Asante Acquisition Proceeding on Schedule.THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. , Calif. -- TechnoConcepts, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TCPS TCPS Tissue Culture Polystyrene TCPS Transportable Collective Protection Shelter TCPS Telemetry and Command Processing System TCPS Tcp for Ssl ), developers of a unique wireless technology that can convert RF (radio frequency) signals directly to digital baseband data, today announced that its acquisition of Asante Technologies, Inc. is on target to close early May, 2005. Antonio Turgeon, Chairman, stated that upon closing the company anticipates securing substantially larger credit lines with Asante's suppliers which will support expanded sales opportunities and the establishment of a large-scale production partnership with a globally recognized equipment manufacturer for future products. About TechnoConcepts TechnoConcepts, Inc. has developed a technology that enables competing wireless standards to understand each other by incorporating a transmitter/receiver (transceiver) based on a computer chip with TechnoConcepts' revolutionary True Software Radio (TSR (Terminate and Stay Resident) Refers to a program that remains in memory when the user exits it in order that it be immediately available at the press of a hotkey. ) technology to process signals received from the antennae of wireless devices. With this technology, cell phone users will be able to enjoy seamless roaming anywhere in the world - police and fire departments will be able to talk to each other regardless of their radio systems - and military forces from various countries will be able to communicate with each other directly. TSR is a cost-effective technology that can allow for direct device-to-device communication. The company has announced agreement with multinational government and commercial organizations and is working with a number of major wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. companies for the use of its technology in military, homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , consumer, and industrial applications. More information is available at http://www.technoconcepts.com. About Asante Asante, based in San Jose, CA, is a leading provider of networking solutions for the small-medium business (SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. ) market. Asante designs, markets, and sells a full line of networking solutions that provides high-performance, reliable, and value-based solutions. The company's IntraCore(R) and FriendlyNET(R) product families offer a full breadth of products - from the edge to the core of networks that integrate voice, data, and video over wireless and wired networks with unified management and authentication. For additional information, visit www.asante.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 -- Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Such statements may relate, among other things, to our expected financial and operating results, the expected acceptance of our products and their usefulness to our license partners, the benefits of our products generally and the acceptance of our technological solutions and our ability to achieve our goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include, among others: difficulties providing solutions that meet the needs of customers, difficulty developing new products, difficulty in relationships with vendors and partners, difficulty in introducing our products to the marketplace and gaining acceptance of the same, difficulty gaining necessary governmental approvals, difficulty facing the intense competition present in the wireless communications industry, our limited operating history, our inexperience in operating internationally and difficulty managing rapid growth. For a more detailed discussion of the risks and uncertainties of our business, please refer to our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended September 30, 2004 filed with the Securities and Exchange Commission. We assume no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein. |
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