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InnerWireless Funds New Business Unit


June 1, 2005

InnerWireless Inc., a wireless network technology vendor serving the health care industry, has secured $15 million from current and new investors. Centennial Ventures Inc., Denver, made an initial investment in the Richardson, Texas-based company during this latest financing round. InnerWireless will use the capital to expedite the creation of a health care business unit in which it will offer its Medical-Grade Wireless Utility technology and services. The vendor's system is designed to help health care organizations manage wireless coverage of voice and data applications over a single infrastructure. The vendor's newly formed health care business unit includes marketing, development and sales staff. It also will help health care organizations plan and deploy wireless networks.


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