High Density Networks Closes a $1 Million Investment Round

High Density Networks Closes a $1 Million Investment Round

New investment comes from both existing and new investors, Investment will fund continued market expansion of leading next generation broadband wireless service provider.

LOS ANGELES, May 11 /PRNewswire/ -- High Density Networks, ("HDN") a leading provider of WiMAX / Wi-Fi Internet access, single dish High Definition DIRECTV and digital voice (d-Voice(R)) for multi-dwelling units (MDUs), announced today it has closed its latest round of financing with $1 million in cash. HDN will use the proceeds to expand its customer base through organic growth as it continues to populate its built-out Los Angeles network. The investment comes from existing investor, Certare Ventures, LLP, as well as from Barry Pier, the new Chief Executive Officer ("CEO") of HDN. Terms of the investment were not disclosed.

"This is a critical time in the evolution of the wireless broadband market, and the proceeds of this round will help us reach our goal of becoming one of the leading wireless broadband companies," said Barry Pier, CEO of HDN. Pier added, "We plan to use the proceeds of this round to establish a scalable and profitable model for expansion within our Los Angeles network. Establishing these 'proof points' will serve us well as we explore additional market expansion opportunities. We are pleased to have participation from our existing investors who have a successful track record and their continued interest validates our view that HDN is taking the lead in a market space with tremendous growth potential."

HDN is currently pioneering the development of fixed wireless networks utilizing a combination of building rooftops and wireless in-building systems. HDN delivers high-speed Internet access with symmetrical upload and download speeds that surpass cable and phone company offerings. HDN's current network addresses over 150,000 units in the Los Angeles market.

About High Density Networks:

High Density Networks, Inc. (HDN) is one of the largest service providers of WiMAX / Wi-Fi, DIRECTV and digital voice for multi-family communities, commercial office buildings and municipalities. HDN provides high speed wireless Internet (starting at $29.99 with speeds up to 7.5Mbps), DIRECTV ($29.99) and Digital Voice d-Voice(R) ($24.99). Bundle discounts and private label bulk rate services are available from HDN. For commercial use, HDN provides up to 100 Mbps and enterprise digital voice services to small and medium size businesses (SMB). For more information, please visit hdn.net.

Source: High Density Networks, Inc.

CONTACT: Barry Pier, CEO of High Density Networks, Inc.,
+1-303-915-3375, barry@hdn.net

Web Site: http://www.hdn.net/

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