Newport Digital Technologies to Deploy $30-Million WiMAX Network in Italy.
"This is the first of many significant WiMAX projects we expect to announce this year with III," said Richard Damion, CEO of NDT. "We have already shipped 500 base stations this past quarter which has generated substantial sales for NDT in the close of our fiscal year June 30. We anticipate another record quarter as we expand our operations in Italy to $1-million US per month from August and start our shipments to Poland and Fiji in September. This is expected to add significantly to sales in second quarter 2008. We anticipate generating revenues in excess of $75-million US during the next fiscal year."
NDT has partnered with III on a number of ventures including international projects in Fiji and Tuvalu on WiMAX deployment which will serve as a backbone to offering eLearning and telemedicine services. "With this collaboration with NDT we are confident that we can quickly and effectively offer the local governments in the South Pacific next generation eLearning and eHealth services to rural areas in these countries where we currently provide significant aide," said Elsie Kao, Project Manager for III.
"The benefits for WiMAX technology are clear," said Robert Pimentel, WiMAX Program Director for III. "This technology is now able to bring broadband to remote regions of the world that we could not previously service and now serves as a foundation for our eLearning, eHealth and eGovernment platforms where we can deploy extensive applications for governments and business."
About Newport Digital Technologies Inc.: NDT is a wholly owned subsidiary of IFPG. NDT will focus on the distribution of III's low-cost notebook in the America's and South Pacific which is expected to generate up to US$75 Million in revenues in 2008/09, as well as III's WiMAX base stations in the South Pacific with over 200 deployments planned during the same period. III will continue to provide NDT with technical support, along with marketing and sales resources for this expansion.
About International Food Products Group, Inc.: IFPG is a public company trading on the OTCBB with the ticker symbol "IFDG". The Corporate Offices are at 620 Newport Center Drive, Newport Beach, CA, 92660. http://www.goldenchoice.com/. The company is in the process of changing its corporate name. Its corporate identity, logos, and website will be updated shortly.
About the Institute for Information Industry:
III is one of the world's leading information technology institutes established in 1979, jointly sponsored by the Taiwan government and prominent private enterprises, for the purpose of strengthening the development of information industry in Taiwan.
Since its inception, III has been a source of vision, innovation, technological excellence and a major contributor to Taiwan's development into a significant player in the global ICT arena. III has helped promote full utilization of ICT technologies hence advancing the establishment of modern information society in Taiwan.
III is a Principal founding member of the WiMAX Forum and a significant contributor to standards established by the Forum. III's contribution in IEEE 802.16j III had submitted over 80 contributions which represented 16.88% of the total which ranked it number one worldwide (http://relay.wirelessman.org/) of which 32.50% have been approved as standard baselines.
Safe Harbor Disclaimer: Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements include, without limitation, statements regarding business and financing plans, business trends and future operating revenues and expenses. Although the Company believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. You should independently investigate and fully understand all risks before investing. These descriptions of the Company contain forward-looking statements that involve risk and uncertainties including, but not limited to, quarterly fluctuations and results, the management of growth, competition and other risks detailed in the company's SEC filings if any. Actual results may differ materially from such information set forth herein.
CONTACT: Lydia Kluft, 818-383-4552
CONTACT: Lydia Kluft of Newport Digital Technologies, +1-818-383-4552
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|Date:||Jul 10, 2008|
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