NASDAQ Moves Cell Wireless Trading to the Pink Sheets

Business Wire, Sept 22, 2005

TUCSON, Ariz. -- Cell Wireless Corp. (Pink Sheets: CLWL) announced today that the NASDAQ Listing Qualifications Hearing Panel has ruled that the company's securities are ineligible for continued quotation on the OTCBB. Cell Wireless Corp. has now moved the securities trading of its common stock to the "Pink Sheets" for quotation. After many months of attempting to comply with the SEC and PCAOB (Public Company Accounting Oversight Board) rules by hiring a foreign auditor to audit the acquired foreign company, NASDAQ has ruled that the audited financial statements of the predecessor companies for the years 2003 and 2004 will need to be audited by a U.S. PCAOB registered auditor and has requested that the company complete these statements in order to continue trading on the automated quotation system (OTCBB).

The company's PCAOB auditors, SEC attorney and officers have expressed their disagreement with the NASDAQ interpretation of the new rules, but have been unable to convince the hearing panel to accept the statements of the foreign auditor whose reports appeared in the company's 8-K/A filing. The company will now engage a U.S. PCAOB registered auditor to submit another audit report to satisfy the requirements of NASDAQ. The company feels it can provide this report in the very near future.

John Bohringer, CEO and president of Cell Wireless Corp., quoted by phone from Dubai, United Arab Emirates, where he is working with a substantial network marketing group on a multimillion dollar communications project, "We are committed to trading on the NASDAQ OTCBB system and will not stop until we have accomplished this goal. We have accomplished the goal of worldwide recognition with our new products, communications services, WCW VoIP and numerous contractual systems management contracts. We are well established in the communications market and will soon accomplish our goal to be well established on the NASDAQ Over The Counter Bulletin Board quotation system."

Cell Wireless Corp. is one of the fastest growing telecommunication multilevel marketing companies in the world providing discounted telephone minutes to the global community. Cell Wireless Corp. has developed a dynamic marketing and sales program designed to create exceptional growth and currently has more than 80,000 members in 260 country telephone destinations throughout the world.

www.cellwireless.com/cwvoip

Safe Harbor Statement

Note: Certain statements in this news release may contain "forward-looking" information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. CLWL undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.