US WIRELESS ONLINE, INC.
OTCBB: UWRL
745 West Main Street, Suite 100
Louisville, KY 40202
(502) 213-3700
www.uswirelessonline.com
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For Immediate Release
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US WIRELESS ONLINE, INC. ANNOUNCES
FIRST NON-LINE-OF-SIGHT METRO-WIDE NETWORK OVERBUILD
STOCK BEGAN TRADING TODAY UNDER SYMBOL "UWRL"
LOUISVILLE, Kentucky (May 19, 2003) U.S. Wireless Online, Inc. (OTCBB: UWRL),
today announced the Company's first non-line-of-sight metro-wide network
overbuild. The Company's common stock began trading on the OTC Bulletin Board
market today, May 19, 2003, under the symbol "UWRL".
"We believe the market opportunity in wireless high-speed Internet access is
significant," stated Doug Keeney, Chief Executive Officer of U.S. Wireless
Online, Inc. "The Federal Communications Commission has projected that the
number of businesses with broadband connections will reach 6.9 million by the
end of 2004, a 283% increase when compared with 1.8 million business connections
in June 2001. According to a study by Parks Associates that PC World magazine
published in April 2003, almost half of all households are interested in
upgrading to broadband."
"Our core assets such as our Network Operations Center enable us to
significantly increase the coverage in our markets - and Louisville, KY will be
the first" continued Keeney. "We expect to install our first non-line-of-sight
antenna before the end of 2003. Upon completion of this project, the number of
businesses and residences that can access our wireless network in the Louisville
area will increase from approximately 20% of the city to in excess of 85%.
Similar metro-wide overbuilds are planned for other markets."
Fixed wireless Internet connectivity is a seamless, reliable, "always-on" link
from a business or customer user to an Internet backbone access point. The
Company sells three products: high-speed Internet access (priced in four tiers
ranging from 128 kilobits to 2 megabits), Wi-Fi networks, and broadband
connections in convention centers. By using wireless, unlicensed spectrum for
customer connections, U.S. Wireless is able to reduce its investment in network
infrastructure, lower operating costs, complete customer installations quickly,
and provide customers with high Internet speeds and flexible bandwidth. "We
offer consumers a fast, reliable high-speed connection that is both easy to use
and affordable, " said Dan Burke, Sr, the company's President. "Plus, when our
overbuild is complete, they'll be able to log on from their backyard, the park,
their boat - really almost anywhere in the metro area - in addition to their
home or office."
US Wireless Online, Inc. began operations in Atlanta in January 2000 and
acquired the wireless operations of Darwin, Inc. in May 2001. As a result of
the Darwin purchase, U.S. Wireless Online entered markets in Kentucky and Ohio
and acquired a dedicated Network Operations Center in Louisville (NOC). A
facility unique among wireless broadband providers, the NOC has twelve screens
that continuously monitor every IP-addressable device in the Company's network.
The NOC is a carrier-grade facility similar to the type of facilities operated
by Sprint, AT&T and AOL and affords the company capacity for future growth.
Current high-speed Internet access customers include Ted Turner Pictures, the
Louisville offices of The Courtyard by Marriott, Candlewood Suites, GE Capital,
Budget Car and Truck Rental, and hundreds of other small and medium-sized
businesses. U.S. Wireless Online also provides Wireless Local Area Networks,
known as "hot spots", in hotels, urban settings and other locations, and in 2001
it won a competitive bid to provide exclusive broadband throughout two of
America's largest convention centers. Customers in this segment include NASA,
Volvo, Freightliner, General Motors, Papa John's Pizza, Sysco Foods, the
University of Louisville Athletic Department and Fleetwood RV.
U.S. Wireless Online is a provider of wireless "last mile" high-speed Internet
access (a wireless connection from a major trunk line to a business or
residential user) in the rapidly growing industry called variously "wireless
broadband", "802.11", "Wi-Fi", or "wireless local loop (WLL)". U.S. Wireless
Online, based in Louisville, Kentucky, owns and operates wireless metro-area
networks in Kentucky, Georgia, Ohio and Indiana. Offering residential and
business service, approximately 24,000 users access the Internet with high-speed
connections through the Company's more than 500 enterprise customers.
This press release contains certain forward-looking statements, which are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Expressions of future goals and similar expressions
reflecting something other than historical fact are intended to identify
forward-looking statements, but are not the exclusive means of identifying such
statements. These forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially from those
currently anticipated. Factors that could cause or contribute to such
differences include, but are not limited to, market acceptance of products and
technologies, competitive factors, the Company's ability to continue to secure
sources of financing and other factors described in the Company's filings with
Securities and Exchange Commission. The Company undertakes no obligations to
revise or update any forward-looking statements in order to reflect events or
circumstances that may arise after the date of this press release.
For more information please visit the Company's website at
www.uswirelessonline.com or contact
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Doug Keeney, CEO at (502) 213-3700