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