GigaBeam Complies with NASDAQ Requirement Regarding Disclosure of Auditor Opinion Qualification

Business Wire, April 25, 2007

HERNDON, Va. -- GigaBeam Corporation (NASDAQ: GGBM), in compliance with NASDAQ Marketplace Rule 4350(b), reported today that its independent registered public accounting firm issued an audit report dated April 17, 2007 with the Company's consolidated financial statements to its Annual Report on Form 10-KSB for the year ended December 31, 2006 (the "Annual Report") included an explanatory paragraph relating to the Company's ability to continue as a going concern. Management's plans with regard to addressing the auditor's concerns are described in Note 3 to the consolidated financial statements in the Annual Report.

This announcement is made in compliance with NASDAQ Marketplace Rule 4350(b)(1)(B), which requires that a separate public disclosure be made regarding the receipt of an audit opinion that contains a going concern qualification and does not represent any change to the Company's recently filed Annual Report.

About GigaBeam Corporation

GigaBeam is a provider of high-performance wireless point-to-point communications transport and access solutions that operate in the licensed 71-76 GHz and 81-86 GHz radio spectrum bands. GigaBeam equipment operates at multi-gigabit-per-second speeds. GigaBeam Corporation headquarters is located at 470 Springpark Place, Suite 900, Herndon, VA 20170. For more information, visit www.gigabeam.com.

Safe Harbor Statement

Statements in this press release regarding GigaBeam's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GigaBeam's control and difficult to predict, and could cause actual results to differ materially from these anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: limited capital resources and continue dependence of our operations on additional financing, limited operating history, difficulties in distinguishing GigaBeam's products and services, ability to manufacture and deploy GigaBeam's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the telecommunications industry and the global economy, intense competition in the telecommunications equipment industry and resulting impact on pricing and general financial performance, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GigaBeam's filings with the Securities and Exchange Commission.