GigaBeam Releases Letter to Shareholders

Updates On SEC Filings, Sales Growth, Cost Containment, New Products and Reinforcement of Overall Strategy


DURHAM, N.C., April 29, 2008 (PRIME NEWSWIRE) -- GigaBeam Corporation (OTCBB:GGBME) has released a Letter to Shareholders on its year to date activities.

The letter in its entirety can be found at the following link:

http://tiny.cc/RLvfC

If you have any difficulty accessing this link, please contact Ms. Marijke McCandless at marijke.mcandless@gigabeam.com or go to www.gigabeam.com

About GigaBeam Corporation

GigaBeam is a provider of fixed wireless communication equipment specializing in the 70/80GHz bands and with product offerings in other spectra. GigaBeam's 70/80GHz products have an efficient license structure and can offer ultra broadband high-speeds for core network applications and lower speeds for economical edge/access applications. GigaBeam products have been deployed in over 20 countries. Current users include government agencies, cities, universities, banks, and other enterprises. www.gigabeam.com. Media contact: Marijke McCandless 919-599-6210.

The GigaBeam Corporation logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4813

Safe Harbor Statement

This press release and letter attached contain forward-looking statements that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our annual report on Form 10-K and other reports we file with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or to changes in our expectations, except as required by law.



            

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