OTTAWA—MAY 12, 2003— PointShot Wireless, an early stage company developing wireless infrastructure solutions for Wi-Fi (802.11 wireless) networks, announced today it has completed its seed financing. The round was led by Venture Coaches and includes prominent angel investors. The investment will be used to complete development of PointShot Wireless’ SolutionPoint family of products and expand sales and marketing activities.

“PointShot Wireless is focused on providing wireless solutions for connecting people and businesses wherever they are. We allow people to use WiFi in locations like trains and remote places where easy access to high speed internet has not been possible before.” said Shawn Griffin, President and CEO of PointShot Wireless. “Our initial feedback from our trial customers has been very positive.”

“We’re very excited about the prospects for PointShot Wireless and the opportunities available to the company” added Claude Haw, Managing Partner of Venture Coaches. “PointShot Wireless has an end to end solution delivering high value applications for the public WiFi market and is well positioned to take advantage of the tremendous growth expected for this market.”

PointShot Wireless’ core technology, the SolutionPoint^TM Platform is designed to deliver “always-on” wireless internet access. It comprises a unique architecture that bridges 802.11 networks to next generation wireless, cellular and satellite networks, delivering a host of business and user applications. By extending wireless services to mobile, remote and instant hotspot markets, PointShot Wireless makes businesses more profitable, travelers more productive and wireless Service Providers more competitive.

PointShot Wireless was founded by Shawn Griffin (President & CEO) and Warren Gallagher (CTO), accomplished entrepreneurs who had previously co-founded SpeechFront, which built speech-activated applications for mobile professionals, and which was acquired by Nuance Communications, the world's leading provider of speech recognition technology. The management team includes Eliot Burdett, VP Business Development, and Mike Sandler, VP Engineering.

About PointShot Wireless

PointShot Wireless™ is an early-stage company located in Ottawa Canada. PointShot Wireless™ provides the most complete wireless solutions to businesses creating environments that enable people to work, communicate and be entertained – no matter where they are located or how they travel. We apply our expertise to extend the reach of wireless networks for the benefit of those businesses and their customers. The SolutionPoint™ family includes products for rail operators, remote locations and instant hotspots. For more information, please visit www.PointShotWireless.com.

About Venture Coaches

Venture Coaches is an early-stage investor committed to building the next wave of communications and information technology companies. The Partners have extensive operational knowledge and experience to mentor portfolio companies in technology development, corporate governance and business development. Venture Coaches is headquartered in Ottawa, with investments across Canada. For more information, visit www.venturecoaches.com.