GigaBeam Releases Letter to Shareholders - Updates on Cost Cutting, Purchase Orders, and Distribution Agreement

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GigaBeam Corporation (OTCBB:GGBM.OB) has released a Letter to Shareholders on its year-to-date activities.

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GigaBeam Corporation (OTCBB:GGBM.OB) has released a Letter to Shareholders on its year-to-date activities including purchase orders for 14 new systems, successful achievement in initial cost cutting efforts, a new distribution agreement with WAV, Inc., and other matters on the company’s performance.

The letter in its entirety can be found at the following link: http://tinyurl.com/2bhbux .

About GigaBeam Corporation

GigaBeam (http://www.gigabeam.com) is a provider of fixed wireless communication equipment specializing in the 70/80GHz bands and with product offerings in other spectra. GigaBeam’s 70/80GHz products have an efficient license structure and can offer ultra broadband high-speeds for core network applications and lower speeds for economical edge/access applications. GigaBeam products have been deployed in over 20 countries. Current users include government agencies, cities, universities, banks, and other enterprises.

Safe Harbor Statement
Statements in this press release and letter attached regarding GigaBeam's products, services, capabilities, performance, opportunities, development and business outlook that are forward-looking involve and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond GigaBeam's control and difficult to predict, and could cause actual results to differ materially from these anticipated, expressed or forecasted in the forward-looking statements. Such risks and uncertainties may include, but are not limited to: limited capital resources and continued dependence of our operations on additional financing, limited operating history, difficulties in distinguishing GigaBeam's products and services, ability to manufacture and deploy GigaBeam's products, lack of or delay in market acceptance and fluctuations in customer demand, dependence on a limited number of significant customers, reliance on third party vendors and strategic partners, availability of raw materials, subassemblies and components, ability to meet future capital requirements on acceptable terms, continuing uncertainty in the telecommunications industry and the global economy, intense competition in the telecommunications equipment industry and resulting impact on pricing and general financial performance, compliance with federal and state regulatory requirements, timing, availability and success of new technology and product introductions and the other factors discussed in GigaBeam's filings with the Securities and Exchange Commission. GigaBeam does not intend to update the statements in this release to conform to actual results unless required by law.

Contact:
Marijke McCandless
919-599-6210

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Marijke Mccandless
GigaBeam
919-599-6210
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