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Vinoble Moves to Acquire RFID Middleware TechnologyMALIBU, Calif. --(Business Wire)-- May 20, 2005 -- Vinoble, Inc. (OTCBB: VNBL), a holding company seeking to identify long-term growth opportunities in the areas of homeland security, security information systems, and other security services, is pleased to announce that as it continues in its efforts to reach definitive agreements on the acquisition of assets, businesses, and strategic partners in the RFID and GPS tracking sector, Vinoble has further engaged with several additional businesses and individuals for the purpose of acquiring technology, software, and patents. Following the move to acquire RFID (Radio Frequency Identification) technology, hardware and patents for the sole purpose of specific use applications, the Company has concluded that the need for application support software or middleware is part of the fundamental component of the framework which operates such technology. The Company has identified several sources for both licensing and the acquisition of such software, and has begun to pursue discussions to access this important element. Middleware is used primarily to link disparate applications, both internally and externally, to the enterprise. This typically involves routing data using different transport protocols, translating data into different formats and providing a suitable means of integration such as Web services and service-oriented architectures. Since RFID is an integral part in the tracking of both mobile and non-mobile assets, user-friendly and efficient management software enabling customers to manage RFID data both incoming and out-bound is important in maintaining customer loyalty and reduces costs associated with customer service. Management software will allow for real time visibility of assets or product inventory, whether in transit, in a warehouse, at the manufacturing plant, or on a store shelf. Visibility and accuracy will enable customers to reduce handling costs, gain instant access to shipment information and increase inventory flow throughout the supply chain. The ability to manage data collection from a number of different RFID and GPS devices is essential for proper efficiency of the system. The Company believes that such acquisition of middleware technology will be essential and will further position Vinoble in the vastly growing RFID and GPS tracking industry. The Company's goal is to provide critical security services at a cost manageable to even the smallest of businesses that can't afford to do without the safety of their personnel and assets in this current state of constant threat. Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan", "confident that", "believe", "scheduled", "expect", or "intend to", and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. The closing of the transaction will be subject to complete due diligence, inspections, and completion of audited financial statements in accordance to GAAP as required by the SEC prior to consummation. |
