Released on = April 26, 2007, 4:10 am

Press Release Author = Walt Lecter/Carlton Hedges & Associates

Industry = Financial

Press Release Summary = Short Wave Wireless Communication Systems announced it has
acquired Computer Wirless IP Systems for $25 million in cash and $75 million in
stock.

Press Release Body = The ultimate purchase price could increase to $235 million by
2010 if Computer Wireless IP Systems manages to achieve "certain revenue
milestones," although NextWave did not provide specifics.

"Computer Wireless IP Systems and Short Wave Wireless Communications Systems will
work together to expand Computer Wireless IP Systems' product portfolio to
incorporate WiMAX and/or Wi-Fi technologies for those service providers and
equipment vendors that require such solutions," said Albert Salmon, chairman and CEO
of Short Wave Communications Systems. "Computer Wireless IP Systems' excellent
global track record, including their successful introduction and commercialization
of unique technology and their development of several industry-first wireless
broadband technologies clearly demonstrate their strong capacity for technical
innovation and the clear value they will bring to Short Wave Wireless Communications
Systems."

Carlton Hedges & Associates were the corporate advisers for the acquisition which
has taken over 18 months to complete

Carlton Hedges & Associates provides financial advisory services to wealthy
individuals and families, select endowments, and corporate clients. Their
independent, fee only, conflict free \"open architecture\" consulting service combines
a blend of independence, tax awareness and extensive intellectual resources. Carlton
Hedges & Associates today is one of the best-recognized open architecture firms
advising clients on their investment portfolios and other wealth management issues.

With expertise in the Investment Banking industry, Carlton Hedges & Associates can
help you meet the challenges of wealth investment. Carlton Hedges & Associates is a
professional financial advisory and venture capital firm with expertise in Mergers
and Acquisitions, Investment Banking, Emerging Growth Companies, and Specialized tax
advisory services. Carlton Hedges & Associates provides powerful solutions for
growing your wealth in a complex market.


Web Site = http://

Contact Details = Walt Lecter
Carlton Hedges & Associates
44 Wall Street
New York
USA
Tel: +1-718-732-2850