First Avenue Networks to Present at Lehman Brothers Conference

First Avenue Networks (NASDAQ:FRNS), a fixed wireless
services provider, today announced that it will attend the Lehman
Brothers Worldwide Wireless and Wireline Conference scheduled for May
22 through 23, 2006 at The Waldorf Astoria in New York City. Michael
Gallagher, Chief Executive Officer will attend on behalf of First
Avenue Networks. Mr. Gallagher's panel presentation is scheduled for
Tuesday, May 23, 2006 at 2:00 p.m., and will be made available to the
public via a webcast. Interested parties can access the audio webcast
by going to the conference website www.lehman.com/conferences/2006WWW
and clicking on the "Webcast tab" on the day of the presentation. A
replay of the webcast will be available via the link above until
August 15, 2006.
   During his presentation Mr. Gallagher may discuss and answer
questions concerning business and financial developments and trends.
Responses to questions, as well as other matters discussed during the
webcast, may contain or constitute information that has not been
disclosed previously.
   An updated investor presentation to be distributed at the
conference will be made available to the public via the investor
relations section of the company's website -- www.firstavenet.com.

   About First Avenue Networks

   First Avenue Networks (NASDAQ:FRNS) is a leader in delivering
wireless transport services to cellular carriers, service providers
and government suppliers and agencies. First Avenue provides wireless
backhaul and Carrier Ethernet services over its licensed spectrum
footprint, which includes nationwide 24 GHz and 39 GHz holdings. For
further details, visit http://www.firstavenet.com/ or call (703)
725-7625.

   Forward Looking Statements

   The above information may include forward-looking statements
regarding the benefits the speaking engagement, securities trading and
the provision of services by the Company and other opportunities in
the Company's marketplace. These statements are not guarantees of
future performance. Known and unknown risks, uncertainties, and other
factors, including without limitation, the risk that capital
constraints, changes to or failure to execute the Company's strategy
and business plan, non-renewal or revocation of FCC licenses, variable
customer demand, technological risks, ability to manage growth,
competition and government regulation and other risks may cause actual
results to differ materially from the future results implied or
expressed in the forward-looking statements. Many of these risks and
uncertainties are further discussed in our most recent filings with
the Securities and Exchange Commission, including our annual report on
Form 10-K for the fiscal year ended December 31, 2004. The Company
does not undertake to and expressly disclaims any obligation to update
or revise its forward-looking statement publicly to reflect any change
in these forward-looking statements, or in events, conditions or
circumstances on which any such statements may be based, or that may
affect the likelihood that actual results will differ from those set
forth in the forward-looking statements.