5BARz International Inc. Receives Purchase Order for $3.2 Million
July 14 2011 - 2:45AM
Marketwired
5BARz International Inc. (OTCBB: BARZ) (hereafter "5BARz" or the
"Company") is pleased to announce that the Company has received a
purchase order for delivery of 16,000 units of the 5BARz™ Road
Warrior, which represents the entire production for 2011. The
revenue generated from this sale will be US$3.2 million.
Mr. Edgar Quevedo, President and CEO of IQ Electronics in
Mexico, states: "We are very excited to be the first Company to
introduce the 5BARz™ Road Warrior into the Latin American
marketplace. A key factor for us in making our purchase decision
was the successful outcome of testing conducted by several major
cellular network operators in the region that analyzed the 5BARz™
Road Warrior performance in their labs. The results of the testing
process exceeded everyone's expectations. We are optimistic that
this purchase will represent the first of many purchase orders as
5BARz rolls out its product line for 2012."
Mr. Daniel Bland, President and CEO of 5BARz International Inc.,
further comments: "Our initial sales and marketing focus has been
the Latin American marketplace, as we have identified a significant
need for the 5BARz™ product in that region. The response has been
very positive from several distributors and major cellular network
carriers. We are very pleased to have IQ Electronics as our first
distribution partner, as we embark upon this significant step in
making the 5BARz products available globally."
About 5BARz International Inc.
5BARz International Inc. holds the exclusive global marketing
and distribution rights and holds a 50% ownership interest in the
technology underlying the 5BARz™ products. 5BARz™ is a cellular
network extender for use in the small office, home and mobile
market places. 5BARz™ incorporates a patent-pending technology to
create a highly engineered, single-piece, plug 'n play unit that
strengthens weak cellular signals to deliver high quality signals
for voice, data and video reception on cell phones and other
cellular equipped devices. 5BARz™ represents a key solution for
cellular network operators in providing clear, high quality signal
for their subscribers with a growing need for high quality
connectivity.
5BARz International Inc.'s shares are publicly traded on the
OTCBB under the ticker symbol BARZ in the US and on the Berlin
Stock Exchange (www.boerse-berlin.com) under symbol "O5B."
About IQ Electronics
IQ Electronics, is a leading electronics firm with 1,500
employees and operations in 7 countries, in Latin America. The
Company's head office in Mexico City, was founded in 2000, and has
developed a core expertise in remanufacturing and logistics for the
electronics industry, with a substantive number of major wireless
customers. The Company has expanded their business to include
retail distribution of cellular devices in the region, including
exclusive distribution agreements, with manufacturers of cellular
devices from China. www.iqelectronics.com.mx
On behalf of the Board of Directors "Mr. Daniel
Bland" CEO & Director 5BARz International Inc.
Legal Notice Regarding Forward-Looking
Statements
The information contained in this release consists of
forward-looking statements within the meaning of Section 27A of the
Securities Act and Section 21E of the Exchange Act. These
statements may involve risks and uncertainties that could cause
actual results to differ materially from those described in such
statements. Such forward -- looking statements involve known and
unknown risks and uncertainties, including all business
uncertainties relating to product development, marketing, market
acceptance, future capital requirements, and competition in general
that may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
The Company is under no obligation to (and expressly disclaims any
such obligation to) update or alter its forward -- looking
statements whether as a result of new information, future events or
otherwise.