[May 04, 2006] Wi-Tron, Inc. Provides Update on Recent Business Developments Tweet RARITAN, N.J. --(Business Wire)-- May 4, 2006 -- Wi-Tron, Inc. (OTCBB:WTRO.OB), a manufacturer of ultra-linear high power amplifiers, today announced shipment of their newly developed ultra-linear 3G multi-channeled broadband amplifier, Company growth plans, and retention of Segue Ventures LLC as its corporate communications company. In January, Wi-Tron announced it had received orders for its Wideband Code Division Multiple Access (W-CDMA) and GSM1800 Multi-Channel, Ultra Linear amplifiers to an undisclosed Asian vendor. In accordance with that purchase, Wi-Tron has begun shipping its Multi-Channel 80W W-CDMA 2100 MHz unit. Wi-Tron Chairman, Mr. John Chase Lee commented, "We look forward to the successful integration of these W-CDMA products into our customer's system. The Wi-Tron team sees this development as just the first step towards greater demand for our technology leading products." The Company also announced it is preparing several strategic business initiatives in the areas of marketing, executive management, and R&D. Mr. Lee stated, "We are taking the steps necessary towards becoming a market leader in the high-efficiency, multi-channel amplifier market. We are ramping up our international business operations and sales, and negotiating with internationally recognized executives to become part of the Wi-Tron team. I hope to make additional announcements in both of these areas later this month." Wi-Tron also took steps to build shareholder value and assist with strategic planning by retaining Segue Ventures LLC. Mr. Lee noted, "Segue's deep planning experience and IR savvy are already having a positive effect on our business. We expect to see synergy between our business growth and stock valuations. As we continue to successfully execute our new business plans we believe Wi-Tron will continue to build shareholder value and Segue will articulate that value to the investment community." Segue President, Craig Bird stated, "We are very excited at Segue joining the Wi-Tron team; John Lee's reorganization efforts are truly amazing and I am confident Wi-Tron will become a market leader very soon." Disclosure: Craig Bird receives restricted stock as part of the compensation package for Segue Ventures. Mr. Bird also purchased 2 million shares of restricted stock for $335,000.00. About the W-CDMA and GSM1800 Multi-Channel Ultra Linear Amplifier Market W-CDMA is a leading third generation wireless technology that is also known by its standard specification name, UMTS. As a technology, W-CDMA is in the early growth stage compared to GSM (Global System for Mobile telecommunications) where W-CDMA has its roots. According to the industry association, UMTS Forum (www.umts-forum.org), there are now more than 100 W-CDMA networks operating commercially in 42 countries worldwide, with over 50M subscribers. GSM1800 is a version of GSM for use in the 1800 MHz frequencies and is widely deployed by operators around the world. The demand for multiple-carrier, ultra-linear amplifiers allows wireless operators to reduce capex and opex as they migrate to amplifiers that can support higher numbers of RF channels in a single multi-channel amplifier. About Wi-Tron Inc. Wi-Tron, Inc. designs, manufactures and sells ultra-linear single and multi-channel high power amplifiers to the worldwide wireless telecommunications market. Single and multi-carrier linear power amplifiers are critical components for all wireless system base stations. Amplifiers increase the power of radio frequency and microwave signals with low distortion. Wi-Tron's products are designed and marketed for a wide range of applications across many frequencies, including second and third generation wireless, X-band, and local loop segments of the wireless telecommunications industry. Information in this press release may be forward-looking. Forward-looking statements may differ materially from actual results due to known and unknown risks, uncertainties and other factors. In addition to statements which explicitly describe these risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates" or "plans" to be uncertain and forward-looking. Forward-looking statements represent Wi-Tron's judgment as of the date of this release. Actual results depend on Wi-Tron's ability to, among other things, generate revenue, reduce operating losses, and successfully develop and market its products to Asian and other markets. These and other risks and uncertainties are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission. For additional product information, visit our website at www.Wi-Tron.com. To receive press releases, investor newsletters and corporate updates, please email your request to: [email protected]. [ Back To TMCnet.com's Homepage ]