2007 CTIA Wrap Up: Edgetech International Launches The PC Edge
March 30 2007 - 9:59AM
Business Wire
The third day of the 2007 CTIA Show Edgetech International, Inc.
(OTC:EGIL) announced the launch of The PC Edge. Edgetech
International plans to have thousands of these new designed units
by mid May. The PC Edge has a new design which includes several new
capabilities. The PC Edge has a new razor like keyboard, full
QWERTY keyboard, the exterior is backlight when power on, hyperlink
to remote PC access, hyperlink to web based desktop, hyperlink to
web based storage and a sleek slimmer size. The PC Edge is a
unique, handheld, stand alone wireless unit with a built-in modem
and full-screen display functioning at DSL-type speed. The show
attendees were impressed with the new look and are looking forward
to delivery of these new units. The PC Edge will be available for
purchase on the new web site, www.thepcedge.com, as well as at
1-866-439-EDGE (3343). According to Jaime Barbosa, Edgetech�s
Marketing Manger, �We are pleased with the new look of The PC Edge.
The additional capabilities differentiate The PC Edge from any
other device on the market.� Edgetech International CEO Lev Parnas
stated, �The PC Edge�s new design fits into our lifestyle marketing
approach. The new features enhance our position in the marketplace
and gives The PC Edge an advantage over our 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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