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RVIA news........

ROANOKE, Texas, Mar 15, 2004 (BUSINESS WIRE) --

Roanoke, Texas-based REVA, Inc. (OTCBB:RVIA) this week closed the merger with BOLD Communications Networks, L.L.C. in a deal valued at $3.2 million. BOLD is a Texas-based, first-tier wireless communications company providing wireless Internet services to rural and semi-rural subscribers; areas where broadband access has been extremely limited.

REVA currently services over 500 wireless customers with wireless Internet service. Additionally, the new customer base will increase quarterly revenues by more than 70%. 'These new revenues will provide a stable financial infrastructure that positions us for more growth and expansion into other regions,'commented Randy Dansby, Vice President of Finance for REVA.

James Ontiveros, CEO, said, 'REVA now increases its distribution channels for placing its products into residential markets. This merger increases REVA's existing client base by more than 100%. The increase in customer base and territory now gives us prime targets for beta testing our video-on-demand product, as well as our products in home surveillance and home health monitoring. It's an ideal situation for both companies, in that REVA gains distribution channels and BOLD can now provide a fully customized Internet experience for its subscribers.'Beta testing of new products is expected to begin before year-end.

REVA began restructuring efforts earlier this year by centralizing data centers and customer call centers. 'Tapping into a strong IT and engineering staff provided by BOLD gives REVA the manpower it needs to quickly expand its service areas,'said Ontiveros. 'The combination of assets and strong customer service along with sales and marketing capabilities gives REVA the ability to aggressively pursue our markets. We expect to be able to quickly leverage our business model in an industry poised for tremendous growth.'

The merger greatly expands REVA's service area in Texas with potential to serve more than 91,000 subscribers in the Decatur area, including Justin, Rhome, Newark and other areas west of the DFW Metroplex. REVA has plans for rapid expansion into other locations as well. For more information visit http://www.revawireless.net.

CURRENT BUSINESS INFORMATION: REVA, Inc. historically is a developer and manufacturer of Video Compression, Security & Surveillance, and TeleHealth systems. The Company provides wireless Internet services and designs and manufactures technology and products for the video communication market. The Company's remote video communication products can transmit (via compression) video, audio, and data over various communication medias at speeds that exceed those of its competitors.