SPEEDCOM WIRELESS INVITES YOU TO JOIN ITS SECOND QUARTER CONFERENCE CALL

SARASOTA, FL – August 7, 2001 - In conjunction with SPEEDCOM Wireless Corporation's (Nasdaq: SPWC) second quarter earnings announcement, you are invited to listen to a conference call that will be broadcast live over the Internet Tuesday, August 14 at 4:15 p.m. EST, with Michael McKinney, Chief Executive Officer; Bruce Sanguinetti, President; and Jay Wright, Chief Financial Officer.

Log onto the Web cast, with descriptive graphics, from www.speedcomwireless.com. If you are unable to participate via Web cast, dial in to 800-606-8940 (U.S.) or 952-556-2833 (Int'l). Reference SPEEDCOM.

The minimum requirements to listen to the Web cast are the Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp, and at least a 28.8 Kbps connection to the Internet. If you experience problems listening to the broadcast, send an email to isproducers@prnewswire.com.

If you are unable to participate during the live Web cast, audio from the conference call will be archived on the SPEEDCOM Wireless Corporation Web site, www.speedcomwireless.com , or you may call in for a replay by dialing 800-615-3210 (U.S.) or 703-326-3020 (Int'l), beginning one hour after the completion of the call and ending September 14, 2001. The access number for the replay is 5448197.

SPEEDCOM Wireless Corporation (www.speedcomwireless.com) is a multinational fixed wireless broadband solutions company based in Sarasota, Florida. The company employs more than 100 people with offices in Miami, Dallas, San Diego, Calgary, Sao Paulo, Mexico City, Singapore and Shanghai. SPEEDCOM's Wave Wireless division (www.wavewireless.com) is an innovator and manufacturer of a variety of broadband wireless products, including the award-winning SPEEDLAN family of wireless Ethernet bridges and routers. Its products range from 11 Mbps to 155 Mbps and are offered in point-to-point and point-to-multipoint configurations. Service providers (ISPs, CLECs, LECs), Telco operators and private organizations in more than 60 countries use SPEEDCOM's solutions to provide "backbone" and/or "last-mile" wireless connectivity over distances of 25 miles or more. Since 1998, all products and services have been ISO 9001-compliant.



* SPEEDCOM is a registered trademark of SPEEDCOM Wireless Corporation.

Media Contact:    Jenna Norwood, PR Manager        (941) 358-9283 x359        jnorwood@speedcomwireless.com
Investor Contact:    Gil Sharell, IR Manager        (941) 358-9283 x361        gsharell@speedcomwireless.com




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