2007 CTIA Show 1st Day Highlights: Edge Unit Wins ''SpeedChallenge'' Again, EGIL Hosts Executive Event to Introduce The Edge
March 28 2007 - 11:53AM
Business Wire
The opening day of the 2007 CTIA Show 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 # 1409 located in Central Hall of the Orange County
Convention center with all the major players in the wireless
Industry. 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, �This is the most effective way to
present the product. Once people are impressed with the speed of
our device then we have an opportunity to present the full value
proposition. Once again if anyone visiting our 600 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.� Edgetech International CEO, Lev Parnas stated, �We have
excelled at our first CTIA Show. This is the premier event in the
Wireless Industry and now we have made a name for ourselves among
our counterparts and competitors.� 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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