Inforetech Wireless Engages GoNow Financial Network to Provide Supplemental Investor Relations and Other Financial Services

Market Wire, 20050229

Inforetech Wireless Technology Inc.(R) (OTC BB: WYRE; Berlin: WYRE.BE, IIW.BE), a leading supplier of GPS technology for the golf industry, today announced that it has retained GoNow Financial Network to provide investor relations, media coverage, analyst reports and market strategy for the company effective immediately.

Inforetech Wireless has chosen to engage GoNow Financial Network to complement and enhance its current investor relations campaign that has included current shareholder and proprietary media contacts. The immediate goal of this supplemental exposure is to strengthen awareness of the company and highlight its achievements to date, including the installation at Mayfair Lakes and $7 million distribution agreement for southern Florida. Inforetech Wireless understands the need to convey its message and recognizes that GoNow provides the most complete information and data on companies trading on OTC BB, NASDAQ SC and AMEX.

In conjunction with the GoNow Network, Inforetech Wireless shareholders will receive the opportunity to trade Inforetech Wireless shares commission free through GoNow's strategic relationship with Ameritrade. There are no account fees, transaction costs or monthly charges associated with this free program. In addition to this service, Inforetech Wireless will also participate in a new and innovative newsletter published regularly by GoNow Financial Network. The newsletter entitled "Profit" is an informal communication tool between shareholders and Inforetech management that allows participants to question management directly about publicly available company information.

About Inforetech Wireless Technology Inc.

Inforetech Wireless Technology uses global positioning systems (GPS) combined with high-speed wireless communications technology to deliver information systems for the golf industry. The company's product, the first patented communications network that utilizes advanced internet protocols to provide a wireless information system, enhances enjoyment, awareness and skill of the game, increases golf course profits and improves pace-of-play issues. The company's mission is to build and maintain a strong, viable position as an international supplier of GPS-based golf devices. Additional information can be obtained from the company's Web site: www.inforetech.com.

About GoNow Financial Network

Headquartered in San Francisco, California, GoNow.com is the destination for investors, trading professionals, and CEO's interested in small cap growth companies. The GoNow Financial Network provides Investors with the best information for companies trading on the Pink Sheets, OTC BB, NASDAQ SC, AMEX, and some NASDAQ NMS stocks. For the Trading Professionals, we provide the best real-time data and trading tools, which are paramount to making money.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: The Company's ability to raise finance; global and market conditions within the golf industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.