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EGIL To Showcase ``The Edge'' Revolutionary Wireless Internet Device During The 2007 Consumer Electronics Show In Las VegasBOCA RATON, Fla. --(Business Wire)-- As the world's largest consumer technology tradeshow kicks off today, Edgetech International, Inc. (OTC:EGIL) takes its place along side industry giants to feature The Edge, a unique, handheld, stand alone wireless unit with a built-in modem and full-screen display functioning at DSL-type speed. After an exciting year with our product launch at the MTV Video Music Awards, and a complete sell out of our holiday inventory in December, it is only fitting to open 2007 by demonstrating our technological capabilities at the grandest level possible. The Edgetech product line will be exhibited in Booth 12840 located in Central Hall of the Sands Expo and Convention Center. The prime location of EGIL's 1,000 square foot booth, in between Samsung and Sony, gives us high visibility to continuous crowd flow for the duration of the event. EGIL will showcase our cutting edge technology by linking the value of IP calling with high speed broadband through our partnership with SpeechPhone. The Edge is transformed by this linkage into a powerful communications device enabling subscribers to conduct a wide variety of e-mail and voice mail options, all by voice command. EGIL will also display a variety of limited edition co-branded units, leveraged from partnerships with high profile athletes and celebrities, that we feel will have a dramatic impact on the future growth of the Company. Edgetech has successfully completed partnership agreements with Rodney Peete, John Salley, 3-time NBA All-Star Shawn Marion, prominent sports agency Athletes First (www.AthletesFirst.net), and legendary music manager Lou Pearlman's multi-Billion dollar Trans Continental conglomerate. "We could think of no better opportunity to expose the consumer electronics industry to Edgetech's breakthrough product than during the world's largest collection of cutting edge gadgetry this week at its biggest annual trade show," commented Edgetech CEO, Lev Parnas. "As we embark on our breakout year, our participation in the 40th anniversary of the CES will be a memorable event that will mark the beginning of an annual tradition for Edgetech, enhancing our position among some of the world's most influential companies." Interview opportunities are available. Media interested in meeting with an Edgetech executive to discuss the latest developments in wireless trends and available product solutions while attending the 2007 CES should contact Keith Jones, Edgetech's Vice President and Executive Associate to the CEO, at (561) 901-1717 or [email protected]. For more information on Edgetech International, Inc. (OTC:EGIL) its products and advanced wireless technology, please visit www.edgetechpc.com or call 1-866-439-EDGE (3343). 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 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. |
