EGIL Edgetech International Inc (CE)

Edgetech International, Inc. (OTC:EGIL) is confirming the signing of a consulting agreement with Lou Pearlman, creator and developer behind pop successes such as the Backstreet Boys and *N Sync, to unite his Trans Continental (www.t-con.com) group of companies with our revolutionary Edge Internet device. The Edge by Edgetech is a sleek, handheld, stand alone wireless unit with a built-in modem and full-screen display functioning at DSL-type speed. This partnership agreement encompasses a diversified collection of Pearlman�s holdings and is enriched by his talents that consistently place him in the headlines as an industry mover and shaker - a highly respected, key business figure wielding influence and importance. Lou Pearlman�s Trans Continental empire consists of: Trans Continental Studios (www.transconstudios.com) is a state-of-the-art recording facility. This sprawling complex in Orlando, which figures to play a prominent role in the further development of joint projects with Edgetech, has been utilized for recording by many big names in the music industry including: Alicia Keys, Creed, R. Kelly, Jordan Knight, Art Garfunkel, Eminem, O-Town, Dr. Dre, Hank Williams Jr., Little Richard, Steven van Zandt, Britney Spears, John Paul Jones, Lil' Kim, Limp Bizkit, Mandy Moore, Pink, Queen Latifah, Ray Charles, Seven Mary Three, Stabbing Westward, and Tyrese. Trans Continental Records focuses on discovering and developing recording artists. Trans Continental Publishing represents and assists songwriters in the publishing and licensing of their copyrighted songs and material. Trans Continental Management provides artist representation and management services. Trans Continental Travel is a full service travel agency for personal and corporate travel and entertainment. Trans Continental Productions develops motion picture and television concepts. Trans Continental Airlines specializes in aircraft charter/leasing services. In addition to crafting a multibillion dollar global empire, Lou Pearlman is also the noted author of �Bands, Brands, and Billions�, the exclusive owner of Church Street Station in downtown Orlando, and the owner of the extraordinary Pearl Steakhouse. Rounding out Lou Pearlman�s vast enterprise is his ownership of NYPD Pizza Parlor with 50 locations, now gearing up for global expansion, in addition to owning Rocks Fine Jewelry Stores who will be leveraging their worldwide distribution channel to introduce a customized Edge Diamond Edition. Trans Continental companies and EGIL have implemented plans for a series of strategic and innovative alliances including the co-branding of Edge units for all existing and future acts with Trans Continental Records to capitalize on their long term bankable track record. The primary goal of this partnership is to leverage The Edge with each and every organization in Lou Pearlman�s empire based on EGIL�s ability to add customized features and unique branding. Each distinctly branded Edge unit will undergo customization to meet specific industry requirements, while integrating the technology within the appropriate application guidelines. �The pairing of my Trans Continental conglomerate with the powerful technology of The Edge will allow this union to achieve the strongest level of success throughout Edgetech�s ascent into the global wireless market,� stated Trans Continental founder and President, Lou Pearlman. �I look forward to leveraging this groundbreaking technology throughout all of my businesses. Edgetech's ability to incorporate custom features into a branded unit will allow us to develop applications for my Music, Airline, and Financial operations, while enhancing the market position of each organization.� �After working with Lou Pearlman for several months, it has become apparent that he is an ingenious entertainment mogul known for thinking in terms of hundreds of millions when evaluating his level of involvement in any given project,� commented Edgetech CEO, Lev Parnas. �Lou�s business savvy, valuable contacts, and entrepreneurial vision clearly define the magnitude of this alliance as a gateway to success over a broad front. Trans Continental�s significant presence in many industries is the catalyst for knocking down barriers and fortifying connections on our path to achieving corporate milestones.� 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.