TMCnet News
2007 CTIA Wrap Up: Edgetech International Launches The PC EdgeORLANDO, Fla. & BOCA RATON, Fla. --(Business Wire)-- The third day of the 2007 CTIA Show Edgetech International, Inc. (OTC:EGIL) announced the launch of The PC Edge. Edgetech International plans to have thousands of these new designed units by mid May. The PC Edge has a new design which includes several new capabilities. The PC Edge has a new razor like keyboard, full QWERTY keyboard, the exterior is backlight when power on, hyperlink to remote PC access, hyperlink to web based desktop, hyperlink to web based storage and a sleek slimmer size. The PC Edge is a unique, handheld, stand alone wireless unit with a built-in modem and full-screen display functioning at DSL-type speed. The show attendees were impressed with the new look and are looking forward to delivery of these new units. The PC Edge will be available for purchase on the new web site, www.thepcedge.com, as well as at 1-866-439-EDGE (3343). According to Jaime Barbosa, Edgetech's Marketing Manger, "We are pleased with the new look of The PC Edge. The additional capabilities differentiate The PC Edge from any other device on the market." Edgetech International CEO Lev Parnas stated, "The PC Edge's new design fits into our lifestyle marketing approach. The new features enhance our position in the marketplace and gives The PC Edge an advantage over our competitors." 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 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 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. |
