Mr. Andrew Nester Chairman - LMA Systems, Inc. Broadband Wireless World Forum San Francisco, CA February 19-21, 2001

LMA Systems, Inc. Proprietary Document The Market Wireless Broadband The Strategis Group predicts that wireless broadband revenues will reach $3.4 billion in Dain Rauscher Wessels estimates wireless broadband revenues will reach $7.4 billion in eMarketer reports by 2003 small and medium sized business will represent 80% of the total fixed wireless market. Competitive Assessment 100% of towns/cities with more than 1,000,000 inhabitants have access to both DSL and cable. In towns/cities with 50,000 to 100,000 inhabitants, 26.2% have cable and 32.1% have DSL. (Source: US Dept. of Commerce)

LMA Systems, Inc. Proprietary Document Broadband Opportunity Commercial Opportunity 65% of small and mid-sized companies have Internet Access 11% of these companies use broadband (Source: Insight Research, March 2000) Residential Opportunity (Source: NTIA and ESA, US Dept. of Commerce)

LMA Systems, Inc. Proprietary Document Wireless Broadband Opportunity Exploding demand for high speed broadband services Need for high speed connections over the last mile Availability of proven wireless solution using MMDS spectrum Availability of licensed MMDS spectrum in second tier markets Availability of proven, reliable head-end and CP equipment FCC first accepted applications for two way data services in August 2000 Sprint and WorldCom providing leadership and credibility Spent $1B each to acquire spectrum in 1999 Announced plans to launch 60 first tier markets over next two years

LMA Systems, Inc. Proprietary DocumentCompetition ResidentialSOHOSmall Business Medium Business Large Business DSL (ADSL) Cable T1 T3 Satellite MMDS LMDS Unlicensed Wireless

LMA Systems, Inc. Proprietary Document Who is LMA Systems? Provider of fixed, two-way wireless broadband solutions to businesses, residences, and institutions.

LMA Systems, Inc. Proprietary Document LMA Target Markets Focus is on secondary and rural U.S. markets Minimum market size 50,000HH “Positive” demographics Good business mix High PC penetration High HH income High education level Good growth projections Few Competitors

LMA Systems, Inc. Proprietary Document Target Subscribers Small & Medium Businesses Corporate Telecommuters SOHO Advanced Residential Heat Seekers Multiple PCs Home Networks

LMA Systems, Inc. Proprietary Document Have a Strategic Plan Acquire spectrum in second tier and rural markets Provide technical/customer support from single network operating center Offer broadband services to small to medium sized businesses and advanced residential customers Target through “geo-marketing” to capitalize on coverage areas Increase recurring revenue stream in two ways: Develop broadband value added services Leverage network with larger numbers of residential customers

LMA Systems, Inc. Proprietary Document Frequency Evaluation Criteria Availability (fragmented ownership provides opportunities) Fit (clustered, usable spectrum) Valuation ($X per channel per household, adjusted for market size) Acquisition options Purchase Lease (with option to buy and/or right of first refusal) Joint Venture (with option to buy and/or right of first refusal)

LMA Systems, Inc. Proprietary Document Comparison of Technologies LMDS LPTV * MMDSUnlicensed Bandwidth Very High HighHighMedium RangeShortLongLongMedium Propagation True LOS Near LOS CPE Cost HighLowLowMedium Ideal Market Urban Suburban/ Rural Suburban License Cost MediumMediumMediumLow * LPTV is currently licensed for downstream only.

LMA Systems, Inc. Proprietary Document Site Buildout Plan Cookie Cutter approach Approximately $500K to $1M per site (hard and soft costs) FCC application and buildout occur simultaneously 90 days to launch of services Dedicated Team (s) RF Engineer Data Engineer Project Management Launch Marketing Programs Launch Sales Team Launch Installers Assigned QoS Support (Technical/Customer)

LMA Systems, Inc. Proprietary Document Subscriber Acquisition Comprehensive Site Marketing Plans Business Partners Direct Sales In-House Sales Universities MTU’s (Multi-Tenant Units) Third Party Sales Corporate Sales

LMA Systems, Inc. Proprietary Document Broadband Services Base Level Offering Internet Access/Services Data Carrier Services Virtual Private Networks (VPN)

LMA Systems, Inc. Proprietary Document Broadband Services Advanced Offering B2B Application Services/ Web Hosting Voice over IP Custom Video Application Services - Delivering top end applications to small and medium sized businesses. Examples: Profession Specific (Legal, Health Care, HR, etc.) Customer Relationship Management (CRM)/Contact Management Project Management Data Warehousing

LMA Systems, Inc. Proprietary Document Have the Right Balance Businesses bring in five times the revenue of residential accounts. Businesses are better users of value added services. Residential accounts may transition to business accounts as e-commerce, home-based businesses and telecommuting grow.

LMA Systems, Inc. Proprietary Document Different Markets have Different Needs Choose your markets and segments carefully. Select the right portfolio of products to meet the needs of your customers. Don’t be everything to everyone.

LMA Systems, Inc. Proprietary Document The Key is… Carefully manage subscriber acquisition & retention costs. In today's competitive broadband marketplace, it's not enough to know who your customers are, what you want to sell them and how you hope to manage that relationship. To survive and succeed, providers must manage subscribers based on the value those customers bring to the enterprise. Those that do not will lose the coming battle for market share and increasing revenue.

LMA Systems, Inc. Proprietary Document Cost per Residential Subscriber (Source: First Union Securities, Sept. 2000)

LMA Systems, Inc. Proprietary Document Where You Want to Be MMDS DSL Cable LMDS Unlimited Limited HighLow Delivery Cost Sweet Spot

LMA Systems, Inc. Proprietary Document Key Factors for Success Procure adequate spectrum Conduct thorough market and competitive assessments Know your target market and their needs Establish differentiation Manage subscriber acquisitions

LMA Systems, Inc. Proprietary Document Questions & Answers Thank you.