Newsletter

March 7, 2005

Volume VI, Issue 20

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Comments in the BLOG

Over the weekend I did two new BLOG postings- one on Family Room (OTC BB: FMLY) and one on BrandPartners (OTC BB: BPTR). If you have an interest in either of these companies, you should read them. Your comments and questions are appreciated and welcome.

To use the BLOG, simply go to the home page at www.otcjournal.com - the BLOG will scroll down automatically on the right side of your screen. The most current journal entries appear in the middle of your screen. Check back frequently for updates particularly when stocks are moving to overbought or oversold levels or in volatile markets.

NetWork Installation (OTC BB: NWKI) Lands Big Fish To Run Company

NetWork Installation has landed one of the biggest fish in the wireless industry to run the company. After the market closed today, NWKI announced former advisor Jeffrey Hultman has agreed to become the new CEO.

Hultman has an unparalleled history of accomplishment in the wireless sector. Here's a quick recap of his resume. More details below in today's press release:

Former CEO of PacTel from 1987 to 1991. The company grew from $100 million to $1 billion in sales under his direction. PacTel became AirTouch, and was eventually bought out by Verizon in the US. Vodafone bought the European operation.
In 1991, Hultman became CEO of Dial Page. He managed 450 employees and the company grew to over $75 million in annual revenues. Dial Page went public through a $50 million IPO. Over time, Hultman completed another $650 million in additional financing and eventually merged the company with Multi Media Communications. Multi Media was then bought out by NexTel Communications in 1996. The combined value of the transactions was over $1 billion.
Since 1996 Mr. Hultman has been doing some consulting in to the wireless industry and serves on the boards of several organization.

In light of this new development, I believe it is fair to assume NWKI is headed for bigger and better corporate events. Just exactly what those might be I can't say for sure. Based on the new CEO's track record, it's fair to assume he's not taking the job to run a $10 million company. Where we go from here is anybody's guess. My guess is there will be some large scale favorable events in the future.

With regard to the chart, there's really not much change from the last several editions. The uptrend which began last August continues. The stock has really been grinding in a range since December, so it is due to break one way or the other at some point in the future.

This stock tends to drift down on light volume days, and surge on heavier volume days. This indicates the stock is under accumulation.

In light of the recent developments which include a number of VoIP installations, the award of the ComCast contract for the huge Playa Vista Community Project in West LA, and the new CEO, I believe the still will break to the upside at some point in the future. It's just a question of when. A little patience might pay off handsomely with this one.

Here is the complete text of today's release for your review:

Press Release Source: Network Installation Corp.

Network Installation Appoints Ex-Pac Tel Cellular CEO as Its New Chief Executive Officer

Monday March 7, 4:05 pm ET

IRVINE, Calif., March 7 /PRNewswire-FirstCall/ -- Network Installation Corp. (OTC Bulletin Board: NWKI - News) today announced that former Pac Tel Cellular CEO Jeffrey Hultman was appointed as its new Chief Executive Officer.

Network Installation Chairman Michael Novielli stated, "Over the past two years, Network Installation has made tremendous progress evolving from a development stage venture into a full fledged enterprise with a robust pipeline. We believe the Company is now positioned for accelerated revenue growth and consequently requires the moxie of a seasoned veteran to achieve such critical mass. Given Jeff's remarkable track record spearheading not one, but two successful wireless communications companies during his career, we could not have chosen a more capable individual." He added, "Additionally, we have nothing but extreme gratitude for an entrepreneur such as Michael Cummings, who steered us from our early stages to the favorable position we find ourselves today."

Incoming Network Installation CEO Jeffrey Hultman added, "This is a rare opportunity to join a highly seasoned professional team with a business that is poised to expand very rapidly. I now know how Joe Torre felt when he took over the New York Yankees. I intend to apply knowledge gained from my past experiences growing communications businesses, to achieve yet another success with Network Installation."

Michael Cummings commented, "I am very proud of our accomplishments over the past two years. As the Company's largest shareholder, I will continue to offer my assistance to Jeff and the rest of the management team. We have always acted in the best interest our shareholders, and bringing in an operator who has the experience to navigate us through a period of expected rapid growth, is certainly a testament to that." He added, "It has also been a fantastic experience working these past two years with our venture investors at Dutchess Capital Management. They were truly instrumental in assisting in all facets of Network Installation's growth as a business and a public company. I am looking forward to a bright future for our Company."

Mr. Hultman was also appointed a member of the Company's Board of Directors. Mr. Cummings will retain his position as a Director.

From 1987 to 1991, Jeff Hultman served as CEO of Pac Tel Cellular where he managed Pac Tel cellular properties in the United States and oversaw operations and business development which included over 2,500 employees in Atlanta, Detroit, Los Angeles, Oakland, Sacramento, San Diego, and San Francisco. During his tenure as CEO, revenues increased from $100 million to over $1 billion in three years. He directed Pac Tel's successful efforts to win the West Germany and United Kingdom PCS licenses over a dozen other applicants on the strength of a superior business plan and detailed technical system design for both countries. Pac Tel Cellular later became AirTouch Cellular, and is now Verizon Wireless in the U.S. and Vodafone overseas.

In 1991, Mr. Hultman became CEO of Dial Page, Inc., a wireless provider throughout the Southeast, offering paging and digital mobile telephone services. While at Dial Page, he expanded the paging operations throughout seven states by multiple acquisitions and internal growth and achieved a cumulative growth rate in paging of 20% per year, increasing pagers in service from 148,000 to 360,000. He managed over 450 employees and achieved revenues of over $75 million with 38% margins and average revenue per pager of $21, approximately double the industry. Ultimately, Mr. Hultman converted a series of limited partnerships into a corporation and took Dial Page public leading four successful public offerings which raised over $50 million in public and private equity sales, $650 million through public sale and private placement of high yield debt. In August 1995, he successfully negotiated the sale of the paging business to MobileMedia Communication, Inc. and a merger of subsidiary Dial Call with Nextel Communications, Inc. in February 1996. Combined value of these two transactions was in excess of $1 billion. Mr. Hultman attained his Bachelor of Science Degree in Agricultural Economics in 1961 and Master of Science Degree, in Business Management in 1962, at the University of California, Davis. He currently serves a director on the board of several organizations including Comarco Inc., an Irvine, CA-based wireless performance engineering company.

About Network Installation

Network Installation Corp. provides communications solutions to the Fortune 1000, Government Agencies, Municipalities, K-12 and Universities and Multiple Property Owners. These solutions include the design, installation and deployment of data, voice and video networks as well as wireless networks including Wi-Fi and WiMax applications and integrated telecommunications solutions including Voice over Internet Protocol (VoIP) applications. To find out more about Network Installation Corp. (OTC Bulletin Board: NWKI - News), visit our corporate website at www.networkinstallationcorp.net. The Company's public financial information and filings can be viewed at www.sec.gov.

Forward Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of wireless networks or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. 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, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.

For further information, please contact: Michael Novielli, Chairman, Network Installation Corp., mnovielli@networkinstallationcorp.net, ph (845) 575-6770.

Source: Network Installation Corp.

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