Jay Knabb, President and CEO of Pegasus Wireless Corp.,
Rings The NASDAQ Stock Market Opening Bell

Wednesday, July 19, 2006
at NASDAQ's MarketSite
in New York City.

Pegasus Wireless Corp.
[PGWC]

Jay Knabb, President/CEO of Pegasus Wireless Corp. (PGWC) presides over the opening bell.

Pegasus Wireless Corporation is a leading provider of advanced wireless solutions. Founded in 1993, Pegasus creates hardware and software solutions for broadband wireless networking and Internet access applications through its manufacturing facilities located in China and Taiwan. Pegasus' patented 802.11 technology is the platform for Wi-Fi technology, and the company offers cutting edge wireless products used in computer networking, industrial data transmission, and multimedia applications. Pegasus pioneered the industry's first driver-less, truly plug-n-play wireless Ethernet bridge, and the company's wireless networking products allow a higher user capacity per base station as compared to the competition. These products also offer advanced security, easy true plug-n-play installation, dynamic load balance, non-interrupting real-time roaming connectivity, e.g. VOIP, and fail-safe, self-healing mesh networking capability. Products are distributed through the company's facility located in California. Pegasus Wireless Corporation can be contacted at 510-490-8288 or by visiting their website at http://www.pegasuswirelesscorp.com/.

Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 7/21/2006 Download Hi-Res Quality Photo of this NASDAQ Market Open - Pictured: Jay Knabb, President/CEO of Pegasus Wireless Corp., signs in to the market at the beginning of the trading day. These photos are Copyright 2006, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2006, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.