Unity
Wireless Begins Deliveries to Vietnam’s Largest Wireless Carrier
HANOI, VIETNAM & BELLINGHAM, WA--Feb 21, 2007 --
Unity Wireless Corporation (OTCBB: UTYW), today announced that delivery
of the second order for the company’s 20 watt frequency shifting
repeaters to Vietnam’s largest wireless carrier has commenced. As
announced in a Dec 13 release, this second order followed quickly on the
heels of the successful deployment of a first round of repeaters in the
fourth quarter of 2006.
"We are very well positioned for continued growth in this rapidly
developing South East Asian market with our strong regional integration
partner and robust, cost competitive repeaters at a key time in Vietnam’s
wireless industry development," commented Ilan Kenig, CEO of Unity
Wireless.
In the first 11 months of 2005, Vietnam added 4.3 million wireless subscribers,
according to the Vietnam VNPT, raising the total number of mobile telephone
subscribers in the country to 14.6 million.
Mr. Kenig added, "Vietnam and Indonesia continue to grow in sales
for Unity Wireless. We anticipate that South East Asia will also soon
deliver opportunities in other product lines, further accelerating our
revenue growth in this market."
About Unity Wireless
Unity Wireless is a developer of key network components for wireless carriers
and OEM sub-components for network infrastructure manufacturers. For more
information about Unity Wireless, visit www.unitywireless.com.
Forward Looking Statements
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
The words "believe," "expect," "feel,"
"plan," "anticipate," "project," "could,"
"should" and other similar expressions generally identify
forward-looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of their dates.
These forward-looking statements are subject to a number of risks and
uncertainties, including without limitation, inability to consummate the
acquisitions, difficulty in integrating any of the proposed or future
acquisitions, inability to raise the funds necessary for the continued
operations of the Company and its acquisitions, changes in external market
factors including the economy, and other risks and uncertainties indicated
in the Company's most recent SEC filing on form SB-2. Actual results could
differ materially from the results referred to in the forward-looking
statements.
Investor Contact:
David Orton, Unity Wireless, (604) 267-2715, davido@unitywireless.com
Mike Mulshine, Osprey Partners, (732) 292-0982, osprey57@optonline.net
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