SkyWay Communications (fka SWYC)

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Press Release Source: SkyWay Communications Holding Corp.


SkyWay Communications Holding Corp. Announces the Removal, Appointment and Resignation of Board Members
Monday April 25, 4:58 pm ET


CLEARWATER, FL--(MARKET WIRE)--Apr 25, 2005 -- SkyWay Communications Holding Corp. (OTC BB:SWYC.OB - News) announced today the removal, appointment and resignation of members of its Board of Directors.
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In a meeting of the Board on April 23rd, Mr. Fuad Talib was removed from his seat by a quorum of the Board members. The removal of Mr. Talib was predicated on questions surrounding Mr. Talib's ability to perform his fiduciary duties to the Shareholders of the Company, in light of litigation between Mr. Talib's son and the Company and its Chief Executive Officer and President.

In a subsequent meeting of the Board on April 24th, Mr. Ray Powers, Chief Operating Officer of Corban Networks, Inc., a company engaged in the ownership and operation of a nationwide infrastructure of wave enabled towers and associated services, was appointed to the Board of Directors.

On April 25th, via a resolution of the Board, the Company accepted the resignations from the Board, of Mr. Brent Kovar, Mrs. Joy Kovar, and Mr. Jim Kent.

The above restructuring of the Board was effected to allow new mind and management to address the business objectives of the Company, in a focused drive to bring value to the Company's Shareholders.

About SkyWay Communications Holding Corporation

SkyWay Communications Holding Corporation and SkyWay is a Clearwater, Florida-based company that is developing a unique ground to air in-flight aircraft communication network that it anticipates will facilitate homeland security and in-flight entertainment. SkyWay is focused on bringing to the market a network supporting aircraft-related service including anti-terrorism support, real time in-flight surveillance and monitoring, WIFI access to the Internet, telephone service and enhanced entertainment service for commercial and private aircraft throughout the United States. Based on the final upgrading of a previous airborne telephone and communications network, SkyWay intends to provide broadband connectivity between the ground and in-flight aircraft throughout the U.S. using technology that provides a broadband high-speed data transmission. SkyWay intends to be the communications solution for commercial and private aircraft owners wanting real time access to on-board security systems, aircraft health and welfare monitoring, avionics operations and for passengers wanting real time high-speed access to the Internet. The network will enable applications that can personalize the in-flight entertainment experience, provide real time access to flight management avionics with long-term data storage and also support for ground monitoring of in-flight surveillance systems that are being designed with the goal of enhancing current airline security standards.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.



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