EX-99                                                TEXT OF PRESS RELEASE

5G Wireless Names NASDAQ Veteran Phil Pearce as Independent Director
to Board

MARINA DEL REY, Calif.--(BUSINESS WIRE)----5G Wireless
Communications, Inc. (OTCBB:FGWC) announced today that Phil E. Pearce
has been appointed an independent director to its Board.

Mr. Pearce has been an independent business consultant with Phil E.
Pearce & Associates and Chairman of Financial Express Corporation
since 1990. Prior to this, Mr. Pearce was Senior Vice President and a
director of E.F. Hutton, and was Chairman of the Board of Governors
of the National Association of Securities Dealers, where he was
closely involved in the formation of the NASDAQ Stock Market. He had
also been a Governor of the New York Stock Exchange and a member of
the Advisory Council to the United States Securities and Exchange
Commission on the Institutional Study of the Stock Markets.

He is a graduate of the University of South Carolina and the Wharton
School of Investment Banking at the University of Pennsylvania.

"Phil will be an invaluable addition to us as we elevate our presence
in the public eye," stated Jerry Dix, 5G Wireless CEO. "We will look
to Phil for guidance in addressing governance and compliance issues.
His credentials are impeccable, and his participation on the board
will help us to conform to all pertinent SEC rules, including the
Sarbanes-Oxley Act."

About 5G Wireless Communications, Inc.

5G Wireless Communications, Inc. (www.5gwireless.com), located in
Marina del Rey, Calif., develops and sells wireless broadband
solutions. 5G Wireless customers receive dependable, high-speed
Internet access at lower acquisition and implementation costs than
most major competitors. 5G Wireless' products are distinguished by
their exceptional data rate/range, number of concurrent users, line-
of-sight capabilities and a unique security protocol. These features
are particularly significant through 5G Wireless' use of IEEE 802.11b
enhancements for "last mile" roaming and point-to-multi-point networks.

For additional information, please visit www.5gwireless.com. Or call
800-916-1611.

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 (available at http://www.sec.gov/). 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.

5G Wireless Communications, Inc. Frank Simonelli, 310-448-8044
frank@5gwireless.com