2007 Consumer Electronics Show 1st Day Highlights: Edge Unit Wins ``SpeedChallenge'', EGIL Interviewed By Local ABC News Affilia
January 09 2007 - 9:43AM
Business Wire
The opening day of the 2007 Consumer Electronics Show (CES) was an
exciting one for Edgetech International, Inc. (OTC:EGIL). While
displaying and demonstrating The Edge by Edgetech for a steady
crowd into the tens of thousands, an open "SpeedChallenge" was held
by management at EGIL's Booth# 12840 located in the Las Vegas
Convention Center, in between Samsung and Sony. The EGIL
SpeedChallenge offered anyone with a wireless, handheld PDA or
Pocket PC to test the speed of their unit against The Edge, a
unique, handheld, stand alone wireless unit with a built-in modem
and full-screen display functioning at DSL-type speed. According to
Keith Jones, Edgetech's Vice President and Executive Associate to
the CEO, "If anyone visiting our 1,000 square foot booth could beat
the speed of The Edge for performing Internet functions and
accessing Web pages with their PDA, we would give them a free Edge
unit. Consequently, I'm very pleased to report, not a single Edge
unit was given away as it simply could not be beaten." EGIL also
made television headlines, as Keith Jones was interviewed by the
local ABC Las Vegas affiliate, KTNV, by Channel 13 Action News
reporter, Melissa McCarty. The interview was aired during the 5, 6,
and 11-o'clock news broadcast during a segment about the CES with
Edgetech and Verizon featured as the main companies in the story.
This footage will be available on EGIL's official corporate site,
www.edgetechpc.com, at the earliest possible opportunity after our
return from the CES. "We are making solid connections throughout
the industry while enjoying all the exposure and publicity that
goes along with our participation in the world's largest annual
consumer technology show," commented Edgetech CEO, Lev Parnas. "Our
stellar product and wireless technology has generated not only a
great deal of excitement but has also created some very promising
opportunities for growth and advancement." 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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