CEO Letter to Calypso Wireless, Inc. Shareholders

FOR IMMEDIATE RELEASE
Miami, Florida, United States of America (Free-Press-Release.com) June 23, 2011 -- To: Calypso Wireless, Inc. Shareholders (OTC: CLYW / CLYW.PK) June 23, 2011;

Though the Company has gone through many transformations and faced many challenges in the last few years, I want to assure our shareholders my commitment to guiding the company and obtaining the best possible value for shareholders. Calypso currently has a limited management team and the decision-making is dependent on its CEO and interim CFO.

Recently Mrs. Kyle Pierce was elected as Interim Chief Financial Officer and immediately began to bring great value to the company. Among many accomplishments, Mrs. Pierce is responsible for the hiring of SEC counsel and for the ongoing maintenance of many company records, including the financial data. Mrs. Pierce was also able to restore services with the company’s stock transfer agent, Continental Trust & Transfer with minimal cost.

Management is working closely with attorneys Paul Storm, Spencer Markle and Buchalter Nemer to coordinate multiple litigation, compliance and fundraising efforts. The company will continue to enforce and defend its rights through the legal system. We are confident we will be successful in this endeavor and will soon be able to inform the shareholders the accomplishments obtained. The Company will endeavor to address SEC compliance with the assistance of counsel and the guidance of regulators. Additionally, a new website is being developed to communicate more effectively with the public.

In 2009 the Company was awarded the patent titled Hybrid Communication System and Method, number 7546141 (“141” patent). The company is ongoingly pursuing licensing of its 141 patent as well as the other patents and technologies with national and international firms. Furthermore, the patent portfolio is being actively managed and management has recently renewed the 923 patent in the following European countries:

Germany
France
Great Britain
Ireland
Italy
Spain
Austria
Belgium
Switzerland (Liechtenstein included)
Denmark

Finland
Greece
Netherlands
Portugal
Turkey
Sweden
Czech Republic
Bulgaria
Cyprus
Romania
Hungary

Management has faced significant opposition from within and externally; nevertheless, I want to assure the shareholders my commitment to restoring Calypso Wireless, Inc. to a well managed, ethical Company focused on building a future with value.

Cristian C. Turrini
Chairman, CEO & President

About Calypso Wireless, Inc.

Calypso Wireless is the company behind the ASNAP(TM) technology for which it was granted U.S. Patent #6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.).

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words.

These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company's expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs.
Contact:
Calypso Wireless Inc.
Cristian Turrini, ccturrini@gmail.com
305-316-7850

SOURCE Calypso Wireless, Inc.