EGIL Expansion Targets Russia.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Edgetech International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :EGIL) has entered final discussions with major distributors and retail chains servicing the wireless telecommunications industry to prepare for a massive product launch for The Edge in Russia, aimed to commence in January 2007. EGIL management has maintained extensive discussions throughout the majority of the year, and in the process has assembled a network of valuable contacts that are the most suited for this launch to deliver the optimum impact with regard to widespread sales and exposure. The Edge, by Edgetech, is a revolutionary, sleek, handheld wireless Web access device that has redefined ultra-mobile wireless Internet. Through our research and discussions, it has become apparent that advanced European 3G cellular technologies will enhance the performance and functionality of The Edge. This and other proprietary advantages, combined with the Edge's built-in modem and full-screen display functioning at DSL-type speed, leads us to conclude that The Edge can achieve cultural mainstay status with blanket industry penetration. 3G (third-generation) technology is used in the context of mobile phone standards A list of Mobile phones standards or generations is given in the table below. 0G
The Edge is the ideal device to spread the efficiency of handheld wireless internet to Russia, a leading seller of handheld wireless products on a worldwide scale. For instance, 13.51 million mobile phones were purchased for $2.59 Billion in Russia in the first half of 2006, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report by Euroset, Russia's biggest mobile phone retailer. This underscores the importance of capitalizing on the strong channels we have developed who share our vision that The Edge can build deep consumer interest feeding off of the technological prosperity throughout the geographic landscape. Edgetech CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Lev lev-, pref See levo-. Parnas stated, "As we begin to broaden our reach, our continued partnering on an international level will carry Edgetech to increasing levels of consumer awareness and corporate growth for our shareholders. The brilliance of The Edge is defined by its functionality, efficiency, and convenience as the first truly mobile solution for interactive wireless web access virtually anywhere in the world." About the Company: We are an authorized distributor of The Edge. The Edge is a robust, handheld wireless internet access See how to access the Internet. device which delivers the internet at DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary like speed, displaying full content HTML HTML in full HyperText Markup Language Markup language derived from SGML that is used to prepare hypertext documents. Relatively easy for nonprogrammers to master, HTML is the language used for documents on the World Wide Web. , 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 Online poker is the game of poker played over the Internet. It has been partly responsible for a dramatic increase in the number of poker players worldwide. In 2005, revenues from online poker were estimated at US$ 200 million per month. ; (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 Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. 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 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. provisions of 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. 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 administrative cost Managed care A cost incurred by the 'business' end of a health care facility or university–eg, staffing and personnel costs, nursing home and hospital administration, insurance, and overhead expenses. Cf Indirect costs. 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. |
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