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WiBeam Communications Hamburg Equity Announce Strategic Partnership



Wi-Beam Communications, a Macon, GA based provider of high speed Internet and digital telephone services has engaged Hamburg Equity, a San Diego, California based private equity firm, as their capital advisors and private equity firm. The exclusive agreement will provide Wi-Beam Communications $10-Million Dollars in additional capital over the next 12 months to expand their broadband Internet and telephone services.



According to Robert Nicholson, CEO of Wi-Beam Communications, We are very excited to have finally found a company like Hamburg Equity to help us achieve our long term corporate goal of becoming the premier provider of convergence telecommunications and wireless technology solutions. With the assistance of Hamburg Equity, we will have the ability to deploy in over 100 markets across the United States in the next few years.



Wi-Beam Communications offers both business and residential customers a T-1 quality Broadband connection at prices far below those of traditional T-1 prices. Wi-Beam Broadband uses Motorola'ss Canopy wireless technology to provide synchronous bandwidth speeds capable of delivering crystal clear voice services, high quality streaming web video, and lightning fast data transfer. Wi-Beam also offers a business-grade Voice over IP (VoIP) service, web conferencing and E- fax management services on their own proprietary network.



Hamburg Equity was established in 1999 and is a Dunn and Bradstreet rated company with positions in a variety of real estate, energy, and technology projects. Robert Hamburg, CEO of Hamburg Equity, says, We understand that VOIP is the future of communications and that the last mile is the holy grail of telecommunications. Wi-Beam Communications has the ability to set the standard in this exciting new technology.



Wi-Beam Communications currently offers digital wireless Internet and telephone services in selected areas of South Carolina, North Carolina, Florida, and Georgia. Please visit Wi-Beam'ss corporate web site at www.wibeam.com. Hamburg Equity'ss web site can be seen at www.hamburgequity.com






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