DURHAM, N.C., March 18, 2008 (PRIME NEWSWIRE) -- GigaBeam Corporation (OTCBB:GGBM) announces that it is releasing a March Letter to Shareholders on its year to date activities including updates on continued cost cutting efforts complemented with strong cash collections, steady order flow, continued progress on new product development and commitment to communication, important information to the public and other matters on the company's performance.
The letter in its entirety can be found at the following:
About GigaBeam Corporation
GigaBeam 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. www.gigabeam.com. Media contact: Marijke McCandless 919-599-6210.
The GigaBeam Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4813
Safe Harbor Statement
This press release and letter attached contain forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our annual report on Form 10-K and other reports we file with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.