regional business conference sponsored by VIP, and covered by the local Vietnamese television network.

About 5G Wireless Solutions, Inc.

5G Wireless Solutions, Inc., located in Marina del Rey, Calif., is a portfolio company of 5G Wireless Communications, Inc. (OTCBB:FGWC - News), a Business Development Company. The company 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 Solutions 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.

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Frank Simonelli
5G Wireless Communications, Inc.
(310) 448-8044

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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