FOR IMMEDIATE RELEASE
December 8, 2008

JAB WIRELESS, INC. SECURES EQUITY AND DEBT FINANCING

JAB Wireless announced today that it has secured $14 million in equity financing from ABRY Partners LLC and company management and $17.5 million in debt financing from Hercules Technology Growth Capital, Inc. JAB Wireless serves as the parent company to a number of Wireless Internet Service Providers (“WISPs”), including SkyBeam, Digis and AirCanopy. Its WISPs provide high speed internet access, Voice over IP and other data services to over 60,000 residential and business customers. The company plans to use the funds to continue its expansion through mergers and acquisitions and organic growth.

“With strong financial liquidity and low cost, recession-resistant services, JAB is well-positioned to continue its rapid growth and profitability in tumultuous economic times,” remarked JAB CEO, Jim Vaughn.

"We are thrilled to be backing Jim Vaughn and Jack Koo (JAB's COO), who were so successful in their partnership at Frontiervision, their prior cable television venture,” said John Hunt, a Partner at ABRY Partners. “We look forward to helping them as they grow JAB though continued rapid organic and acquisition-led growth."

RBC Daniels, L.P. acted as exclusive financial advisor to JAB Wireless in the transaction.

About JAB Wireless, Inc.
JAB Wireless, Inc. is the parent company to fixed wireless service providers delivering high speed broadband and VoIP services to residential and business customers in the western United States. JAB Wireless commenced operations in May 2006 and is headquartered in Greenwood Village, Colorado.

For more information, please contact:
Kristy Neary, JAB Wireless, (303) 330-0531, kneary@jabbroadband.com.

About RBC Daniels
RBC Daniels is a leader in financial services to the cable, telecommunications, media and technology industries worldwide. The company assists clients with mergers & acquisitions, public and private equity & debt financings and financial advisory engagements. RBC Daniels is a subsidiary of RBC Capital Markets Corporation. RBC Daniels is a member of FINRA and SIPC.

For more information, please contact:
Bill Fowler, RBC Daniels, 303-778-5555, bill.fowler@rbcdaniels.com
or visit www.rbcdaniels.com