June 16, 2008

Calypso Wireless, Inc. Announces European Patents for Its ASNAP(TM) Technology in Twenty-Five Countries

MIAMI, June 16 /PRNewswire-FirstCall/ -- Calypso Wireless, Inc. , a leading innovator in advanced wireless telecommunications technologies announced today that the company has received news that its patent applications for its ASNAP(TM) technology have been accepted in twenty-five European countries. With those rights now secure and the newly established ability to protect those rights in Europe as well as America, the company has begun the process of monetizing its technology.

Last week, patent attorneys for Calypso informed the company that its applications for patents of its ASNAP(TM) technology have been accepted by 25 countries, including Austria, Belgium, Bulgaria, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Monaco, the Netherlands, Portugal, Romania, Sweden, Slovakia, Switzerland & Liechtenstein, Turkey and the United Kingdom.

"We have full control of what many industry experts believe to be some of the most exciting mobile telecommunications technology to emerge in years. Calypso Wireless is in a position to derive revenue from its technology holdings, which include Fixed Mobile Convergence (FMC) and Unified Communications (UC). Our multiple U.S. and European patents allow Calypso to offer licenses for our breakthrough technology to companies across the telecommunications spectrum in countries around the world," says Richard Pattin, President of Calypso Wireless, Inc.

"Calypso believes that through the use of its ASNAP(TM) technology, which allows the seamless switching back and forth of signals between Local Area Networks, such as Wi-Fi, and cellular towers, mobile device users can effortlessly send and receive large data files and conduct video-conferences with theater-quality picture and sound capabilities. We appreciate our very dedicated shareholder base that shares our belief that ASNAP(TM) technology can revolutionize the way the world uses mobile devices to share voice, data and video at super-high speeds. With the progress we are making on all fronts, it looks like those years of dedication are starting to prove worthwhile. We hope to continue making the kinds of leaps forward we have made over the short-term and build on our enormous long-term potential to monetize Calypso's patented technologies on a global basis," continues Pattin.

About Calypso Wireless, Inc.

Calypso Wireless' patented ASNAP(TM) technology enables the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers and short-range Internet access points (such as Wi-Fi, Bluetooth, etc). ASNAP(TM) also enables greatly enhances services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso's cellular phones, PDA's or any mobile device powered with ASNAP(TM). Another of Calypso's technologies enables cellular phones and PDAs to convert any incoming text messages to voice messages and vice versa. Calypso plans to begin licensing its technologies to mobile operators, OEMs and ISPs. For more detailed about Calypso Wireless, please visit: http://www.calypsowireless.com/.

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward- looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned,' 'expects,' 'believes,' 'strategy,' 'opportunity,' 'anticipates,' 'hopes' or other similar words. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

    Contact:    Calypso Wireless Inc.    Richard Pattin    305-477-8722    [email protected]    http://www.calypsowireless.com/  

Calypso Wireless, Inc.

CONTACT: Richard Pattin of Calypso Wireless Inc., +1-305-477-8722,[email protected]

Web site: http://www.calypsowireless.com/