PRINCETON, N.J., Jun 5, 2000 /PRNewswire via COMTEX/ -- ZipLink, Inc. (Nasdaq:
ZIPL), a wholesale Internet connectivity provider in the U.S. and Canada and
Mikros Systems Corporation (OTC Bulletin Board: MKRS), a high technology company
located in Princeton, New Jersey, today announced they have signed a Letter of
Intent to jointly develop and market wireless Internet technologies.
Under the terms of the Letter of Intent, the companies will seek to develop
wireless Internet enhancements for ZipLink's current Internet connectivity
offerings using Mikros' innovative wireless data transmission techniques and
network capabilities. ZipLink desires to create a program for marketing these
enhanced wireless Internet technologies to its Internet Service Providers and
other Internet customers.
"This strategic alliance with Mikros is a natural progression for ZipLink as we
increase our reach into the booming wireless market," said Michael Clover,
ZipLink's Chief Operating Officer. "Our goal, in working with Mikros is to
develop innovative wireless Internet services to offer our wide range of
customers."
"ZipLink offers an ideal partner to assist in developing and marketing Mikros'
enhanced wireless Internet technologies to ISPs and other Internet customers,"
said Thomas J. Meaney, President of Mikros. "As well, ZipLink will help foster
service development relationships between Mikros and ZipLink's Internet
customers that will provide direct market relevance."
About Mikros
Mikros has developed a patented data transmission technology for use on
conventional AM radio stations for the purpose of transmitting digital data,
without interference to the regular broadcast. The Company's mission is to
establish a nationwide datacasting network utilizing existing AM radio stations.
The North American rights to the AM data broadcasting technology have been
exclusively licensed by Mikros to Mobile Broadcasting Corporation, which is
jointly owned by Safeguard Scientifics (NYSE: SFE) of Wayne, PA and Mikros
Systems Corporation. Mikros is presently seeking $5M in financing in order to
implement its business plan. There is no guarantee that the Company will be able
to obtain the necessary financing or that the enhanced wireless Internet
applications contemplated will be embraced by potential users. For more
information contact: Thomas J. Meaney of Mikros Systems, 609-987-1513.
Certain matters discussed in this press release are "forward-looking statements"
intended to qualify for the safe harbors from liability established by the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements include, without limitation, statements regarding technology under
development, strategies and objectives. The forward-looking statements include
risks and uncertainties, including, but not limited to, the anticipated size of
and growth in the markets for the Company's products, the trends favoring the
use of the Company's proposed commercial products, the anticipated demand for
the Company's new products, the timing of development and implementation of the
Company's new product offerings, the utilization of such products by the
Company's clients and trends in future operating performance, and other factors
not within the Company's control. The factors discussed herein and expressed
from time to time in the Company's filings with the Securities and Exchange
Commission could cause actual results and developments to be materially
different from those expressed in or implied by such statements. The
forward-looking statements made herein are only made as of the date of this
press release and the Company undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or circumstances.
SOURCE Mikros Systems Corporation
CONTACT: Thomas J. Meaney of Mikros Systems, 609-987-1513
(MKRS ZIPL)
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