SafeTek International CEO Sam Dobner issues Vision Statement.Business Editors/Hi-Tech Writers BROOKLYN, N.Y.--(BUSINESS WIRE)--May 15, 2002 SafeTek International (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:SFII SFII Street Fighter II (game) SFII Stallion-Flex II (truck coiled air brake line; Philatron International) ) Chief Executive Officer Sam Dobner today issued the following vision statement for the Company's focus and objectives going forward. SafeTek's objective is to provide state-of-the-art equipment to meet the immediate and burgeoning market in Data and Video with initial emphasis on provisioning "last mile" broadband connectivity to the SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. (small & medium enterprise) and home markets via fixed broadband wireless (FBW (Fixed Broadband Wireless ) See fixed wireless. ) solutions. Fixed Broadband Wireless subscriber revenues are projected to grow to over $12 billion by 2006 in North America alone, according to a 2001 Insight Research Corporation study. The primary drivers for growth are two-fold: the ubiquitous and insatiable demand for Internet bandwidth and the need by thousands of successful independent ISP's (Internet Service Providers) to bypass the ILEC's and Cable companies' "last mile" exclusive access to the SME and home premises. We believe these ISP's prefer an option that offers faster bandwidth at a lower cost, greater flexibility, the elimination of the ILEC's costly toll charges and more control over the responsiveness and quality of installations. Fixed Broadband Wireless - done right - ultimately offers the countless number of Internet users a cost effective, reliable and rapid solution. Globally, we believe the needs are even greater. Most of the rapidly developing countries in Asia, Latin America, and Eastern Europe have no reliable infrastructure in place at all to support "last mile" broadband Internet access Broadband Internet access, often shortened to just "broadband", is high speed Internet access—typically contrasted with dial-up access over modem. Dial-up modems are generally only capable of a maximum bitrate of 56 kbit/s (kilobits per second) and require the full use of a . FBW may be the only viable answer in these markets. SafeTek plans to participate in the growing FBW market by developing, manufacturing, and marketing "smartly integrated" base station and CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment (customer premise equipment) products that offer high configurability, embedded upgradability, low cost of ownership, and ease of installation (including self-installation). SafeTek`s plans to enter this market by "smart venturing" with companies that already offer "smart technology", a compelling product line, and most important - proven revenue, and a platform for cranking out products to meet the unique needs of the global markets. SafeTek's recent "smart venture" with EvoTech is the first clear example of SafeTek's execution of this vision. EvoTech is just completing development of their "smartly integrated" WMAS WMAS West Midlands Ambulance Service (UK) (Wireless Multi-Access System) base stations, offering their customers phenomenal flexibility, scalable architecture - and low cost. SafeTek is currently reviewing partnership opportunities with regard to additional fixed broadband wireless products. About SafeTek International Formed in April 1988 and reorganized in May 2001, SafeTek International Inc. (OTC BB:SFII) of Brooklyn, NY in partnership with its development partner EvoTech, Inc., is developing a Wireless Multi Access System to be utilized in the delivery of fixed wireless broadband wireless Internet access. About EvoTech EvoTech Inc., www.evotech.com is a full service product development company with core competencies in Internet Applications, Telecommunications, and Encryption. The company's client roster include leading international companies such as Ericsson Fiber Access (ERICY), Nortel (NT), General Electric (NYSE NYSE See: New York Stock Exchange :GE), Fujitsu America, FMC See fixed mobile convergence. Corp. (NYSE:FMC), Alcatel USA (NYSE:ALA), and Radionics/Honeywell (NYSE:HON). 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. Statement Certain information included herein is forward-looking within the meaning 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, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. These risks and uncertainties include, without limitation, our history of significant operating losses which together with an inability to raise capital could impact on our ability to continue as a going concern, our limited sales history, the acceptance of our product by consumers, dependence on third parties for the manufacture of our product, rapid technological change, the pressures of a competitive industry and other risks set forth in the Company's filings with the SEC. Reader and Investor Relations Investor relations The process by which the corporation communicates with its investors. Contact Information: SafeTek International, Inc., 5509 11th Avenue, Brooklyn, NY 11219, Tel: 718-436-8246, Fax: 718-436-8256, www.safetekinternational.com, info@safetekinternational.com. www.safetekinternational.com |
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