POMPANO BEACH, Fla. -- Edgtech International, Inc. (OTC:EGIL) has taken advantage of an option to enter a luxury office in Beverly Hills, California utilizing a strategic celebrity relationship. This exceptional achievement increases the exposure of Edgetech and its brand in the ideal location for coordinating the upcoming launch of custom designed, special signature editions of the PocketSurfer with high-profile entertainers and sports superstars. EGIL is an authorized distributor of the PocketSurfer, a revolutionary, sleek, handheld wireless Web access device that has redefined ultra-mobile wireless Internet.
EGIL's new office address is 9701 Wilshire Boulevard, 10th Floor (between Santa Monica Boulevard and Rodeo Drive) in the pulse of Beverly Hills, home to many of Hollywood's elite actors, musical performers, and their agents. Many of the major talent agencies and publicists representing a wide range of celebrities are located on Wilshire Boulevard, with several in our new building.
The Company's presence in this area clearly signals our fortified commitment to capitalizing on the entertainment, fantasy sports, and online gaming vertical markets. EGIL holds the PocketSurfer's exclusive distribution rights, virtually worldwide for these markets, so there is no question that achieving successful results in this area can have a dramatic effect on our bottom line.
"We are very excited about the opening of our new West Coast office and the numerous opportunities to develop celebrity relationships that can be attributed to being in such a high profile location," commented Lev Parnas, Edgetech CEO. "This location puts us in the heart of the action and events tied to the entertainment industry, and provides an ideal West Coast presence from which we can more readily obtain access to the celebrities and sports stars we desire to attract as co-branding partners. We have already had numerous meetings with various celebrities and sports stars, and anticipate announcing several signed deals shortly."
About the Company:
We are an authorized distributor of the PocketSurfer. The PocketSurfer is 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 such product 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.
Except for historical information, the matters discussed in this press release are "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. 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 ongoing working capital constraints; need for substantial additional capital to fully implement 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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