Edgetech International Announces Investor News Alert
POMPANO BEACH, Fla. — Edgetech International, Inc. (the “Company”, “we”, or “our”) (Pink Sheets:EGIL) wishes to remind the investing public that, as is sometimes the case with companies whose securities have recently commenced public trading, as well as with companies with longer established trading histories, information concerning the Company may be publicly disseminated through web sites, e-mails, and otherwise, by third parties having no relationship whatsoever with the Company.
Such information may be presented in a fashion so as to appear that it has been provided by or obtained from the Company, and may contain material inaccuracies concerning the Company generally, as well as its current operations and business prospects, including prospective market share and market price. Such information should not be relied upon by the investing public in connection with making any investment decision concerning the Company’s securities.
The Company wishes to caution and remind investors that they should rely only upon information which may be publicly disseminated by and attributed to the Company in its press releases, on its web site, and such other means of public dissemination as it may from time to time choose to utilize.
We are an authorized distributor of the PocketSurfer, a robust, handheld wireless internet access device which delivers the internet in approximately 5 to 7 seconds per page and displays full content HTML, web pages, graphics and java script. The PocketSurfer offers a full desktop web experience, together with a larger functional keyboard than competitive products.
Our distribution rights to the PocketSurfer are subject to a long-term marketing, sales and distribution agreement between a Company subsidiary and the licensor of such product, pursuant to which we have been granted such rights in several exclusive vertical markets, virtually worldwide, including: (i) fantasy sports and sports book; (ii) online poker; (iii) music, movies and television; and (iv) financial services markets. Ongoing exclusivity for such markets is subject to the payment to the licensor of certain fees, including delineated monthly service fees per subscriber, and meeting delineated minimal annual subscriber thresholds.
The Company’s executive office facility is located at 950 North Federal Highway, Suite 302, Pompano Beach, Florida 33062. Its telephone number is 866-439-EDGE (3343) and its website address is http://www.edgetechpc.com.
This release contains “forward looking statements” within the meaning of and which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties that could cause actual results to be materially different from historical results or from any results expressed or implied by such forward looking statements. Forward looking statements may be accompanied by words such as “anticipates,” “belief,” “believes,” “estimates,” “expects,” “intends,” “plans,” and similar statements, and should be considered uncertain and forward looking. Any forward looking statements speak only as of the date on which such statement is made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward looking statements, whether as result of new information, future events or otherwise. Factors that could cause such results to differ materially from the results discussed in such forward looking statements include, without limitation: uncertain continued ability to meet our operational needs in view of current working capital constraints; need for substantial additional capital to meaningfully proceed with our plan of operations; no assurances of and uncertainty of profitability, no assurances of the Company’s ability to effect sufficient product sales so as to maintain exclusivity in certain vertical markets, the result of which could materially adversely effect the Company’s results of operations; need for additional management, sales and marketing personnel, which is contingent upon our receipt of additional capital; competition from companies having substantially great financial, marketing and other resources than the Company, including name and brand recognition; the impact of competitive services and pricing; changing consumer tastes and trends; and the legal, auditing and administrative cost of compliance associated with the Sarbanes Oxley Act. Many of such risk factors are beyond the Company’s control. New factors emerge from time to time and it is not possible for management to predict all of such factors, nor can it assess the impact of each such factor on the business of the Company or the extent to which any factor, or combination of factors may cause actual results to differ materially from those contained in any forward looking statements. In light of these risks and uncertainties, there can be no assurance that the results anticipated in these forward looking statements will in fact occur. The Company undertakes no obligation to update any such forward looking statements.
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