FGWI.OB shares are currently trading at $0.0068, which is a 7.94% increase from yesterday’s close. The company recently reported its second quarter results for this year, which revealed a huge increase in sales and revenues.
For the three months ended June 30, 2007, revenues from equipment sales, service, and WISP operations were $291,563; a 226% increase from the same period last year. The large increase was primarily caused by significant growth in WISP locations and consistant equipment sales to the university campus market place.
5G Wireless intends to continue increasing sales as more universities seek ways to upgrade their current network infrastructures. The company’s product line of G-Force Base Stations offer campuses a host of advantages such as: industrial strength outdoor/indoor wireless coverage, low total cost of ownership, an ideal mix of range and performance, flexible upgrading, decreased network complexity, and reduced cabling.
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