Koala Receives a Purchase Order from Allo Mobile of France.Business Editors/High-Tech Writers TORONTO--(BUSINESS WIRE)--May 13, 2003 Koala koala (kōä`lə), arboreal marsupial, or pouched mammal, Phascolarctos cinereus, native to Australia. Although it is sometimes called koala bear, or Australian bear, and is somewhat bearlike in appearance, it is not related to true International Wireless Inc. ("Koala" or the "Company")(OTCBB OTCBB See OTC Bulletin Board (OTCBB). : KIWI) announced today that it has received a Purchase Order from Allo Mobile of France to purchase 10,000 units of Koala's PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). device currently in the final stages of development with an independent contractor A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. . The Purchase Order, if fulfilled in its entirety, will have a total value of 4 million Euros. Under the terms of this Purchase Order, Koala will deliver 10,000 devices beginning in the Fourth Quarter of 2003. The Company must first meet certain design requirements that are required for the fulfillment of this order. Koala must slightly modify the functionality of the prototypal Wireless Telephony telephony without wires, usually employing electric waves of high frequency emitted from an oscillator or generator, as in wireless telegraphy. A telephone transmitter causes fluctuations in these waves, it being the fluctuations only which affect the receiver. See also: Wireless and Data, Voice, SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. Messaging, and Browser Device described in the Purchase Order. Koala expects to complete the necessary modifications and finalize the engineering and manufacturing alterations to meet these requirements consistent with the contemplated fulfillment schedule. Allo Mobile of France is a Qualified Platform and Device and Peripheral Hardware Provider for a number of Europe's largest wireless telecom companies. Joele Fagerstein who is the 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 Allo Mobile stated that he has been very impressed with the PDA's entry price and functionality, and looks forward to the delivery of the product. "We look forward to leveraging Allo Mobile's success in the French market to strengthen the market penetration for Koala International Wireless Inc.," stated Terry Clarke, President of Koala International Wireless Inc. "We are very excited about the future prospects for Koala International Wireless Inc. We believe that this order will be a good start to getting our products and services out into the market and will hopefully serve as a precursor for future orders for other interested carriers," stated Terry Clarke, President of Koala International Wireless Inc. About Koala International Wireless Inc. For updated information, please visit the Company's Web site at: www.koalawireless.com. About Koala: Koala is developing an International Mobile Virtual Network Operator A Mobile Virtual Network Operator (MVNO) is a company that provides mobile (sometimes called wireless or cellular) telephone service but does not have its own allocation of the radio frequency spectrum nor all of the infrastructure required to provide mobile telephone service. (IMVNO) platform to allow the delivery of voice, data and Short Messaging over multiple networks. Concurrent with the IMVNO development, Koala is pursuing the development of applicable devices to serve the network subscribers The IMVNO strategy will enable subscribers to access the Internet, play and store MP3, utilize existing applications including calendaring, contact management systems, email and Short Messaging and additional functionality, some not currently available in the marketplace. This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "will," "upon," "develop(ment)" and similar expressions identify certain forward-looking statements. These statements are made in reliance on 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 , Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations. |
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