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Wireless Capital Partners, LLC Announces Promotion of Paul Hwang

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LOS ANGELES, May 23, 2013 (GLOBE NEWSWIRE) -- Wireless Capital Partners, LLC ("Wireless Capital") announced today that Paul Hwang has been promoted to Chief Operating Officer / Executive Vice President.

Mr. Hwang joined Wireless Capital in 2003 and most recently served as Chief Information Officer / Executive Vice President where he was responsible for all process, systems, and business development initiatives. In his new role, he will have the added responsibilities of developing and executing Wireless Capital's corporate and operational strategies.

"Paul has played a key role in all aspects of the business over the last several years, and this promotion is an appropriate recognition of his phenomenal effort, dedication, and achievement," said Brad Knyal, CEO of Wireless Capital. "The Board of Managers and I are thrilled to have Paul in this new position, and we look forward to a continued partnership for years to come."

About Wireless Capital Partners, LLC

Wireless Capital Partners, LLC was founded in 2001 as a financial services company specializing in the acquisition of cellular ground leases. Since inception, the company has acquired over 4,000 lease assets throughout the United States. In 2012, The Blackstone Group's Blackstone Tactical Opportunities acquired a controlling interest in the company. Further information is available at www.wirelesscapital.com.

CONTACT: Media Contact: Louise Wong Director of Marketing Wireless Capital Partners, LLC lwong@wirelesscapital.com 310-481-8710

Source:Wireless Capital Partners, LLC