Let's GOWEX Begins Trading Its ADRS on OTCQX Market

  Let's GOWEX Begins Trading Its ADRS on OTCQX Market

  *From Today GOWEX ADRS Will Be Traded on the OTCQX Market ®, the Premier
    Tier of the Over the Counter (OTC) Market in the U.S.
  *GOWEX Will Join Adidas, Repsol, Gazprom and AkzoNobel by Listing on the
    OTCQX® Market

Business Wire

MADRID -- April 16, 2013

Regulatory News:

Program)(MAD:GOW)(Paris:ALGOW)(OTCQX:LGWXY), a leader in creating Wi-Fi Smart
Cities (Wireless Smart Cities®) and Intelligent Wi-Fi for Transport, has
chosen to have its American Depositary Receipts (ADRs) traded on OTCQX®, ^ the
best OTC marketplace with qualified companies.

Following the stock split by 5:1 effective since March 25^th, the ADR ratio
per share is still 1 ADR per common share.

Trading on OTCQX Market®

GOWEX ADRs will move to the OTCQX Market ®, the largest OTC market in the U.S.
which has been chosen by prominent international companies including Gazprom,
Adidas and Peugeot among many others.

U.S. investors can find information of the Company and the listing of ADRs on

Bank of New York Mellon

BNY Mellon will continue to be the custodian bank of GOWEX ADRs on OTCQX® and
will be responsible for advising the Company and making sure that it meets
market requirements.


GOWEX has operated in the telecommunications sector for 14 years. It is
currently leading the creation of "Wi-Fi Cities," which offers free and
premium Wi-Fi connectivity on the street and in public transportation. The
company is now exporting its innovative business models to many cities in
Europe, South America, Asia, and emerging countries.

In 2010, it became the first and only Spanish SMB to achieve a "dual listing,"
publicly traded in MAB (GOW) and NYSE-Euronext (ALGOW). The company's total
revenue amounted to €66.7 million in 2011, and for the first half of 2012, it
was €41 million (60% over the same period on 2011). In December 2012, GOWEX
executed a €18 million capital raising exercise, adding 1,528,404 new common
shares to the market. In February 2012, the SEC approved the launch of a
program of ADR’s (American Depositary Receipts), enabling the Group to also be
listed in the United States on the OTC market.

With offices in Madrid, Burgos, Buenos Aires, London, San José (Costa Rica),
Paris, Shanghai, and Dubai, GOWEX has developed a sustainable business model
in its Wi-Fi networks, based on the efficient and technical quality of their
patented platforms: the “Roaming Platform”, which allows users to connect
freely in all the cities, and the”Geolocalization Content and Advertisement
Platform”, which provides financing business through marketing and
advertisement agreements.

In 2011, GOWEX joined the Wireless Broadband Alliance and received a prize for
the “Best Web Company” on Internet Day.

In February 2012, Jenaro García GOWEX CEO received the “Entrepreneur of the
Year Award” by Ernst & Young in the category of "Innovation”


International Communications Manager & Investor Relations
Florencia Mate Garabito, +34 9 13 60 14 70
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