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WirelessDevNet.com Press Release

Calypso Wireless Successfully Completes Wi-Fi Demonstration


Calypso Wireless, Inc. (OTC:CLYW), announced today that the company has successfully completed the live demonstration of its proprietary ASNAP(TM) technology that seamlessly switches back and forth between the mobile networks and the new Wi-Fi networks to C.G.E Distributors Corp. Calypso's upcoming delivery of its real-time video cellular phone are able to seamlessly switch back and forth between GSM/GPRS networks and Wi-Fi wireless local area networks utilizing the 802.11 standard. The demonstration was performed on T-Mobile's GSM/GPRS network in Miami. T-Mobile International is the mobile communications subsidiary of Deutsche Telekom (NYSE:DT), and one of the fastest growing nationwide wireless service providers in the United States.

Calypso Wireless has the proprietary technology to be the only manufacturer of a cellular phone and mobile devices that seamlessly switches voice, video and data back and forth between the cellular networks and the new Wi-Fi networks.

"This demonstration was an important milestone for Calypso Wireless, and for the Wi-Fi industry. Despite the significant progress we have recently made with major telecom carriers, we felt it was imperative for us to actually show the industry that our technology work flawlessly in existing networks," says Mark Sujo, Vice President of Sales of Calypso Wireless, Inc.

According to Victor Ramirez, General Manager of C.G.E. Distributors Corp, "We were extremely impressed by the demonstration and we look forward to deploy Calypso's technology to all our customers."

Calypso is currently working with different cellular operators and is planning to begin field trials in several markets for its real-time video cellular phones and second generation Wi-Fi access points.

About Calypso Wireless

Calypso Wireless is the company behind the world's only mobile real-time video cellular phone capable of seamlessly switching back and forth between the cellular networks and the new Wi-Fi networks.

Calypso Wireless Inc. is headquartered in Miami Lakes, Fla. For more information about Calypso Wireless and its products and services, please visit the company's Web site at http://www.calypsowireless.com.

About C.G.E. Distributors

C.G.E. Distributors Corp. is a distributor of cellular phones and telecommunications equipment offering a broad range of telecommunications products and services.

This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company's expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs.

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