qServe Communications Receives $15 Million Investment;Leading Wireless Infrastructure Provider...

Business Editors/Hi-Tech Writers

CHICAGO--(BUSINESS WIRE)--May 1, 2000

qServe Communications, Inc., a leader in the wireless infrastructure provisioning industry, announced today that it closed on $15 million of equity in a Series A round of financing.

The investment,

John Taylor, stated, "This investment will position qServe to become a leader in nationwide turnkey wireless infrastructure provisioning by offering a complete array of wireless installation and maintenance services. We plan on using the $15 million of equity from the Series A round of financing to acquire companies in the wireless engineering, installation and maintenance industry."

According to Brian Ladin of Talisman and member of the qServe board of directors, "qServe was formed to take advantage of the rapid growth and high level of fragmentation of the wireless infrastructure provisioning space. qServe is the prototype Talisman portfolio company-it's a telecommunications infrastructure company that will benefit from the tremendous need for additional telecom equipment and services that goes hand in hand with the ever-increasing global demand for bandwidth."

qServe's board of directors has a distinguished list of industry veterans, including Bud Finley, founder of TeleSite Services, Inc. and Mark Shapley, former principal of Summit Tower.

qServe delivers turnkey infrastructure provisioning services; project management, design, installation, construction, and maintenance, to the wireless communications industry. qServe provides services to cellular, PCS, SMR, LMDS and fixed wireless carriers as well as tower consolidators and owners, utilities and government entities.

qServe is committed to assisting its customers in the development and maintenance of their voice, data and Internet networks throughout the nation.

Additional information is available at www.qserve.com