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SkyBridge Wireless Inc. Has Been Granted Another FCC 23GHz Operating License for Continued Expansion of Its Broadband Wireless Network in Las Vegas

LAS VEGAS--(BUSINESS WIRE)--June 8, 2004--SkyBridge Wireless Inc. (OTC BB: SBWL) announced the FCC has granted the company another 23GHz operating license to continue the expansion of its high-speed wireless backbone in Las Vegas. This 23GHz frequency operating license will allow for a more reliable network backbone transport, as well as increase network capacity greatly by allowing additional Access Points to be installed at the various sites SkyBridge Wireless Inc. has around Las Vegas. Jason Neiberger, SkyBridge Wireless Inc. president, stated, "This 23GHz backbone connection will replace an unlicensed and lower capacity link between the site at the Las Vegas Hilton and our Frontier Radio site in the south section of Las Vegas." He further added, "With this license in place we will be installing the next 23GHz Proxim Tsunami radios within the next 15 to 30 days, and will be adding additional Access Points to these sites, for increased customer capacity."
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Private Equity Fund Of Funds SkyBridge Wireless' management is currently continuing negotiations for additional Wireless Access Point sites and hopes to add the sites as the agreements for the sites become complete.

David Aber has held senior positions in both publicly traded and private entities. Most recently he was the Chief Financial Officer of Arcadian Networks Inc, a broadband wireless carrier for utilities and industries, and prior to that he was the CFO of Finjan Software Inc., a web security solutions company. As CFO of Zen Research plc, Mr. Aber led a public offering that raised $100 million on the London Stock Exchange. 2000 he served as CFO of DSP Communications, traded company that ultimately was acquired by Intel for $1.6B.

Curve Equity Exposed Fund About SkyBridge Wireless Inc.

Broadband data service provided by your mobile wireless phone carrier is another option for high–speed Internet access. Broadband data service is available for users with wireless mobile smart phones. It is also available for a notebook computer, using a broadband data card provided by the wireless service provider that connects via a USB port or card slot). The broadband data service connects your computer to the nearest wireless mobile tower, enabling you to use it while the RV is parked or moving.

Equity Income Funds SkyBridge Wireless Inc. is positioned to produce solid growth, rapidly increasing revenues and impressive share value gains. Focused on High Growth Areas in High Growth Sectors, the company is focused on high-speed fixed wireless Internet access to businesses and communities in some of the nation's fastest-growing metropolitan markets, with initial efforts in Las Vegas, a very dynamic market. Wireless service allows customers to use the Internet at speeds up to 50 times faster than today's dial-up modems. As the desire for more information, communication and entertainment grows, so does the need for solutions to provide these services at high speed and at an acceptable cost. SkyBridge Wireless fixed wireless broadband access provides just that, offering solutions that meet the requirements of businesses and enterprises alike, at a fraction of the cost of wireline T-1 data connections, and can be installed and operational in a much shorter time than other data solutions. Wireless represents one of today's fastest-growing industry sectors. No assurance can be made that SkyBridge Wireless will accomplish its goals.

is wholly owned by Dimensional Associates, Inc., the private equity arm of JDS Capital Management, Inc.

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NETGEAR's WG602 Wireless Access Point lets you add IEEE 802.11g wireless access to your network. speed data transmission of up to 54 Mbps network users can share a broadband Internet connection, mail, download large files, videoconference, and distribute and play digital images, videos, and MP3 files. Easy to set up and use, NETGEAR's Smart Wizard install assistant makes installations a cinch. Fi Protected Access ( PSK) security, you can rest assured that your wireless network communications are private.

Private Investment In Public Certain statements in this news release may contain forward-looking information and are based on management's current expectations, estimates and projections subject to change. Words such as "anticipates," "expects," "intends," "plans," "targets," "projects," "believes," "seeks," "estimates" and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements. Unless legally required, the company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The company disclaims any information that is created or distributed by any outside party and endorses only information that is communicated by its official press releases.

A NETGEAR's WG602 Wireless Access Point lets you add IEEE 802.11g wireless access to your network. speed data transmission of up to 54 Mbps network users can share a broadband Internet connection, mail, download large files, videoconference, and distribute and play digital images, videos, and MP3 files. Easy to set up and use, NETGEAR's Smart Wizard install assistant makes installations a cinch. Fi Protected Access ( PSK) security, you can rest assured that your wireless network communications are private.

Equity Mutual Funds Contacts

Birmingham Contact Equity
SkyBridge Wireless Inc., Las Vegas
James Wheeler or Jason Neiberger, 702-897-8704 or
866-SKY-BRDG
info@skybridgewireless.net
http://www.skybridgewireless.net

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