Unity Wireless Corporation Issues Letter to Stockholders-Provides Update on Business Outlook.

Business Editors/High-Tech Writers

BURNABY, British Columbia--(BUSINESS WIRE)--Nov. 1, 2002

Unity Wireless Corporation (OTCBB: UTYW; TSX Venture: UWC), a leading provider of power amplifiers to the wireless industry, today released the following letter from Ilan Kenig, Chief Executive Officer of Unity Wireless, to its stockholders:

Dear Unity Wireless Stockholders:

Let me begin by thanking you for your continued support of Unity Wireless. As a stockholder of Unity, I know that the last year has been a difficult one for all of us. Volatile capital markets and reduced capital expenditures by wireless service providers have left many in our indu...

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