5G Adds to Board

MARINA DEL REY, Calif. -- 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."

5G Wireless Communications Inc.