Klegg Electronics Signs Strategic Partnership with Taiwan Based MobiNote Corporation.LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Klegg Electronics, Inc. (PINK SHEETS:KLGE) announced today that they have entered into a strategic partnership with MobiNote Technology Corporation of Taiwan. Under the terms of the agreement, MobiNote will provide research and product development resources, manage Klegg's Taiwan sales office and market Klegg's products to their network of distributors in Taiwan, and China. In addition to expanding Klegg's sales and distribution capabilities in Asia, the new partnership will facilitate product innovation and new product development while reducing time to market and containing development costs. MobiNote will also assist Klegg in expanding oversees distribution of the Company's new line of Klegg Genesis products launched in the US earlier this year. Klegg's Genesis line of flat panel televisions, GPS systems and mini MP3 and MP4 players A handheld device that plays video in the MPEG-4 format. See portable video player. feature the same quality components as the high-performance Klegg Electronics Platinum line but are geared toward a broader consumer electronics market with lower pricing and greater retail distribution. The first Genesis products became available on online retail websites in the U.S. beginning January 2007. Dennis Gentles, 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. of Klegg Electronics said, "This exciting new relationship with MobiNote is an important strategic component of Klegg's global growth strategy. We believe that Klegg's ability to provide consumers with quality, value and cutting edge product innovation is central to successfully building the Klegg Brand." About MobiNote Technology MobiNote Technology Corp., founded in 2003, is an Entertainment Solution Provider that develops intelligent portable devices, integrates value-added application software and provides a user friendly interface systems for enterprise customers. MobiNote provides customized product solutions for the ODM (Original Design Manufacturer) A contract manufacturer that uses its own designs and intellectual property (IP). See contract manufacturer. and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and markets. The company is headquartered in Taiwan www.mobinote.com.tw. About Klegg Electronics, Inc. Klegg Electronics, Inc. (Pink Sheets:KLGE - News) is a manufacturer and distributor of high quality consumer electronics focused on designing a variety media and entertainment products that work seamlessly together for today's automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. smart homes. Kleggs' product line includes ultra thin vibrant Flat Panel TVs, state-of-the art Media Servers, Home Theater An audio/video entertainment center that has a large-screen TV and hi-fi system with three speakers in the front (left, right and center) and left and right speakers in the rear. Starting in the early 1990s, video inputs were added to stereo receivers and preamplifiers. Audio Systems and MP3 and portable media players. Klegg distributes its high-end home electronics through specialty stores Noun 1. specialty store - a store that sells only one kind of merchandise shop, store - a mercantile establishment for the retail sale of goods or services; "he bought it at a shop on Cape Cod" and custom integration dealers nationwide. The Company recently launched the KLEGG GENESIS line of moderately priced TVs portable electronics in the 1st Quarter of 2007. The corporation is headquartered in Las Vegas, NV. Learn more about Klegg Electronics at www.klegg.com Statements contained in this press release, which are not historical facts, are 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 that term is defined in 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. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Klegg undertakes no obligation to update publicly any forward-looking statements. |
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