Wireless Age Communications Designated a Threshold Security Under Regulation SHO

TORONTO--(BUSINESS WIRE)--March 10, 2005--Wireless Age Communications, Inc. (OTCBB:WLSA) recently became aware that its shares have ...

Under Regulation SHO an issuer is designated a Threshold Security if for five consecutive settlement days:

- There are aggregate fails to deliver at a registered clearing agency of 10,000 shares or more per security; and

- The level of fails is equal to at least one-half of one percent of the issuer's total shares outstanding.

A security ceases to be a threshold security if it does not exceed the specified level of fails for five consecutive settlement days. The fail to deliver is commonly referred to as naked shorting, where a seller does not own the specific security when he sells.

The current threshold list contains over 100 securities, including several NASDAQ National Markets and Small Cap securities, some with market capitalization in excess of $1 billion. Wireless Age applauds the efforts by the regulators to take steps to curtail the practice of naked short selling. The list of all corporations on the SHO list can be found at http://www.nasdaqtrader.com/aspx/regsho.aspx.

Wireless Ages' management team also recently discovered that the Company's stock has been listed on the Berlin Stock Exchange without authorization from the Company. Wireless Age has engaged legal counsel to instigate measures for immediate delisting from the Berlin Stock Exchange. Furthermore, the Company is also taking preventative measures by processing documentation to be delivered to all other international exchanges in order to prevent further unauthorized listings of Wireless Age stock. Wireless Age is one of a host of publicly-traded companies that have been listed on the Berlin Stock Exchange without Company authorization, and a consortium of these companies are taking similar actions.

"We believe we're in good company having been designated on the Threshold Security list. However, we have been extremely frustrated with the manner in which the market has reacted to recent positive developments. The mmwave acquisition alone increased the top line by approximately 65% with only a 20% dilution in number of shares outstanding, yet out market cap remains unchanged. We can only assume that forces beyond the control of the Company continue to have an affect on the market capitalization." said John Simmonds CEO. "I'd like to assure the shareholders of this company that we will take all reasonable steps that are necessary to counteract these practises."

About Wireless Age Communication Inc.

Wireless Age retail outlets market and sell next generation wireless products and services. Wireless Source distributes prepaid phone cards, wireless accessories, land mobile radios, batteries and ancillary electronics products throughout North America. Wireless Works operates broadband public access and private networks and develops and deploys consumer and commercial products for use on those networks.

mmwave is a distributor, systems integrator and representative of wireless, microwave and fibre optic components, test systems and subsystems. The company provides a range of technical solutions to the Canadian and select international markets - primarily in the manufacturing and service provider segments of the communications industry. The company is a recognized leader in the community broadband industry in Canada and is a member of the WiMax forum, as well as a very active member of the Canadian Wireless Telecommunications Association.

Wireless Age's retail operations (Wireless Age) are conducted through its 94% owned subsidiary Wireless Age Communications Ltd. Wholesale/distribution operations (Wireless Source) are conducted through its wholly owned subsidiaries mmwave Technologies Inc., Wireless Source Distribution Ltd., Marlon Distributors Ltd., Prime Wireless Corporation and the A.C. Simmonds and Sons operating division. Networks and engineering operations (Wireless Works) are conducted through agreements with Knowlton Pass Electronics Inc. and Maxtel Wireless Inc.

Wireless Age has an investment in Azonic Corporation which plans to market low cost, wireless devices including cellular phones. One such phone is designed to be located in glove boxes, first aid kits and emergency supply packages and used for emergency purposes. Another is a prepaid wireless phone designed to be used in the low cost and short-term usage markets.

For additional information about Wireless Age Communications Inc. or its subsidiaries, please visit our website at www.thewirelessage.com or review our periodic filings with the Securities and Exchange Commission at http://www.sec.gov.

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that we will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; our ability to retain key management and employees; intense competition and our ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirement and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc.'s SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.'s SEC filings.

Wireless Age Communications, Inc. (OTC Bulletin Board:WLSA)

Wireless Age Communications, Inc. (OTC Bulletin Board:WLSA)

Contacts

Wireless Age Communications, Inc. John Simmonds Chairman & C.E.O. (905) 833-0808 ext 223

OR Martin E. Janis & Company, Inc. Beverly Jedynak (312) 943-1100 ext. 12

Source: Business Wire (press release) - San Francisco,CA,USA