EGIL Reveals Strategy For Groundbreaking Utilization Of ``The Edge'' As Leading Independent Film Distribution Channel
November 16 2006 - 7:57AM
Business Wire
Edgetech International, Inc. (OTC:EGIL) is announcing plans to
launch the specialized distribution of independent film content
through The Edge, the world's first ultra-mobile handheld computer
with a built-in modem operating at DSL type-speed. The ability of
The Edge to reshape wireless Internet can be compared to the impact
felt by the entertainment industry from independent films,
especially over the last few years, where A-rated actors and
celebrities are appearing in front of and behind the cameras in
greater numbers than ever before. The showing of �Indie Film�
collections or offerings have not only experienced a tremendous
jump in popularity, but have also become trendy, press-worthy
events. EGIL�s first major push of The Edge into the consumer
market will coincide with the Company�s planned participation in
the Sundance Film Festival, to be held January 18th through the
28th, 2007 in Park City, Utah. This annual event is held in Park
City each January and is considered the premier U.S. showcase for
American and international independent films. The Sundance
Institute, founded in 1981 by Robert Redford, is a nonprofit
organization dedicated year-round to the development of artists of
independent vision and to the exhibition of their new work.
�Leveraging a content distribution channel utilizing our high-speed
wireless technology will allow The Edge to evolve as an
internationally recognized resource for thousands of independent
artists, filmmakers, screenwriters, and composers,� commented
Edgetech CEO, Lev Parnas. �We�re just beginning to see the full
range of capabilities that apply to The Edge as a powerful media
tool, and our vision for independent film distribution is better
positioned with breakthrough applications that are the blueprints
for the future.� About the Company: We are an authorized
distributor of �The Edge.� �The Edge� is a robust, handheld
wireless internet access device which delivers the internet at DSL
like speed, displaying full content HTML, web pages, graphics and
java script. �The Edge� 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, generally, 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. The Company also maintains a
West Coast operations office facility at 9701 Wilshire Boulevard,
10th floor, Beverly Hills, California 90212. Its telephone number
is 310-860-6150. 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. Edgetech International, Inc. (OTC:EGIL) is
announcing plans to launch the specialized distribution of
independent film content through The Edge, the world's first
ultra-mobile handheld computer with a built-in modem operating at
DSL type-speed. The ability of The Edge to reshape wireless
Internet can be compared to the impact felt by the entertainment
industry from independent films, especially over the last few
years, where A-rated actors and celebrities are appearing in front
of and behind the cameras in greater numbers than ever before. The
showing of "Indie Film" collections or offerings have not only
experienced a tremendous jump in popularity, but have also become
trendy, press-worthy events. EGIL's first major push of The Edge
into the consumer market will coincide with the Company's planned
participation in the Sundance Film Festival, to be held January
18th through the 28th, 2007 in Park City, Utah. This annual event
is held in Park City each January and is considered the premier
U.S. showcase for American and international independent films. The
Sundance Institute, founded in 1981 by Robert Redford, is a
nonprofit organization dedicated year-round to the development of
artists of independent vision and to the exhibition of their new
work. "Leveraging a content distribution channel utilizing our
high-speed wireless technology will allow The Edge to evolve as an
internationally recognized resource for thousands of independent
artists, filmmakers, screenwriters, and composers," commented
Edgetech CEO, Lev Parnas. "We're just beginning to see the full
range of capabilities that apply to The Edge as a powerful media
tool, and our vision for independent film distribution is better
positioned with breakthrough applications that are the blueprints
for the future." About the Company: We are an authorized
distributor of 'The Edge.' 'The Edge' is a robust, handheld
wireless internet access device which delivers the internet at DSL
like speed, displaying full content HTML, web pages, graphics and
java script. 'The Edge' 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, generally, 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. The Company also maintains a
West Coast operations office facility at 9701 Wilshire Boulevard,
10th floor, Beverly Hills, California 90212. Its telephone number
is 310-860-6150. 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.
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