EGIL Edgetech International Inc (CE)

Edgetech International, Inc. (OTC:EGIL) is pleased to confirm that the Company�s payment obligations have been fulfilled with regard to the exclusive licensing rights, virtually worldwide, for several major vertical markets for The Edge, a unique, handheld, stand alone wireless unit with a built-in modem and full-screen display functioning at DSL-type speed. All payments in the sum of $400,000 have been made on time and in their entirety, solidifying EGIL�s ability to capitalize in the highly lucrative vertical markets of (i) fantasy sports and sports book; (ii) online poker; (iii) music, movies and television; and (iv) financial services markets. EGIL continues to receive shipments of Edge units from the manufacturer from our initial 5,000 unit order. As we build our subscriber base, Edgetech intends to take full advantage of these vertical markets by offering these value-added services for the utilization of The Edge as a massive content distribution vehicle. Content distribution is used for specific high-traffic events such as live Web broadcasts by continually dispersing content from the originating server to other servers via satellite links. In this manner, content delivery is more selective and dynamic than the simple copying or �mirror site� of a Web site to one or several geographically dispersed servers. EGIL is eagerly anticipating the upcoming arrival of an upgraded edition of The Edge loaded with special features. The enhanced version includes a back-lit keyboard, razor like keyboard, USB port, a sleek new design, a thinner design, and an exterior window for a clock. �Completing out required payment objectives for vertical market exclusivity is a significant milestone for our Company, our shareholders, and the future growth for a product operating at a high quality level,� commented Edgetech CEO, Lev Parnas. �Our vertical market capabilities open many doors for the Company�s revenue generating capabilities while enhancing the overall experience of using The Edge for our subscribers.� 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.