Worldwide Wireless Networks In Quiet Period Due To Filing for Financing

Business Wire, Nov 29, 2000

Business Editors/Hi-Tech Writers

ORANGE, Calif.--(BUSINESS WIRE)--Nov. 29, 2000

Worldwide Wireless Networks Inc. (OTC BB: WWWN), announced today that by submitting the SB-2 filing with the SEC for it's previously announced financing package, they entered into an SEC regulated "quiet period" that restricts the information that can be shared with the public and shareholders.

This SEC "quiet period" is a standard regulation that all companies must comply with when submitting an SB-2 filing. Those most affected by this restriction are shareholders that are interested in hearing more news about the company other than that supplied through mandatory SEC filings.

"The necessary time involved in the process of filing for access to our financing is unfortunate for us at Worldwide and for our shareholders as well," stated Jack Tortorice, CEO and President of WWWN. "We would love to be able to provide detailed updates on our financing, new contracts, our expansion progress, Las Vegas progress, new staffing, new alliances and acquisition news but we can't.

"So the result is that the public can only assume that we are moving forward with our business plan, adding customers in Southern California and refining our operations on a daily basis. Before year end, we hope to have all the SEC issues addressed and have a final go ahead to access our funding and be able to communicate freely to the public again."

About Worldwide Wireless Networks

Worldwide Wireless Networks is a data-centric wireless communications company headquartered in Orange, California. The Company specializes in high-speed Internet access using an owned wireless network. Other products and services include frame relay, collocation services and network consulting.

The Company serves all sizes of commercial business accounts. For more information, visit them on the Web at www.wwwn.com.

The statements made in this release which are not historical facts contain certain forward-looking statements concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains.

The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements.

Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, market conditions, technical factors, the availability of outside capital and receipt of revenues, and other factors, many of which are beyond the control of the company.

The company disclaims any obligation to update information contained in any forward-looking statement.