PRESS RELEASE DATED MAY 8, 2000 ANNOUNCING
THE PURCHASE OF 1st UNIVERSE INTERNET
Monday May 8, 10:36 am Eastern Time
Company Press Release
Worldwide Wireless Networks Inc. Acquires High Speed Broadband Supplier
ORANGE, Calif.--(BUSINESS WIRE)--May 8, 2000--Worldwide Wireless Networks, Inc. (OTC BB:
WWWN - news) today announced the purchase of the assets of 1st Universe Internet, which is located in Irvine,
This company has a profitable base of high-speed broadband customers. 1st Universe changed its primary focus
from being a telecom reseller to a reseller of high-speed access a year ago. Since then, they have increased their
billing base over 250% with most of the increase coming from new wireless high-speed links.
1st Universe billed out (unaudited) approximately $358,000 in revenue in 1999 and estimated revenue of
$97,000 during the first quarter of 2000. This revenue, and the company's customer base, will be moved over to
Worldwide Wireless Networks effective June 1, 2000. Sean Loftis,the President of 1st Universe, will be joining
Worldwide Wireless Networks as the Western Regional Vice President of Sales.
In addition to being a reseller of high-speed access, 1st Universe also offers web development and hosting and
has telecom reseller contracts with major carriers. ``This acquisition not only brings us new revenues and new
customers, but also an expanded product line and a seasoned telemarketing team,'' said Jack Tortorice, CEO of
Worldwide Wireless Networks. ``As we implement our business plan, we expect to make more acquisitions like
this one to help build our revenue stream and add talent to our growing staff needs.''
About Worldwide Wireless Networks
Worldwide Wireless Networks is an integrated 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 DSL, frame relay, collocation services and network consulting.
The Company s