Cimbix Corporation Enters into an Exclusive Worldwide License Agreement to Market and Distribute PetsMobility's PetsCell -- Cellular Telephone for Pets and Use the PetsMobility Brand.BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. -- Cimbix Corporation ("Cimbix" or the "Company"), (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBXC) has entered into an exclusive worldwide license agreement with PetsMobility Network, Inc. ("PetsMobility"), pursuant to which the Company will have the right to market and distribute products covered by PetsMobility's PetsCell technology, for which patents are pending, and the PetsMobility brand. The PetsCell(TM) technology is a 2-way communication device that incorporates a cell phone that attaches to a pet's collar and also includes global positioning capabilities that will provide the pet's location. The PetsCell(TM) can be utilized via a wired or wireless delivery format and can be delivered to a desk-top PC, hand-held hand-held also hand·held adj. Compact enough to be used or operated while being held in the hand or hands: a hand-held video camera. Adj. 1. device, telephone text or traditional voice message service. Since first being announced in September 2004, the PetsCell technology has received overwhelming interest from the pet industry and consumers worldwide. With the exclusive worldwide license from PetsMobility, Cimbix will have the ability to implement PetsMobility's existing manufacturing and distribution plans and develop the required corporate infrastructure into a global presence for the PetsCell(TM) technology and the PetsMobility brand in the pet and wireless industries. CIMBIX anticipates initiating the shipment of the PetsCell product in the fourth quarter of 2005. Cimbix has recently filed an Information Statement with the Securities and Exchange Commission on Schedule 14C indicating that it already received the necessary shareholder approval to change the Company's name from Cimbix Corporation to PetsMobility Inc. to better reflect the Company's current business. The name change will be effected on or after July 29, 2005 For more information about PetsMobility visit: www.petsmobility.com. Contact Info: Investor Relations Investor relations The process by which the corporation communicates with its investors. 480-344-7724 This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as defined by 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 1996. Forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including but not limited to the availability of capital, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at CIMBIX Corporation's stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . |
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