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Press Release

5G Wireless Solutions Announces Agreement with SRS Industries -- Leading Supplier of Telecommunications Equipment & Engineering Services Becomes Authorized Channel Partner

Marina del Rey, CA – March 9, 2005 -- 5G Wireless Solutions, Inc., an emerging leader in the wireless broadband industry and a wholly-owned subsidiary of 5G Wireless Communications, Inc. (OTCBB:FGWC), today reported the execution of a contract enabling SRS Industries, a Los Angeles-based distributor of telecommunications equipment, to resell its wireless networking systems.

SRS is the premier supplier of both new and refurbished telecommunications equipment for wireless, cell site, wireline, switching, transmission, data networking, and transport infrastructure. The company provides Complex Engineering Services (EF&I) turn-key solutions for broadband, wireless, wireline, and enterprise customers, and offers complete end-to-end services conforming to industry standards and best practices for project management, detail engineering, installation, testing, equipment removal, and records management. They also sell digital and analog systems including GSM, CDMA, TDMA, AMPS, NAMPS, antennas, microwaves, plug-ins, and components, and supports switch, transport, access, BTS, BSC, cabling, and power equipment.

SRS inventories, distributes, and tests equipment for Lucent (NYSE:LU), Ericsson (NASDAQ:ERICY), Nortel (NYSE:NT), Nokia (NYSE:NOK), Motorola (NYSE:MOT), Alcatel (NYSE:ALA), Siemens (NYSE:SI), Fujitsu (OTCBB:FJTSY.PK), Proxim (NASDAQ:PROX), Carrier Access (NASDAQ:CACS), Cisco (NASDAQ:CSCO), and other major manufacturers, and buys surplus inventory and provides asset management services for end-of-life equipment sale and disposal. Services include revenue shares, liquidation valuation, removal, and scrapping.

"5G Wireless Solutions offers us a broadband wireless solution that can be incredibly attractive to our diverse base of existing customers," stated Steve Delepine, SRS Vice President of Services. "Their efficient and elegant hardware solution offers high performance wireless access at minimal cost, and this translates to a significant opportunity for us to maximize our margins."

"Our low total cost of ownership value proposition also serves us well as we more aggressively recruit channel partners to broaden our geographic and vertical market reach," added Peter Mansfield, 5G Wireless Solutions VP of Marketing. "SRS is a huge, worldwide distributor, and they're right here in Los Angeles, so we can work closely together as we develop and roll out exciting new opportunities."

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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.

Frank Simonelli
VP Corporate Communications, 5G Wireless
Phone: (310) 448-8044 | frank@5gwirelesssolutions.com



For more information about 5G Wireless please contact us at (800) 916-1611

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