EGIL Strikes New Agreement for Full Distribution Exclusivity for 'The PC Edge' in the United States, Russia, the Ukraine, and Ja
December 12 2007 - 6:00AM
PR Newswire (US)
LAUDERDALE BY THE SEA, Fla., Dec. 12 /PRNewswire-FirstCall/ --
Edgetech International, Inc. (together with its wholly-owned
subsidiary), ("Edgetech" or the "Company") (OTC:EGIL) is proud to
announce that the Company has executed a new agreement with
Datawind that includes full exclusivity for "The PC Edge" in the
United States, Russia, the Ukraine, and Jamaica, subject to certain
delineated minimum unit sales and time period requirements for each
such territory. The move from five vertical markets to full
exclusivity enables Edgetech International to pursue additional
subscriber opportunities. The first new markets that Edgetech
International plans to penetrate are National and Regional Cellular
Carriers, Internet Service Providers, Cable Companies, National and
Regional Telecommunication Providers. "The PC Edge" is a unique,
handheld, stand alone wireless unit with a built in modem and
full-screen display providing High Speed Internet Access. Edgetech
Vice President of Sales, Keith R Jones, stated, "I look forward to
leveraging my over 20 years of sales experience in the
Telecommunications Industry to explore these new revenue
opportunities. " Edgetech CEO, Lev Parnas, stated, "This new
agreement re-positions Edgetech International as the premier
distributor of Mobile Computing Solutions. The sales and marketing
efforts of "The PC Edge" will now be presented to a potential
distribution channel with millions of subscribers." About the
Company: We are an authorized distributor of "The PC Edge". "The PC
Edge" is a robust, handheld wireless internet access device which
delivers High Speed Internet Access, displaying full content HTML,
web pages, graphics and java script. "The PC Edge" offers a full
desktop web experience, together with a larger functional keyboard
than competitive products. The Company's executive office facility
is located at 218 E. Commercial Blvd., Suite 208 I, Lauderdale by
the Sea, Florida 33308. Its telephone number is 954-772-7782 and
its website address is http://www.thepcedge.com/. Except for
historical information, the matters discussed in this press release
are "forward looking statements" within the meaning of 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 continued 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 territorial 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. DATASOURCE: Edgetech International, Inc.
CONTACT: Gabriel Goldfine of Southeastern Financial Holdings LLC,
+1-786-629-0334; Keith R. Jones, Vice President of Sales of
Edgetech International, Inc., +1-954-772-7782 Web site:
http://www.thepcedge.com/
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