EGIL Completes Office Relocation, Gears Up For Increased Activity In January
December 05 2006 - 11:12AM
Business Wire
In an effort to continually provide updates on our corporate growth
and expansion, Edgetech International, Inc. (OTC:EGIL) is pleased
to announce that the set-up and move-in to our larger,
state-of-the-art facility has been completed. Additional personnel
has been added as of December 4th to assist with the handling of
customer service relevant to product orders. EGIL has indicated
that yesterday was the official product sales launch date for The
Edge by Edgetech, a sleek, handheld, stand alone wireless unit with
a built-in modem and full-screen display functioning at DSL-type
speed. As previously reported, all available Edge units, in
addition to all units expected to arrive throughout December were
100% completely sold out in advance of this date. EGIL is presently
in the final negotiation phase with a well established company to
facilitate complete supply chain management solutions in
expectation of a continuous increase in customer orders, and the
arrival of a significant amount of Edge units from the
manufacturer. Their services would include an expanded call center,
supply chain expertise, flexible fulfillment options, and global
locations in order to more efficiently bring products to a
worldwide market. This group presently fulfills distribution and
handles delivery of product orders, retail merchandise, and
in-store displays, in addition to product assembly for Microsoft,
Dell, and H&R Block. �Adding this type of entity is a vital
part of our growth curve as we intend to utilize their support on
the expected flow of thousands of Edge units in January,� commented
Edgetech CEO, Lev Parnas. �We expect to finalize these negotiations
during the month in order to achieve maximum success for our
operations in 2007.� 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. In an effort to continually provide updates on
our corporate growth and expansion, Edgetech International, Inc.
(OTC:EGIL) is pleased to announce that the set-up and move-in to
our larger, state-of-the-art facility has been completed.
Additional personnel has been added as of December 4th to assist
with the handling of customer service relevant to product orders.
EGIL has indicated that yesterday was the official product sales
launch date for The Edge by Edgetech, a sleek, handheld, stand
alone wireless unit with a built-in modem and full-screen display
functioning at DSL-type speed. As previously reported, all
available Edge units, in addition to all units expected to arrive
throughout December were 100% completely sold out in advance of
this date. EGIL is presently in the final negotiation phase with a
well established company to facilitate complete supply chain
management solutions in expectation of a continuous increase in
customer orders, and the arrival of a significant amount of Edge
units from the manufacturer. Their services would include an
expanded call center, supply chain expertise, flexible fulfillment
options, and global locations in order to more efficiently bring
products to a worldwide market. This group presently fulfills
distribution and handles delivery of product orders, retail
merchandise, and in-store displays, in addition to product assembly
for Microsoft, Dell, and H&R Block. "Adding this type of entity
is a vital part of our growth curve as we intend to utilize their
support on the expected flow of thousands of Edge units in
January," commented Edgetech CEO, Lev Parnas. "We expect to
finalize these negotiations during the month in order to achieve
maximum success for our operations in 2007." 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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