MISSION VIEJO, Calif.,
Nov. 7, 2011 /PRNewswire/ -- 5BARz
International Inc. (OTCBB: BARZ), (Berlin Stock Exchange: O5B),
(hereafter "5BARz" or the "Company") is pleased to announce that
5BARz AG, a subsidiary of 5BARz, based in Zurich, Switzerland has engaged BDC Investment
AG, an independent investment company, based in Zurich, Switzerland, to raise up to US
7 million dollars, on a best efforts
basis. In addition BDC Investment AG will provide 5BARz AG
with financial consulting and the dissemination of corporate
financial information to shareholders.
5BARz AG has entered into a Marketing and Distribution Agreement
with 5BARz for the exclusive sales and distribution rights of 5BARz
products in Germany, Austria and Switzerland.
Mr. Daniel Bland, the CEO of
5BARz International Inc. states that "We are pleased to be
collaborating with BDC Investment AG at this stage of our
development."
Mr. Juerg Burkhardt, CEO of BDC
Investment AG stated that "We are very impressed with the 5BARz
product and the distinct advantages of their patented cellular
booster technology. Further, we believe there will be a
significant need for their product in the 5BARz AG licensed
territory as the cellular industry continues to focus on data
transmission over their networks. We are excited in offering
this investment opportunity in 5BARz AG to the European investors
we have worked with in the past."
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.
About BDC-Investment AG
BDC Investment AG is a regulated financial intermediary based in
Zurich, Switzerland. BDC
specializes in raising capital for exceptional companies through
venture capital and new issue share placements with its
investors.
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".
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.
CONTACT:
Parkside Communications Inc.
Phone: 1-877-798-4165
IR@5BARz.com
www.5barz.com
www.bdc-investments.ch
SOURCE 5BARz International Inc.