Wireless Frontier Internet Inc – ‘8-K’ for 5/17/05 – EX-99

On:  Wednesday, 5/18/05, at 1:54pm ET   ·   For:  5/17/05   ·   Accession #:  1144204-5-16307   ·   File #:  0-08281

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2      9K 
 2: EX-99       Miscellaneous Exhibit                                  1      6K 

EX-99   —   Miscellaneous Exhibit

Wireless Frontier Announces Corporate Changes and Late Filing                   

WFRI announced today that the company is late in filing its Form 10-KSB for the 
fiscal year ended December 31, 2004, and that the annual audit for same period  
is not complete.                                                                

The audit has not been completed due to the inability to audit the Internet     
services division in Blanco County, Texas. Momentum Online Services, Inc.       
("Momentum") was acquired by Wireless Frontier in June of 2003. The Company has 
requested that the State Court in Pecos County, Texas, allow the Company's      
auditors to gain access to the physical records and assets of Momentum in order 
to complete the audit. The Company is working vigorously to resolve this dispute
and move forward to complete its audit.                                         

The Company has also taken measures to raise additional capital and to reduce   
its operating expenses. The Company has reduced its staff and as part of this   
reduction effort, Kelly E. Simmons, the Company's Chief Financial Officer has   
resigned, but will continue to consult with the Company on an as-needed basis.  

"The time the Courts have taken to hear the Momentum lawsuit has put the        
Company at a disadvantage in raising money, pursuing acquisitions, and in       
running its business in general. Although we have been delayed, we are committed
to stay in compliance by completing our audit and SB-2. " stated Alex Gonzalez, 
CEO of Wireless Frontier. He further commented "We have taken steps to cut our  
overhead and expenses which will allow us to stay focused expanding our         
broadband wireless services in areas that need our service."                    

Dates Referenced Herein

This ‘8-K’ Filing		Date		Other Filings
Filed on:		5/18/05		None on these Dates
For Period End:		5/17/05
		12/31/04
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