International Wireless, Inc. Reads Personal Checks with Cell Phones.
WOBURN, Mass.--(BUSINESS WIRE)--Feb. 10, 2003
International Wireless Inc. (OTCBB: IWIN) unveiled today two new additions to its MobileVision suite of wireless productivity and mobile commerce software - "CheckPoint" and "WebPoint".
"CheckPoint" for the first time, reads critical symbolic information on checks (OCR) to reduce losses that mobile merchants suffer from "bounced" checks. "CheckPoint" allows the mobile merchant to simply scan the MICR number on the bottom of a check to verify the funds using a camera enabled mobile device such as a cellphone or PDA.
"WebPoint" adds visual intelligence to wireless devices enabling the visual recognition and decoding of printed URL's that are used to locate web pages on the Internet. By scanning a URL with one, simple stroke of the keypad, "WebPoint" automatically interprets the web-address and displays that exact site on screen.
These applications together with the Company's "CodePoint" software are expected to make the new generation of digital camera-enabled cell phones and hand held computers (PDA's) more effective personal productivity and m-commerce tools for the average users. These enhanced devices are expected to also drive increased cell phone usage and improve revenues for wireless carriers (ARPU).
Mr. Barry Waxman, VP of Sales, Marketing and Business Development stated, "We were challenged by major wireless carriers and cellphone manufacturers, in Japan, to develop these important applications for the next generation (3G) cell phones and we delivered! The impact on our license revenues from Japan is expected to be significant this year since Japan has been the earliest market to adopt camera equipped phones with Korea and China, closely following."
Mr. Michael Dewar, COO, International Wireless, commented, "Following our success in Japan, we expect to achieve similar successes in North America and Europe, as we target the 410 million unit cell phone market with software engineered to deliver the 'killer applications'!"
About International Wireless, Inc.
International Wireless, Inc. (OTCBB:IWIN) is a technology company focused on delivering a portfolio of wireless products and services that will enable data capture, payment collection, debit and credit card verification as the basis for m-commerce. International Wireless' patented CodePoint software solution allows mobile phones, PDAs, and emerging wireless devices to read visual symbols such as barcodes and complex matrix codes via integrated digital cameras. International Wireless can be found on the World Wide Web at www.international-wireless.net.
"Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995 This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, including statements regarding any potential sales of products as well as statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of International Wireless, Inc. ("International Wireless"), to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in International Wireless's Annual Report on Form 10-K for the fiscal year ended December 31, 1999 and any subsequent reports filed with the Securities and Exchange Commission under the Exchange Act. This press release speaks as of the date first set forth above and International Wireless assumes no responsibility to update the information included herein for events occurring after the date hereof.