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Calypso Wireless Successfully Demonstrated the C1250i Wi-Fi-GSM VoIP Skype Call Connectivity Cellular Phones on Vodafone Network at 3GSM Congress

MIAMI LAKES, Fla. Calypso Wireless, Inc. (Pink Sheets:CLYW), a leader in advanced wireless telecommunications technology, announced today that Calypso successfully demonstrated at the 3GSM World Congress 2006 trade show in Barcelona, Spain, the Calypso ASNAP(tm) C1250i Wi-Fi-GSM Dual Mode VoIP Smart cellular phone and Imate SP5 interconnecting on the Vodafone mobile network. The Calypso ASNAP(tm) C1250i, which runs on Intel PXA series application processor and Microsoft WinCE 5.0 operating system, is able to interconnect with Skype for its long distance calls.

Calypso's ASNAP(tm) patented technology for which it was granted U.S. Patent No. 6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network cellular towers access points, such as GSM or Code Division Multiple Access (CDMA a Qualcomm technology) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.) is the solution to deliver seamless connectivity to mobile phones, laptops, PDA and mobile devices.

"With Calypso's ASNAP(tm) patented technology, seamless Fixed-Mobile Convergence mobile subscribers will be able to connect to the mobile or Wi-Fi network and save money on local or long distance calls, interconnecting with Skype for its long distance calls. The demonstration interconnecting on Vodafone was successfully completed. We plan to demonstrate the Calypso C1250i Wi-Fi-GSM Dual Mode VoIP Smart cellular phone and other dual mode phones currently being released on the market on other GSM mobile networks in the future," said Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.

"With over 850 millions cellular phones to be sold worldwide in 2006 (estimated by Frost & Sullivan), we are excited to offer to cellular operators the Calypso Wireless ASNAP(tm) patented technology and bring revenues to Calypso via licensing agreements," said Alessandro Valenti, Vice President of Research and Development of Calypso.

For more information about the 3GSM World Congress 2006 please visit:

http://www.3gsmworldcongress.com

http://www.3gsmworldcongress.com/page.cfm/action=Exhib/ExhibID=01081

About Calypso Wireless, Inc.

Calypso Wireless is the company behind the ASNAP(tm) technology for which it was granted U.S. Patent No. 6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.).

Calypso's patented ASNAP(tm) technology will enable cellular phones to automatically detect any available Wireless Local Area Network (WLAN) and then seamlessly switch between the signals of a standard cellular link towers and an available short-range broadband network such as cable or DSL with Wi-Fi, accelerating wireless broadband deployment, thereby creating a platform for revenue sharing between the synergistic companies and increased revenues for them by delivering new added services. It could also provide significant savings to mobile carriers in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks (WLAN) and IP networks while providing additional sources of revenue. The integration of ASNAP(tm) technology will enable greatly enhanced services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypsos' cellular phones, PDA's (Personal Digital Assistance) or any mobile devise powered with the company's ASNAP(tm) technology. The patent has also given Calypso the rights to offer license agreements to major mobile and ISP carriers as well as to cellular phone manufacturers and OEM's. Calypso has also built upon its patented ASNAP(tm) technology to create a new technology that could provide 'the' solution that allows satellite radio signals from carriers such as XM Satellite Radio and Sirius Satellite Radio to be readily received by all types of mobile wireless devices, thus generating a new potential revenue stream for both the satellite radio companies and the companies supplying service to mobile phones and devices and the manufacturers and retailers of those devices, as well for the licensing of this technology by Calypso.

Calypso Wireless is a publicly traded company headquartered in Miami Lakes, FL. Its common stock trades under the ticker symbol CLYW. For more information about Calypso Wireless and its products and services, please visit the company's Web site at http://www.calypsowireless.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.

This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company's expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs.

CONTACT: Calypso Wireless Inc.

Alice Arguello

Communications and Media

Tel: (305) 828-1483

info@calypsowireless.com

http://www.calypsowireless.com

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