(OTCBB:PSUY) has terminated the definitive agreement
with a private lending group to provide the company with a total of
USD $16 million in funding previously announced in its November 30,
2004 press release.

Statements included in this press release that are not historical
in nature are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995.carrieraccess.gif
In summary, Carrier Access has introduced an end-to-end packet
radio access network solution that economically scales in bandwidth
from two T1/E1s per cell site to large "pipe" optical concentration in
switching offices.

historical its

----Platinum
SuperYachts Inc. The company sought to use the initial proceeds of
the financing for a yacht building facility to begin construction on
its semi-custom motor yachts. It is based on advanced network processing software and
custom logic developed by Carrier Access for the Axxius(R),
MASTERSeries(TM), and the new FLEXway(TM) Radio Access Network
platforms. This technology is designed to
allow wireless carriers to avoid spending millions of dollars to
upgrade transport networks from cell sites to mobile switching centers
when deploying new broadband and video data services.

symbolism grenada

Platinum SuperYachts Inc.: Press Release

Information included on the Company's website is not incorporated
herein by reference or otherwise.carrieraccess.com/images/media/image_pr2.com/images/media/image_pr3.
Carrier Access introduces FLEXengine technology optimized for the
MASTERSeries, Axxius, and FLEXway platforms at this year's 3GSM World
Congress trade show, February 14-17, in Cannes, France
(www. For more information, visit www.

meaning ensigns

Carrier Access Announces Next Generation FLEXengine Packet Radio Access Network Solutions at 3GSM World Congress

Carrier Access offers this
next-generation technology for both new product shipments and as an
upgrade to its installed base of over 50,000 cell sites within leading
wireless service providers that include Cingular, T-Mobile, Verizon
Wireless, and American Movile .
FLEXengine is a new high-capacity circuit and packet processing
technology for cell site access , switching center, and transport hub
locations.gif
To reference: Providing Complete Radio Access Network Solutions,"
http://www.3gsmworldcongress.

historical symbolism

These
levels of FLEXengine software implementation are termed overlay,
converge, and compress.
To reference the graphic "Intelligent Access Optimization with
FLEXengine," http://www.

About Carrier Access

Carrier Access (Nasdaq:CACS) provides converged access technology
designed to streamline the communication network operations within
service provider, enterprise, and government markets. Carrier Access
products enable customers to consolidate and upgrade access capacity
for the implementation of converged voice, video, and data services at
lower costs.

flags gif

claims the protection of the
Safe Harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. The products will be shown with
distribution partner Telmar Network Technology - Stand G34, Hall 2.

meaning its

The definitive agreement expired by its terms without the lender
providing any of the expected funding.----

FLEXengine(TM) Technology for Converging 2.5G, 3G and IP/Ethernet
Access with Existing GSM Access Allows Network Operators to
Gain ROI in 6 to 12 Months

Carrier Access Corporation (Nasdaq:CACS ), a market leader in North
American cell site access equipment, today announced the availability
of next-generation Radio Access Network (RAN) solutions based on its
newly released FLEXengine technology. FLEXengine is designed to integrate all critical functions
required to optimize the transport of 2. Carrier Access' technologies help our customers do more
with less.

national flag

To reference the Optical , Scaleable Overlay,
Converge and Compress RAN Solutions please access the FLEXengine
technology links below.com/images/media/image_pr1. FLEXengine technology provides a software-definable
platform that enables broadband and video data services to be added in
Radio Access Networks with minimum capital and operating expenses,
while improving service quality.com).
FLEXengine technology began first product shipments to North American
wireless operators this month.

its reference

Platinum SuperYachts, Inc .carrieraccess.carrieraccess.com/3gsm05

its symbolism

Securities and Exchange
Commission.
The Carrier Access FLEXengine technology is designed to be
software-definable.com/images/media/image_pr4.

image historical

S.gif
To reference the graphic "FLEXengine Technology: End-to-End
Overlay, Converge, Compress RAN Solution ,"
http://www.

symbolism atlasgeo

Business Editors/High-Tech Writers
3GSM World Congress 2005

BOULDER , Colo. This enables wireless operators to use
downloadable software libraries, rather than replace existing
hardware, to enable network access technology upgrades.gif
To reference the graphic "Abis Compression: greater than 50%
Bandwidth Savings,"
http://www.carrieraccess.

national flags

News Editors

FORT LAUDERDALE, Fla.

Platinum SuperYachts Inc.5G, 3G and 4G broadband data
over both existing and new packet-based broadband wireline or
microwave wireless access networks.

animated historical

The Company
cautions readers that forward-looking statements are subject to
certain risks and uncertainties , which could cause actual results to
differ materially and which are identified from time to time in the
Company's reports filed with the U. (OTC Bulletin Board:PSUY)

Software-definable functions are provided to implement progressive
levels of voice and data bandwidth upgrades and packet access
technologies, based on network readiness and service needs.