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FOR IMMEDIATE RELEASE
CONTACT: Bill Fowler
August 4, 2005

VERIZON WIRELESS ACQUIRES PCS LICENSES FROM LITE WAVE

Verizon Wireless has acquired certain PCS licenses from Lite Wave Communications, LLC, it was announced recently.

Verizon Wireless acquired the E Block PCS licenses for the Alpena, Mich. and Petoskey, Mich. BTAs and the F Block PCS license for the Traverse City, Mich. BTA from Lite Wave.  The licenses cover 440,000 POPs.

Daniels represented the seller in the transaction.

Daniels & Associates is a leader in financial services to the cable, telecommunications, media and technology industries worldwide. The company assists clients with mergers & acquisitions, private equity & debt financings and financial advisory engagements. Daniels is a major force in the U.S. mergers & acquisitions market with more than $100 billion in total transactions. Daniels is a member of the NASD and SIPC.

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