EGIL Expansion Targets Russia
December 07 2006 - 11:30AM
Business Wire
Edgetech International, Inc. (OTC:EGIL) has entered final
discussions with major distributors and retail chains servicing the
wireless telecommunications industry to prepare for a massive
product launch for The Edge in Russia, aimed to commence in January
2007. EGIL management has maintained extensive discussions
throughout the majority of the year, and in the process has
assembled a network of valuable contacts that are the most suited
for this launch to deliver the optimum impact with regard to
widespread sales and exposure. The Edge, by Edgetech, is a
revolutionary, sleek, handheld wireless Web access device that has
redefined ultra-mobile wireless Internet. Through our research and
discussions, it has become apparent that advanced European 3G
cellular technologies will enhance the performance and
functionality of The Edge. This and other proprietary advantages,
combined with the Edge�s built-in modem and full-screen display
functioning at DSL-type speed, leads us to conclude that The Edge
can achieve cultural mainstay status with blanket industry
penetration. 3G (third-generation) technology is used in the
context of mobile phone standards. The services associated with 3G
provide the ability to transfer simultaneously both voice data and
non-voice data, such as downloading music and video content,
exchanging email, and instant messaging. The evolution to 3G
technologies, as integrated within the operation of The Edge, has
enabled network operators to offer users a wider range of more
advance services, while achieving greater network capacity through
improved amounts of information that can be transmitted over a
given bandwidth in a specific digital communication system,
referred to as spectral efficiency. The Edge is the ideal device to
spread the efficiency of handheld wireless internet to Russia, a
leading seller of handheld wireless products on a worldwide scale.
For instance, 13.51 million mobile phones were purchased for $2.59
Billion in Russia in the first half of 2006, according to a report
by Euroset, Russia's biggest mobile phone retailer. This
underscores the importance of capitalizing on the strong channels
we have developed who share our vision that The Edge can build deep
consumer interest feeding off of the technological prosperity
throughout the geographic landscape. Edgetech CEO Lev Parnas
stated, �As we begin to broaden our reach, our continued partnering
on an international level will carry Edgetech to increasing levels
of consumer awareness and corporate growth for our shareholders.
The brilliance of The Edge is defined by its functionality,
efficiency, and convenience as the first truly mobile solution for
interactive wireless web access virtually anywhere in the world.�
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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