Reality Wireless Networks MTU

Reality Wireless signs letter of intent to offer fixed and wireless high-speed Internet and phone services in MTU's apartment units

April 14, 2004

1 Min Read

CAMPBELL, Calif. -- Reality Wireless Networks, Inc. (BULLETIN BOARD: RWNT) , a high-speed wireless internet service provider, in partnership with I-Element, a national communications services provider, signed a Letter of Intent with MTU Communications, Inc., to offer fixed and wireless high speed internet plus unlimited local and long distance phone service* throughout MTU Communication's 3,189 apartment units located in ten cities across five states including Texas, Washington, Georgia, Colorado and Arizona, at a national average price of $69.95 per month.

"We believe our relationship with MTU Communications has the potential to increase Reality's subscriber base by up to 2000% and, by charging customer fees of $69.95 per unit, annual revenues of over $2,600,000," stated Steve Careaga, CEO of Reality Wireless Networks, Inc. "After the initial proof of concept is completed on these units, Reality anticipates acquiring more subscribers through MTU Communications, for which negotiations are already under way," added Mr. Careaga.

Reality Wireless Networks Inc.

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