EGIL Edgetech International Inc (CE)

Edgetech International, Inc. (the "Company", "we", "us", or "our") (OTCBB: EGIL), announced today that it has entered into an agreement with HollyRod Ventures, Inc. to co-brand a Rodney Peete PocketSurfer unit. Rodney Peete, a nationally recognized celebrity and sports star, was formerly the Quarterback of the Carolina Panthers NFL football team from 2002 through 2004. Peete started his Quarterbacking career in the NFL in 1989 with the Detroit Lions where he played through the 1993 season. He also quarterbacked four other NFL teams prior to joining the Panthers where, in his first season, he established single season career highs for starts, pass attempts, completions passing yards and touchdown passes. Currently, Peete is the host of the Best Damn Sports Show Period, which airs nationally on Fox Sports Net. Peete and his wife, television actress Holly Robinson Peete, are the co-founders of the HollyRod Foundation, a charitable organization, which seeks to provide financial, physical and emotional support to Parkinson's disease patients and their families. For Holly and Rodney, forming the HollyRod Foundation was truly a personal labor of love. Holly's father, Matthew T. Robinson, Jr. was stricken with Parkinson's disease in 1982 at the young age of 42 and ultimately succumbed to complications from the disease in August 2002. Their close to ten year history has resulted in over $2,000,000 raised for this cause. Said Peete, "HollyRod Ventures has always tried to be on the cusp of new branding opportunities so we can raise awareness for the foundation and Parkinson's Disease. Joining with Edgetech International affords us the opportunity to support a revolutionary product as well as allow my friends and fans to purchase a product that is innovative and necessary for people, like myself, who are always on the move." "We are thrilled to have Rodney and his company join our team," said Lev Parnas, the Company's Chief Executive Officer and President. "Rodney is a deservedly well recognized and respected celebrity and sport star who we believe will clearly bring real star power to our organization. We look forward to working with HollyRod Ventures to expeditiously develop a co-branded unit that Rodney will be proud to be associated with and his fans will be excited to own. We also look forward to developing other projects with Rodney, including exploring ways that we may assist his and his wife's foundation with its wonderful efforts in support of Parkinson's patients and their families." About the Company: We are an authorized distributor of the PocketSurfer. The PocketSurfer is a robust, handheld wireless internet access device which delivers the internet in approximately 5 to 7 seconds per page and displays full content HTML, web pages, graphics and java script. The PocketSurfer offers a full desktop web experience, together with a larger functional keyboard than competitive products. Our distribution rights to such product are subject to a long-term marketing, sales and distribution agreement between a Company subsidiary and the licensor of such product, pursuant to which we have been granted such rights in several exclusive vertical markets, virtually worldwide, including: (i) fantasy sports and sports book; (ii) online poker; (iii) music, movies and television; and (iv) financial services markets. Ongoing exclusivity for such markets is subject to the payment to the licensor of certain fees, including delineated monthly service fees per subscriber, and meeting delineated minimal annual subscriber thresholds. The Company's executive office facility is located at 950 North Federal Highway, Suite 302, Pompano Beach, Florida 33062. Its telephone number is 866-439-EDGE (3343) and its website address is www.edgetechpc.com. Except for historical information, the matters discussed in this press release are "forward looking statements" within the meaning of and which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties that could cause actual results to be materially different from historical results or from any results expressed or implied by such forward looking statements. Any forward looking statements speak only as of the date on which such statement is made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward looking statements, whether as result of new information, future events or otherwise. Factors that could cause such results to differ materially from the results discussed in such forward looking statements include, without limitation: uncertain continued ability to meet our operational needs in view of ongoing working capital constraints; need for substantial additional capital to fully implement our plan of operations; no assurances of and uncertainty of profitability, no assurances of the Company's ability to effect sufficient product sales so as to maintain exclusivity in certain vertical markets, the result of which could materially adversely effect the Company's results of operations; need for additional management, sales and marketing personnel, which is contingent upon our receipt of additional capital; competition from companies having substantially great financial, marketing and other resources than the Company, including name and brand recognition; the impact of competitive services and pricing; changing consumer tastes and trends; and the legal, auditing and administrative cost of compliance associated with the Sarbanes Oxley Act. Many of such risk factors are beyond the Company's control. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business of the Company or the extent to which any factor, or combination of factors may cause actual results to differ materially from those contained in any forward looking statements. In light of these risks and uncertainties, there can be no assurance that the results anticipated in these forward looking statements will in fact occur. The Company undertakes no obligation to update any such forward looking statements.