5G Wireless Communications, Inc. (FGWI.OB) Reports 226% Revenue Growth
5G Wireless (FGWI.OB) filed form 10-QSB today, bringing the company current and having the 'E' removed from their stock. The market reacted in bullish style, with the stock advancing 20% today. Revenues from the equipment sales and service and WISP operations were $291,563 for the three months ended June 30, 2007 compared to $89,302 for the three months ended June 30, 2006, an increase of $202,261 or approximately 226%. Revenue from the equipment sales and service and WISP operations was $389,297 for the six months ended June 30, 2007 compared to $298,402 for the six months ended June 30, 2006,…