EGIL Sales Update: All Holiday Inventory Completely Sold Out
December 01 2006 - 8:18AM
Business Wire
Edgetech International, Inc. (OTC:EGIL) is extremely pleased to
announce all available Edge units, in addition to all units
expected to arrive throughout December are 100% completely sold in
advance of our official sales launch on Monday, December 4th. We
will continue to accept pre-orders along with a deposit requirement
on a first come, first served basis due to overwhelming demand.
Contact is being maintained daily with the manufacturer to expedite
product delivery due to our emergency requests for additional Edge
units on a rush basis. The Edge is a unique, handheld,
next-generation wireless technology device with a built-in modem
and full-screen display functioning at DSL-type speed. Although our
official sales launch will occur next week, the fact remains that
we are inundated with orders via phone, e-mail, and from in-person
meetings on a corporate level every single day. December 4th, at
this point, is now scheduled to be the first day we will be
shipping units to our inaugural subscriber base. We will continue
to receive additional shipments from the manufacturer on a weekly
basis, but all those units are completely pre-sold. We have
thousands of customers who are going to be very pleased through
December and into January. However, we are pressing the
manufacturer immediately to rush the delivery of additional Edge
units in an attempt to satisfy the growing backlog of pre-orders.
Customer service personnel are available to accept pre-orders. We
encourage those interested in riding the wave of revolutionary
Internet technology to contact Edgetech at 866-439-EDGE (3343) to
reserve your unit with an expected delivery date in January 2007.
Statement by Edgetech International CEO, Lev Parnas �There is a
heightened sense of excitement around our offices based on our
present status. To some extent it reminds us of the excitement we
felt during our launch of The Edge at the MTV Video Music Awards
just a few months ago, with hundreds of excited A-list celebrities
crowding our MTV Style Villa. We knew we were on the verge of
something special as some of the most famous people in the world
gushed with praise and compliments while lining up to use The Edge
to check e-mail, obtain stock quotes, perform a variety of internet
searches, and race through the Web at lightning speed while surfing
favorite sites. Our sell-out for December ensures sales figures on
the books for the current quarter. We see EGIL heading into 2007
with a full head of steam on the heels of an expanded product line.
Our focus is to achieve record sales for each successive month,
bring additional celebrities and athletes on board for co-branded
units, and begin to make an impact on increasing EGIL�s
international presence.� 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 233 S. Federal Hwy., Suite 106, Boca Raton, Florida
33432. 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
extremely pleased to announce all available Edge units, in addition
to all units expected to arrive throughout December are 100%
completely sold in advance of our official sales launch on Monday,
December 4th. We will continue to accept pre-orders along with a
deposit requirement on a first come, first served basis due to
overwhelming demand. Contact is being maintained daily with the
manufacturer to expedite product delivery due to our emergency
requests for additional Edge units on a rush basis. The Edge is a
unique, handheld, next-generation wireless technology device with a
built-in modem and full-screen display functioning at DSL-type
speed. Although our official sales launch will occur next week, the
fact remains that we are inundated with orders via phone, e-mail,
and from in-person meetings on a corporate level every single day.
December 4th, at this point, is now scheduled to be the first day
we will be shipping units to our inaugural subscriber base. We will
continue to receive additional shipments from the manufacturer on a
weekly basis, but all those units are completely pre-sold. We have
thousands of customers who are going to be very pleased through
December and into January. However, we are pressing the
manufacturer immediately to rush the delivery of additional Edge
units in an attempt to satisfy the growing backlog of pre-orders.
Customer service personnel are available to accept pre-orders. We
encourage those interested in riding the wave of revolutionary
Internet technology to contact Edgetech at 866-439-EDGE (3343) to
reserve your unit with an expected delivery date in January 2007.
Statement by Edgetech International CEO, Lev Parnas "There is a
heightened sense of excitement around our offices based on our
present status. To some extent it reminds us of the excitement we
felt during our launch of The Edge at the MTV Video Music Awards
just a few months ago, with hundreds of excited A-list celebrities
crowding our MTV Style Villa. We knew we were on the verge of
something special as some of the most famous people in the world
gushed with praise and compliments while lining up to use The Edge
to check e-mail, obtain stock quotes, perform a variety of internet
searches, and race through the Web at lightning speed while surfing
favorite sites. Our sell-out for December ensures sales figures on
the books for the current quarter. We see EGIL heading into 2007
with a full head of steam on the heels of an expanded product line.
Our focus is to achieve record sales for each successive month,
bring additional celebrities and athletes on board for co-branded
units, and begin to make an impact on increasing EGIL's
international presence." 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 233 S. Federal Hwy., Suite 106, Boca Raton, Florida
33432. 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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