I've used this in the past with great results.

You just pop it on the end of your favorite mic and ...
voila it's now wireless.
You also need the reciever of course, but it's well under $500,
and it's UHF which is important I think. I used it with the SM58
you mentioned. I never tried it with any other mics.
I know this website says "sold out", but I'm sure you could
find more places that carry them.
http://www.456music.com/itemdetail.cfm?item_id=68773
Good luck.
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Douglas 5 string, Nady MGT-16R Wireless, Korg Pandora PX4B, that's all it takes.
www.shackshakers.com Minnesota Bass Player Club #18