GOWEX Strengthens Its Board Advisors and Directors by Engaging World Experts in Telecommunications

  GOWEX Strengthens Its Board Advisors and Directors by Engaging World
  Experts in Telecommunications

• Paul Ryb, former Managing Director of Global Banking & Markets at Royal Bank
of Scotland and specialized in Telecom Equity analysis for over 20 years, will
join the company as an Advisory Director

• Carlos Gomez and Alfonso García-Villaraco will create a "more social and
international GOWEX" with a clear commitment to user’s environments and Mobile

Business Wire

MADRID -- April 17, 2013

Regulatory News :

OTCQX), a leader in creating Smart Wi-Fi Cities (Wireless Smart Cities ®) and
Intelligent Wi-Fi Transport, announces the expansion of its advisor and
directors network to assist the Company’s growth plan, especially in the
international area.

Paul Ryb, ex senior Telecom Industry Equity Specialist at Royal Bank of
Scotland, will help GOWEX to achieve its Strategic Growth Plan, that is to
reach 300 world capitals within the next 3 years and will join GOWEX Advisors

Meanwhile, Alfonso García-Villaraco and Carlos Gómez will develop strategic
services oriented to mobile’s environment and apps’ ecosystem, Public
Administration, transport, end users, private entities... and all stakeholders
in a city, with the aim to integrate them within Wireless Smart Cities®. From
a disruptive technology vision, this process development will set a pattern
and an innovative approach to telecommunications in our cities.

Paul Ryb

After more than 20 years working in investment banking in the City and at a
senior level within the Telecoms Sector, Paul’s knowledge of the sector will
bring unparalleled experience to GOWEX. Paul most recently served as a
Managing Director within the Global Banking & Markets Division at RBS Group
(Royal Bank of Scotland).

Alfonso García-Villaraco

One of the most important and fastest growing areas in GOWEX is the mobile
environment and ecosystem of apps, whose manager is Alfonso García-Villaraco,
GOWEX Mobile CEO. With over 20 years experience in multinational companies
such as AT&T, France Telecom and Alcatel Lucent, Alfonso is an expert in
mobile business development and builds up the implementation and strategy of a
Company’s peak demand in a new business line, as GOWEX Mobile.

Carlos Gómez Vendrell

Carlos Gómez Vendrell lead the company's bid for intelligent services to
citizens, businesses and institutions within the Wireless Smart Cities®. With
15 years of international experience in the telecommunications industry,
Carlos Gómez Vendrell has led projects specialized in wireless and mobile
environments in companies as Nortel and MBA for the Enterprise Institute.

With these incorporations, GOWEX reinforce its commitment in both smart
services within Wireless Smart Cities® and its international target to deploy
the 300 cities network in major world capitals over the medium term.


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 means of 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 make 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 February 2013, the SEC approved
the launch of a program of ADR (American Depositary Receipt), enabling the
Group to be also traded in the United States on the OTC market. Effective
since March 2013, following the stock split by 5:1, the number of outstanding
shares of the company is 72,313,360, maintaining the nominal amount of share
capital by 723,133.60€.

With offices in Madrid, Burgos, Buenos Aires, London, San José (Costa Rica),
Paris, Shanghai, and Dubai, GOWEX develops 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”


Charlène Masson, 01 56 88 11 28
Benjamin Lehari, 01 56 88 11 25
International Communications Manager & Investor Relations
Florencia Mate Garabito, +34 9 13 60 14 70
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