MCLEAN, Va., May 12 /PRNewswire-FirstCall/ -- First Avenue Networks
(OTC 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 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.

Link to this page: