5G Wireless Communications Signs its 2nd Solar Project LLC Formation Agreement under the "Clean Energy and Power" Business Model

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Mon May 11, 2009 11:17am EDT

REDONDO BEACH, Calif.--(Business Wire)--
5G Wireless Communications, Inc. (OTC Pink: FGWC) www.cleanenergyandpower.com
signed its second LLC Formation Agreement for a Solar Project to be deployed in
the Czech Republic. 

The Agreement calls for the formation of a Nevada LLC which will operate as a
Subsidiary of 5G Wireless Communications - "Clean Energy and Power." The
proposed Solar Project is to be located in Kaplice, Czech Republic. A summary of
the project will be listed on the www.cleanenergyandpower.com website. 

The company CEO Bo Linton stated, "CZ2 is another quality Clean Energy solar
project for our company in the Czech Republic and it is exciting for us because
it is much larger than the CZ1 project." 

To learn more about the emerging solar market in the Czech Republic see the
article Solar: Is the Czech Republic the Next Spain?

The Proposed project "Clean Energy and Power CZ2" will require additional
funding and final approvals before it can be fully realized. A portion of the
Capitalization for CZ2 by 5G Wireless Communications is a condition stated in
the LLC Formation Agreement. 

To be added to the email list, please email bolinton@cleanenergyandpower.com
with "Email Alerts" in the subject line. 

About Clean Energy and Power

The Company has shifted its focus to alternative energy opportunities. To be
renamed as Clean Energy and Power, Inc., this California-based firm is dedicated
to acquiring fully developed environmental projects and putting them into
production. Because these acquired projects are rolled into a public company,
investors will have transparency into each project`s financial results. To learn
more, visit www.cleanenergyandpower.com. 

Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Technical complications
that may arise could prevent the prompt implementation of any strategically
significant plan(s) outlined above. The Company cautions that these statements
are further qualified by important factors that could cause actual results to
differ materially from those in the forward looking statements, including, among
others, the following: reduced or lack of increase in demand for the Company`s
products, competitive pricing pressures, and the level of expenses incurred in
the Company`s operations. The Company undertakes no obligation to publicly
update or revise any statements in this release, whether as a result of new
information, future events or otherwise. 



5G Wireless Communications, Inc.
Bo Linton
Tel: (949) 873-8071
Fax: (310) 844-7800
bolinton@cleanenergyandpower.com
www.cleanenergyandpower.com

Copyright Business Wire 2009

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