EGIL Establishes Edge Foundation
March 13 2007 - 10:20AM
Business Wire
Edgetech International, Inc. (OTC:EGIL) establishes the Edge
Foundation as its non-profit charitable organization. The Edge
Foundation mission statement is �Bridging the Digital Divide to End
Illiteracy.� The Edge Foundation plans to work to offer low cost or
free DSL-type speed internet service to families who for various
reasons do not have access to the internet. Edgetech International
plans to donate a portion of the proceeds from sales of The Edge, a
unique, handheld, stand alone wireless unit with a built in modem
and full-screen display functioning at DSL-type speed. The Edge
Foundation has plans to work with several existing charitable
organizations to raise funds and identify recipients of the
service. The Edge Foundation is currently looking to its roster of
existing celebrities and athletes as flagship relationships to
utilize for Edge Foundation events. Edgetech Vice President, Keith
R. Jones, stated, �This is a great opportunity for Edgetech
International to establish C-Level relationships with corporations
to position our product for their applications; it also brings us
additional opportunities to add to our roster of custom branded
celebrity units.� Edgetech CEO, Lev Parnas, stated, �I have always
made charitable ventures a priority. This however is an opportunity
to change the world by providing access to the largest library of
information, the Internet. By providing access to the Internet we
can end break the cycle of poverty in the world by ending
illiteracy.� 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 severe 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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