Skyway Communications Holding (SWYC) 8-K Other events

                                  PRESS RELEASE



 SkyWay Communications Holding Corp Receives Funding Commitment of $7M From duPont
                                Investment Fund
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CLEARWATER, Fla.--(BUSINESS WIRE)--SkyWay Communications Holding Corp. (OTCBB:
SWYC - News) and its wholly owned subsidiary, SkyWay Aircraft Inc. have
announced today they have received a funding commitment of $7,000,000 from the
duPont Investment Fund 57289, Inc.

According to Brent Kovar, President of SkyWay Communications Holding Corp. "This
funding spearheads SkyWay's forward movement. With our DC9 R&D aircraft
available for flight operations and demonstrations and the equipment
preparations for the delivery of our products to Southeast Airlines, this
funding will provide the financial push SkyWay has been working towards. This
funding will also provide the financial support to continue the build-out of our
ground tower network to support Southeast Airlines".

The duPont Investment Fund representative is quoted as saying "We are again
extremely pleased to be a part of SkyWay's future business plans. The duPont
Investment Fund is committed to supporting SkyWay and looks forward to a
continuing and profitable relationship".



Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, continued acceptance of the
Company's products, increased levels of competition for the Company, new
products and technological changes, the Company's dependence on third-party
suppliers, and other risks detailed from time to time in the Company's periodic
reports filed with the Securities and Exchange Commission.

For more information regarding SkyWay Communications Holding Corp. please
contact:

Brent Kovar, President (727) 535 8211  OR  www.skywayaircraftsecurity.com
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