Recent FCC Wireless Telecommunications Bureau Chief, John Muleta, Nominated for Election to First Avenue Networks' Board of Directors MCLEAN, Va., May 12 /PRNewswire-FirstCall/ -- First Avenue Networks (OTC:FRNS) (BULLETIN BOARD: FRNS) , a wireless carrier's carrier, today announced the nomination of John B. Muleta, partner and co-chair of the Communications Group at Venable LLP, for election to its board of directors. Mr. Muleta's election is subject to shareholder approval at the annual meeting scheduled for June 6, 2005. A telecommunications industry veteran, Mr. Muleta was instrumental in developing telecom policy over the last decade in service to the Federal Communications Commission. He was chief of the FCC's Wireless Telecommunications Bureau from February 2003 through March 2005. From 1994 to 1998 he served in a number of roles, including as deputy bureau chief and chief of the FCC Enforcement Division. Industry milestones during his tenure at the FCC include wireless broadband deployment, spectrum leasing/secondary markets, cell phone number portability and the wireless Internet. "John Muleta's distinguished career and the breadth and depth of expertise in the telecommunications industry will provide us with valuable insight. He will be a great addition to our board of directors," said Dean Johnson, President and CEO, First Avenue Networks. "We are striving to lead the backhaul and access evolution by focusing on wireless essential portions of the network. John shares our perspectives on the future of fixed wireless because he has long been at the nexus of wireless innovation." "The time is right for fixed wireless. Mobile carriers, for example, are facing a number of critical networking challenges such as backhauling data- intensive traffic. I believe First Avenue's focus and build-to-order business model demonstrates its comprehensive understanding of these needs," said Muleta. "First Avenue's expansive licensed spectrum assets and operations enable the company to offer compelling solutions to carriers. I anticipate working closely with the team." Internationally renowned for his leadership in the industry, Muleta's 20- year career includes senior management positions with several major telecom businesses. Prior to his FCC appointment, Muleta served as president and CEO of Source 1 Technologies LLC, a systems integration firm based in Washington, D.C. He also co-founded OI Systems Inc., a management consulting firm. In 2001, Muleta worked for Navisite as executive vice president for international business development. Prior to Navisite, Muleta was president of PSINet Ventures Inc. and of PSINet's Global Facilities Division and India, Middle East and Africa Division. About First Avenue Networks First Avenue Networks (OTC:FRNS) (BULLETIN BOARD: FRNS) is a wireless carrier's carrier. The company is leading the fixed wireless backhaul and access evolution by building fixed wireless solutions for mobile backhaul, bypass and fiber extensions that are cost-effective, reliable and rapidly deployed. Since acquiring the 39 GHz licensed spectrum assets of Advanced Radio Telecom in 2001 and the 24 GHz assets and operations of Teligent in 2005, First Avenue has amassed the premier collection of millimeter wave spectrum assets in the United States. It has approximately 1.5 billion channel pops between its 24 GHz and 39 GHz spectrum licenses. First Avenue offers nationwide coverage and added depth in major U.S. metropolitan areas, holding nearly 600 MHz of spectrum in the top 75 U.S. markets. For more information, please visit the company's web site at http://www.firstavenet.com/ or call 703-873-4150. The above information includes forward-looking statements regarding the benefits of the announced acquisition, securities trading and the provision of services by the Company and other opportunities in the Company's marketplace. These statements are not guarantees of future performance. Known and unknown risks, uncertainties, and other factors, including without limitation, the risk that the Company will not obtain the expected benefits of the acquisition, the risk that the Company will be adversely affected by consummating the acquisition, capital constraints, changes to or failure to execute the Company's strategy and business plan, non-renewal or revocation of FCC licenses, variable customer demand, technological risks, ability to manage growth, competition and government regulation and other risks may cause actual results to differ materially from the future results implied or expressed in the forward-looking statements. Many of these risks and uncertainties are further discussed in our most recent filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended December 31, 2004. The Company does not undertake to and expressly disclaims any obligation to update or revise its forward-looking statement publicly to reflect any change in these forward-looking statements, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. DATASOURCE: First Avenue Networks CONTACT: Linda Pitt of GAJ Services Inc., +1-859-291-1005, or , for First Avenue Networks

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