Distribution Specialist Expands Wireless Technology Portfolio with GigaBeam WiFiber®

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Vendor distribution agreement expands WAV's portfolio for wireless industry VARs and solution providers.

WAV, Inc., a value-added-distributor (VAD) of wireless, security, RFID, VoIP and portable data-collection equipment, announced that it has entered into a distribution agreement with Durham, NC-based GigaBeam Corporation (OTCBB:GGBM.OB), to add WiFiber® to its distribution portfolio of "last mile" solutions.

GigaBeam's WiFiber® technology enables point-to point wireless communications using very high radio frequencies (at 71-76 and 81-86 GHz) for multigigabit-per-second transmission of data, voice and video, enabling implementation of "Triple Play" services including HDTV.

GigaBeam complements WAV's product and service offerings for last mile applications, including local loop, central office bypass, local area networks, metro area networks and wide area network access.

"Our VAR and solution provider customers are deploying last mile and backhauling solutions to enterprise, telco and campus environments. GigaBeam's high-speed wireless point-to-point links are a perfect fit for their business models," said Norm Dumbroff, president and CEO of WAV, Inc. "We're excited to continue to offer our solution providers, VAR customers and the wireless VAR community another great technology as well as our full portfolio of value-added services."

WAV's value added services include pre- and post-sale technical support, site surveys and installations, demo programs, leasing, maintenance contracts, logistics and repair programs.

GigaBeam President and CEO S. Jay Lawrence said, "The WAV distribution relationship is a key component of our overall business strategy as it provides us with access to a distribution channel for our current and planned products throughout North America. We were pleased to enter this agreement with WAV and to have received an initial order from the company."

Applications for GigaBeam's products include: fiber (backbone) POP access, redundant access - network diversity, enterprise campus connectivity, LAN extension, local loop, metropolitan area network (MAN), WAN access, central office bypass, storage access (SAN and NAS), and wireless backhaul.

WAV's product portfolio also includes solutions from Allied Telesis, Alien, Casio, Colubris, Extricom, Fujitsu, General Dynamics Itronix, Motorola/Canopy and Spotwave.

About WAV:
WAV, Inc. is a full-service distributor of wireless broadband, wireless LAN, wireless security, data collection hardware, mobile computing products, mobile printers and voice over IP technology. For more information call (800) 678-2419 or visit its web site at: http://www.wavonline.com

About GigaBeam Corporation:
GigaBeam is a provider of fixed wireless communication equipment and is the market and technology leader in the upper millimeter wave communication bands from 71GHz to 86GHz. GigaBeam's products utilize spectrum that is immune to interference or interception, can be very densely deployed, and have inexpensive licensing to offer users protection. Gigabeam's product portfolio currently has products at 100Mbps (Fast Ethernet) and 1,000Mbps (Gigabit Ethernet) and coming soon will be an expanded portfolio of products from 10Mbps to 10,000Mbps. These products are point-to-point, line-of-sight and can offer ultra broadband high-speeds for core network applications and lower speed and economical edge/access offerings. GigaBeam products have been deployed in over 20 countries worldwide. Current GigaBeam users include many enterprise customers and cities globally, universities, banks, The Department of Defense, and multiple other international government agencies. To learn more about GigaBeam's revolutionary wireless technology, please visit http://www.gigabeam.com

Safe Harbor Statement
Statements in this press release regarding 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 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 products and services, ability to manufacture and deploy 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 filings with the Securities and Exchange Commission. There is no plan to update the statements in this press release to conform to actual results unless required by law.

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Ben Bradley
WAV, Inc.
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WAV, Inc.
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