MetroFi Receives ``Investors' Choice'' Award at Dow Jones & Co.'s Wireless Ventures 2004; Recognition Comes on the Heels of Company's $9 Million Series A Funding

Wireless Ventures 2004
MOUNTAIN VIEW, Calif.--()--April 27, 2004--MetroFi, a wireless broadband provider changing the landscape of broadband access, today announced that it received the "Investors' Choice" award at the Wireless Ventures 2004 private equity conference. Over 300 business leaders, venture capitalists, entrepreneurs and industry analysts attended the conference and judged the competition. Of the 54 presenting companies, the attendees selected MetroFi as one of the top 10 start-up technology companies best positioned for long-term success in the wireless and mobile communications industry.

"The outlook for the wireless industry is getting better and better, and this Investors' Choice Award recognizes that MetroFi is in a prime position to take advantage of these opportunities," said Richard A. Shaffer, president and editor of Dow Jones Financial Information Services.

"Receiving this recognition from the Wireless Ventures attendees, which included a diverse group of wireless industry leaders, is a great honor," said Chuck Haas, CEO and co-founder of MetroFi. "Combined with our recently announced Series A funding, this award further validates MetroFi's business model and the company's ability to achieve its goal of making affordable wireless broadband a reality."

MetroFi takes a holistic approach to network rollout, activating an entire community at once for pervasive broadband coverage. Using proven 802.11 a/b/g technologies with RF and firmware enhancements, MetroFi creates a robust network designed for reliable high-speed connectivity. Customers can connect to the MetroFi network throughout the coverage area, taking advantage of Wi-Fi technology readily available at retail outlets and built in to most new laptops.

VentureWire, which produced Wireless Ventures, is part of Dow Jones Financial Information Services, a unit of Dow Jones Newswires and Dow Jones & Co.

About MetroFi

MetroFi is a wireless broadband provider building community area networks that change the landscape of broadband access. MetroFi leverages Wi-Fi standards to deliver affordable "go-anywhere" broadband services. Using this third access alternative, MetroFi partners can profitably deliver secure, reliable high-speed service to residential customers whenever and wherever required.

Located in Mountain View, CA, MetroFi is a private company with venture backing from Sevin Rosen Funds, August Capital and Western Technology Investors.

For more information on MetroFi and its services, visit www.metrofi.com or call (+1) 650-810-8000.

About Dow Jones Financial Information Services

Dow Jones Financial Information Services produces focused, sector-specific online newsletters and industry events (www.djnewsletters.com, www.venturewire.com). The group is a unit of Dow Jones Newswires (www.djnewswires.com), which provides real-time news for financial professionals in the equities, fixed-income, foreign exchange and energy markets, and also offers news for financial firms' Web sites. The FIS product lineup includes VentureSource, a sophisticated electronic database on the venture-capital industry; Private Equity Analyst, a monthly newsletter on private equity; VentureWire Pro, the leading daily newsletter on venture capital; and Daily Bankruptcy Review, a "home grown" Dow Jones newsletter for bankruptcy lawyers and related professionals. In addition to Dow Jones Newswires, Dow Jones & Company (NYSE: DJ; www.dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, Dow Jones Indexes and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC of CNBC television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S.

Contacts

MetroFi
Pankaj Shah, 650-810-8008
pankaj@metrofi.com
or
Engage PR (Media)
Robb Henshaw, 510-748-8200 ext: 217
Rhenshaw@engagepr.com

Contacts

MetroFi
Pankaj Shah, 650-810-8008
pankaj@metrofi.com
or
Engage PR (Media)
Robb Henshaw, 510-748-8200 ext: 217
Rhenshaw@engagepr.com