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AirTouch Communications Is Named "Stock of the Year 2012" by the KonLin Letter
NEWPORT BEACH, CA, Jan 19, 2012 (MARKETWIRE via COMTEX) --
AirTouch Communications, Inc. (OTCBB: ATCH) (www.airtouchinc.com),
which designs and markets wireless telecommunications devices, today
announced that it has been named "Stock of the Year 2012" by the
KonLin Letter investment report. A copy of the "Stock of the Year"
article is available by calling 1-631-744-8536.
In the report, KonLin publisher Konrad Kuhn noted that AirTouch has
positioned itself to respond to the surging, worldwide demand for
wireless communications and wireless substitution for landlines in
the U.S. and internationally.
AirTouch develops and markets patented telecommunication devices
capable of converging voice, data, video, security, entertainment and
other advanced communication services from various service providers
on one piece of hardware over the cellular network. The company has
seven U.S. patents (three approved and four pending) for its unique
combination of cordless telephone technology and wireless signal
amplification, which enables consumers and businesses to access
voice, data and other applications and services over the cellular
wireless network in areas that might challenge a typical mobile
cellular phone.
The AirTouch X1500 HomeConneX wireless phone is certified to be used
on Verizon Wireless 3G networks, Kuhn noted. The product allows
customers and small businesses to "cut the cord" to their landline
service providers for both voice and data, while retaining excellent
phone sound quality and full data services.
Kuhn pointed out that the AirTouch telephone and data unit operates
at up to 10 times the signal strength of a handheld mobile phone
while dramatically reducing the amount of microwave radiation to
human tissue.
In addition to an agreement to distribute its products through the
Verizon Wireless independent distributor network, Kuhn noted that
AirTouch recently signed a long-term 4G- LTE wholesale agreement with
LightSquared, the nation's first wholesale-only, integrated 4G-LTE
wireless broadband and satellite network. Under the agreement,
LightSquared would provide the spectrum on a wholesale basis to
AirTouch. This is a key step in AirTouch's plan to become a Mobile
Virtual Network Operator.
"In order to meet the expected international growth in countries
where a large number of rural residents will not receive landline
coverage in the foreseeable future due to cost and geography, the
company has established a joint venture with a major Chinese
electronics distribution company. The joint venture, fully registered
by the Chinese government, is known as AirTouch China," stated Kuhn.
Kuhn noted that AirTouch China will be able to obtain purchase orders
from Chinese carriers, including China Mobile, China Telecom and
China Unicom. AirTouch products such as the HomeConneX X2000 are
ready to target the millions of rural Chinese with limited or no
access to voice, Internet, entertainment and other advanced
communication services due to the absence of landlines.
With regard to the size of the potential market for AirTouch, Kuhn
noted that the World Health Organization estimates that more than 2
billion people in the BRIC nations (Brazil, Russia, India and China)
and N-11, or Next-11 countries, are expected to move into the income
bracket over the next five that will be demanding wireless voice,
Internet and entertainment services, but will continue to have scarce
landline coverage.
About AirTouch(R) Communications
AirTouch(R) Communications, Inc.
is engaged in the development and marketing of patented
telecommunications devices capable of converging voice, data, video,
security, entertainment and other advanced communications services
from various service providers on one piece of hardware. We currently
hold three patents for our unique combination of cordless telephone
technology and wireless signal amplification which enables consumers
and business to access voice, data, and other applications and
services over the cellular wireless network. For further information
about AirTouch Communications, please visit the web site:
www.airtouchinc.com.
Forward-Looking Statement
This press release contains
forward-looking statements. These statements relate to future events
or our future financial performance, including but not limited to
statements regarding the success of our relationships with Verizon
Wireless and LightSquared, the future distribution and sale of our
telecommunications devices to the Chinese market, the demand for our
telecommunications devices in the U.S., China and other developing
countries, and our ability to obtain purchase orders from U.S. and
Chinese carriers. These statements involve known and unknown risks,
uncertainties and other factors that may cause our or our industry's
actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed, implied or inferred by these
forward-looking statements including but not limited to the absence
of any purchase orders, agreements or commitments at this time on the
part of any Chinese carrier to purchase our telecommunications
devices, the risk that our telecommunications devices may not be
accepted by the U.S. or Chinese market and markets in other
developing countries and those other risks set forth in our
registration statement on Form S-1 filed with the SEC on September
29, 2011. In some cases, you can identify forward-looking statements
by terminology such as "may," "will," "should," "could," "would,"
"expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "projects," "potential" or "continue" or the
negative of such terms and other comparable terminology. These
statements are only predictions based on our current expectations and
projections about future events. You should not place undue reliance
on these statements. Actual events or results may differ materially.
We undertake no obligation to update any of the forward-looking
statements after the date of this release to conform those statements
to reflect the occurrence of unanticipated events or otherwise,
except as required by applicable law.
CONTACT:
AirTouch® Communications, Inc.
Jerome Kaiser
CFO
(949) 825-6570
Email Contact
www.airtouchinc.com
Investor Relations:
Alliance Advisors, LLC
Thomas P. Walsh
212-398-3486
Email Contact
SOURCE: AirTouch Communications
http://www2.marketwire.com/mw/emailprcntct?id=FDA01B92A2A2FE1C
http://www.airtouchinc.com/
http://www2.marketwire.com/mw/emailprcntct?id=3603EEE1CC576578
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