EGIL Edgetech International Inc (CE)

Edgetech International, Inc. (OTC:EGIL) is acting swiftly on the heels of yesterday�s announcement revealing the Company�s launch of specialized independent film distribution utilizing The Edge wireless Internet device, by teaming up with Charles Malik Whitfield to guide the development of this project. Whitfield is an industry veteran with a proven track record, a wide range of experience and versatility in his various roles, and first-hand knowledge of all aspects of the independent film industry. In this role with Edgetech, Whitfield is ideally suited to prepare for the emergence of The Edge at the upcoming Sundance Film Festival to be held January 18th through the 28th, 2007 in Park City, Utah. Whitfield has amassed substantial television and cinema credits over the past 12 years with starring roles in dozens of movies, television series, and specials. Some of his credits include: New York Undercover, Touched by an Angel, Law and Order, The Temptations, Behind Enemy Lines, and The Guardian. Charles Malik Whitfield brings extensive involvement in all phases of independent film creation, including acting in, producing, and directing several independent films and documentaries, with his most recent project being a completed documentary on South Africa. Independent films have become a trend-setting phenomenon for the entertainment industry. Even the biggest stars are jumping on the bandwagon by funding, sponsoring, and backing a wide assortment of �Indie� projects. For example, in conjunction with Miramax Films & Television, Matt Damon, Ben Affleck, and Chris Moore, all co-founders of LivePlanet, sponsor Project Greenlight, a screenwriting contest in which the winner is guaranteed a movie deal. Miramax provides a million dollar production budget and will release the film, while Damon, Affleck, and Moore will act as executive producers. Meanwhile, HBO films the production for a documentary to be aired on their network. This illustrates the evolution of independent film creation and distribution from avant-garde to mainstream pop culture. Aside from the obvious benefits associated with bringing Charles Malik Whitfield on board, he also becomes the latest celebrity to partner with EGIL on a co-branded, signed and numbered, limited edition version of The Edge. �I know that I speak for all of us at Edgetech in welcoming Charles Malik Whitfield to our expanding pool of talented celebrities,� commented Edgetech CEO, Lev Parnas. �We intend to fully draw from his knowledge and experiences as EGIL shapes its distribution strategy to pioneer the specialization of independent film distribution through The Edge.� 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 acting swiftly on the heels of yesterday's announcement revealing the Company's launch of specialized independent film distribution utilizing The Edge wireless Internet device, by teaming up with Charles Malik Whitfield to guide the development of this project. Whitfield is an industry veteran with a proven track record, a wide range of experience and versatility in his various roles, and first-hand knowledge of all aspects of the independent film industry. In this role with Edgetech, Whitfield is ideally suited to prepare for the emergence of The Edge at the upcoming Sundance Film Festival to be held January 18th through the 28th, 2007 in Park City, Utah. Whitfield has amassed substantial television and cinema credits over the past 12 years with starring roles in dozens of movies, television series, and specials. Some of his credits include: New York Undercover, Touched by an Angel, Law and Order, The Temptations, Behind Enemy Lines, and The Guardian. Charles Malik Whitfield brings extensive involvement in all phases of independent film creation, including acting in, producing, and directing several independent films and documentaries, with his most recent project being a completed documentary on South Africa. Independent films have become a trend-setting phenomenon for the entertainment industry. Even the biggest stars are jumping on the bandwagon by funding, sponsoring, and backing a wide assortment of "Indie" projects. For example, in conjunction with Miramax Films & Television, Matt Damon, Ben Affleck, and Chris Moore, all co-founders of LivePlanet, sponsor Project Greenlight, a screenwriting contest in which the winner is guaranteed a movie deal. Miramax provides a million dollar production budget and will release the film, while Damon, Affleck, and Moore will act as executive producers. Meanwhile, HBO films the production for a documentary to be aired on their network. This illustrates the evolution of independent film creation and distribution from avant-garde to mainstream pop culture. Aside from the obvious benefits associated with bringing Charles Malik Whitfield on board, he also becomes the latest celebrity to partner with EGIL on a co-branded, signed and numbered, limited edition version of The Edge. "I know that I speak for all of us at Edgetech in welcoming Charles Malik Whitfield to our expanding pool of talented celebrities," commented Edgetech CEO, Lev Parnas. "We intend to fully draw from his knowledge and experiences as EGIL shapes its distribution strategy to pioneer the specialization of independent film distribution through The Edge." 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.