SiriCOMM Increases Shareholder Equity by Converting Outstanding Notes Payable

Investors Demonstrate Confidence and Support of SiriCOMM

JOPLIN, Mo., March 8 -- SiriCOMM, Inc. (BULLETIN BOARD: SIRC) , a nationwide broadband wireless software and network infrastructure solutions company for the commercial transportation industry and government market, today announced that certain investors have converted an aggregate of $572,500 in outstanding notes payable including accrued interest into the company's securities.

The debt conversion follows the company's completed private placement and was executed on the same terms as the private placement. Debt was exchanged into units consisting of one share of the company's common stock and one warrant to purchase an additional share of the company's stock within three years at $2.00 per share.

Rick Iler, SiriCOMM's Chief Financial Officer, commented, "We are pleased that these shareholders have willingly agreed to convert their debt to equity. The additional support received through this conversion significantly strengthens our balance sheet by $1.1 million and demonstrates continued confidence and support from our investors in our business strategy and growth plans."

About SiriCOMM

SiriCOMM provides nationwide broadband wireless software and network infrastructure solutions for the commercial transportation industry and government market. The Company has a vertically integrated technology platform incorporating both software applications and broadband network infrastructure and access. The vertical-specific, enterprise-grade software solutions are designed to help businesses of any size and the government to significantly increase profitability, reduce operating costs, improve productivity and operational efficiencies, enhance safety, and strengthen security. The Company's unique, commercial-grade private network solution is built for enterprises and integrates multiple technologies to enable an ultra high- speed, open-architecture wireless data network for its software applications and Internet access. The Company believes that its vertical-specific software, network technology, deep industry relationships, and low cost of operations represent significant value to the commercial transportation industry and the government market.

Statements about the future performance of SiriCOMM, economic trends, and other forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of SiriCOMM's products, increased levels of competition for the company, new products and technological changes, SiriCOMM's dependence on third-party suppliers, and other risks detailed from time to time in SiriCOMM's periodic reports filed with the Securities and Exchange Commission. SiriCOMM provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release.