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Equity placement and appointment of Director of Network Operations
Wireless carrier strengthens balance sheet and the management team

Melbourne, December, 2001 - Pacific Wireless Pty Ltd, a leading provider of broadband wireless services, today announced the closure of its angel investment round. A number of angel investors have committed funds to the company as it prepares to accelerate the rollout of its network infrastructure.

One of the investors in this round, Jonathan Shutt, a prominent IT executive from the UK, has also agreed to join the company in a full time capacity.

With more than 12 years of IT and Telecommunications industry experience, Jonathan brings a wealth of operational skill to Pacific Wireless.

With a background that covers software engineering, project management and IT consulting, Jonathan is well placed to guide the continuing rollout of infrastructure at Pacific Wireless.

"I am excited about the opportunity to join Pacific Wireless at such a crucial stage in the evolution of the company" commented Jonathan Shutt. "We are all looking forward to the challenge of building a national telecommunications business".


About Pacific Wireless

Pacific Wireless is a leading provider of fixed wireless broadband solutions for the SME and corporate market. The company delivers high speed internet access and data services using best of breed wireless technologies for the "last mile" solution. Pacific Wireless operates a state of the art network and is progressively building out national coverage.

The company provides "First Class Broadband" solutions for organisations requiring high reliability and high bandwidth. The service is ideal for companies that require high end broadband solutions where fixed wire services are either not available or are prohibitively expensive. A range of value added services, including VPN installations, are offered by the company.

Contact

Mr Jonathan Shutt
Director

Tel: +61 3 9584 8966
Email: enquiries@pacificwireless.com.au
Web: www.pacificwireless.com.au