Independent Auditor Clears Cape Range's Acquisition Plan of

          Cape Range to Hold Shareholder Meeting for Final Approval 

  PERTH, Australia, March 14 /PRNewswire/ -- Cape Range Wireless Limited 
(ASX: CAG AU; OTC: CPGEF) today announced that Price WaterhouseCoopers has 
issued an independent report examining the details of Cape Range Wireless' 
proposal to acquire Arcadian Wireless.  The report states that there are 
several main advantages of the deal, which makes it an attractive transaction 
for the current non-associated Cape Range shareholders.  The report has also 
been approved by the Australian Stock Exchange (ASX).  
Some of the main advantages of the Agreement to the non-associated 
shareholders of Cape Range are outlined in the report as follows:  

      -- The likelihood of an alternative similar investment in the 
       telecommunications industry is low. 
    -- Short term reduction in the Cape Range share price is less likely or 
       the extent of any reduction is likely to be less following the 
       acquisition of the remaining 81.82% of Arcadian. 
    -- The acquisition may assist Cape Range's plans to list on the NASDAQ 
       which would result in Cape Range trading on multiple stock exchanges, 
       increased liquidity of the stock and access to capital worldwide. 
    -- Should the merger proceed, a single international company would own the 
       technology (including the exclusive rights to exploit the technology) 
       and the resulting products.  Synergies and efficiencies may be realized 
       in creating and marketing the products worldwide through an 
       international network. 
    -- The merger of Arcadian and Cape Range will provide a worldwide network 
       of staff and management positioned to take advantage of the growing 
       South East Asian market. 
    -- The internationally based operations of the merged entity will increase 
       the ability to attract top management. 

  Ron Wise, Chairman of Cape Range, said, "Our strategy is to create a 
successful company in the fixed wireless field while enhancing shareholder 
value.  We are confident that the shareholder approval and the listing on 
NASDAQ will facilitate faster value for all."  
The general meeting of members of Cape Range Wireless, in which 
shareholders' will vote to approve the acquisition of Arcadian, will be held 
at Level 1, 1 William Street, Perth, Australia on April 11 (11:00 am).  Cape 
Range proposes to acquire the remaining 81.82% interest outstanding in 
Arcadian to increase its total shareholding in Arcadian to 100%.  In 
consideration, Cape Range will issue shares and options in Cape Range in 
exchange for all of the outstanding shares, options and warrants in Arcadian. 
The full merger document is filed on the ASX and will be mailed to the 
  Cape Range Wireless is a fast growth business accelerator specializing in 
wireless telecom systems.  Upon the completion of the merger with Arcadian 
Wireless, the Company will provide proprietary fixed wireless last mile 
solutions for voice, high-speed data and a range of hybrid telecommunications, 
focusing on rural areas.  It products are built to withstand the rugged 
weather extremes found in parts of Asia Pacific.  Arcadian's strategic partner 
is Texas Instruments.  For further information, please visit 

SOURCE  Cape Range Wireless Ltd.  
-0-                             03/14/2001  
/CONTACT:  Ron Wise, CEO of Cape Range Wireless Ltd., +61-8-9322-4144,; Can Onen of The Anne McBride Company, 
212-983-1702, ext. 212,, for Cape Range Wireless Ltd./  
/Web site:  
CO:  Cape Range Wireless Ltd.; Arcadian Wireless; Price WaterhouseCoopers 
ST:  Australia 
-0- Mar/14/2001 15:14 GMT
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