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AXXCELERA PRESIDENT/CEO RECEIVES ERNST & YOUNG ENTREPRENEUR OF THE YEAR HONORS

HOLLYWOOD, CALIFORNIA, June 26, 2002 - Jamal Hamdani, Axxcelera's President & CEO, was honored today with the coveted Ernst & Young Entrepreneur of the Year award for the field of Technology. The Entrepreneur Of The Year awards program was founded by professional services firm Ernst & Young LLP in 1986 to honor outstanding entrepreneurs whose ingenuity and perseverance have created and sustained successful growing business ventures. This award, which recognizes and honors the achievements of successful entrepreneurs around the world, is the most prominent of its type on a national and international scale. The E&Y program was established to honor business people who are successful entrepreneurs themselves; and to highlight the benefits they bring to the community. The National and World Entrepreneur of the year award will be announced in November 2002. Previous winners of this award include CEOs of Broadcom, PowerWave and EBAY. Mr. Hamdani, in his acceptance speech, indicated he was honored to accept the award on behalf of the 300 employees he works for and the thousands of customers his companies are privileged to serve. Moseley, the parent company of Axxcelera Broadband Wireless, and its other wholly owned subsidiaries CarrierComm and Microwave Data Systems offer wireless solutions from 9.6 kbps to 311 Mbps covering the 200 MHz to 38 GHz spectrum for both point-to-point and point-to-multipoint applications for the broadcast, industrial, broadband enterprise, and service provider marketplaces. Moseley is an ISO 9001 company with offices in Santa Barbara, California; Rochester, New York; China; United Kingdom; and Brazil. Distributors and agents in over 70 countries augment Moseley's 300 employees, including over 75 engineers. Moseley has more than 400,000 ETSI-, FCC-, Anatel-, IC-, UL-, and CE-approved radios deployed in over 120 countries. Additionally, Moseley also provides in-house systems engineering, field engineering, and worldwide installations. Profitable for each year of its operation, Moseley has grown from revenues of US $8 million in 1996 to over US $80 million in 2001. Click here for the text of the Ernst & Young article.