Reality Wireless Networks, Inc., a fixed wireless broadband services provider based in California’s Silicon Valley, and DONOBi, Inc., a privately held wireless connectivity and internet solutions company based in Bremerton, Washington, announced the signing of a Share Exchange Agreement between the companies.

The Share Exchange Agreement contemplates the closing of the transaction on July 31. Upon the completion of the transaction, shareholders of DONOBi, Inc., will receive approximately 47.3 million shares of newly issued common shares of RWNT, which is expected to represent approximately 80 percent of all the issued and outstanding shares of RWNT.

DONOBi, Inc., founded in 1999 through the acquisition of eight rural ISPs, has grown to 10,000 subscribers in the Pacific Northwest providing three primary services through three separate divisions.