Nexaira Wireless Inc., ("Nexaira") (NXWI.OB) a best-in-class provider of customized wireless routing solutions for 3G/4G business applications, announced today the closing of a key element of its short term funding initiatives.

On May 16, 2011, Nexaira, Inc., our subsidiary, entered into a loan agreement with an institutional lender, securing a $2.5 million financing comprised of a $300,000 bridge loan and up to $2.2 million in purchase order financing.

The purchase order financing will enable Nexaira, Inc. to acquire inventory to meet the growing demand of its suite of products from its customer base. "Obtaining this financing from an institutional lender is a key element of our growth strategy going forward," said Ralph Proceviat, CFO.

In connection with the loan agreement, we issued share purchase warrants to the lender and a finder, to acquire shares of our common stock.

About Nexaira - The Leader in Secure High Availability Wireless Applications

Nexaira's routing solutions are simple to install yet provide the advanced management and business class features demanded by the most sophisticated users. Nexaira's wireless devices are ideal for secure high availability applications acting as the primary router for wireless, DSL, or cable networks or can be used to provide complete device and network redundancy in wide area network-failover/ fail back applications. For more information visit www.nexaira.com.

Nexaira Wireless, Inc.
Ralph Proceviat, 604-682-5629
rproceviat@nexaira.com
or
Jennifer Larson, 858-455-4853
Marketing
jlarson@nexaira.com