Skyway Communications Holding (SWYC) 8-K Departure of Directors or Principal Officers

                      SkyWay Communications Holdings Corp.
                  Announces the Resignation of Alan Pellegrini


CLEARWATER, Fla.--(BUSINESS WIRE)--December 3, 2004--SkyWay Communications
Holding Corp. (OTCBB:SWYC-News) announced today, due to his business commitments
at IMS, Alan Pellegrini has found it necessary to resign from his position on
the Board of Directors of SkyWay Aircraft Inc.

Mr. Pellegrini stated, "I wish SkyWay and their shareholders the very best in
the roll-out of their technology. However, at this time, I believe it is in
everyone's best interest for me to focus 100% of my effort on my CEO
responsibilities with IMS."

Mr. Brent Kovar, President of SkyWay Communications noted that, "Alan is very
well respected in the IFE community and we were very proud to have him
representing SkyWay as a board member. While we understand Alan's position we
are very disappointed to have to accept his resignation. We have begun a search
to replace Mr. Pellegrini on SkyWay's Board of Directors with another highly
qualified individual."

About SkyWay Communications Holding Corporation

SkyWay Communications Holding Corporation is a Clearwater, Florida based company
that is developing a unique ground to air in-flight aircraft communication
network that it anticipates will facilitate homeland security and in-flight
entertainment. SkyWay is focused on bringing to the market a network supporting
aircraft-related service including anti-terrorism support, real time in-flight
surveillance and monitoring, WIFI access to the Internet, telephone service and
enhanced entertainment service for commercial and private aircraft throughout
the United States. Based on the final upgrading of a previous airborne telephone
and communications network, SkyWay intends to provide broadband connectivity
between the ground and in-flight aircraft throughout the U.S. using technology
that provides a broadband high-speed data transmission. SkyWay intends to be the
communications solution for commercial and private aircraft owners wanting real
time access to on-board security systems, aircraft health and welfare
monitoring, avionics operations and for passengers wanting real time high-speed
access to the Internet. The network will enable applications that can
personalize the in-flight entertainment experience, provide real time access to
flight management avionics with long-term data storage and also support for
ground monitoring of in-flight surveillance systems that are being designed with
the goal of enhancing current airline security standards.

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:

Investor Relations Contacts:

      Ed Sasso
      Aurelius Consulting Group, Inc.
      (407) 644-4256 x 107
      (800) 644-6297
      Ed@Aurcg.com
      http://www.runonideas.com

      Steve Klein
      Skyway Communications Holding Corp.
      727-535-8211 ext. 2480
      sklein@swyc.us
      www.skywayaircraftsecurity.com