MKRS Press Release: June 5, 2000
biz.yahoo.com
Monday June 5, 8:32 am Eastern Time
Company Press Release
SOURCE: Mikros Systems Corporation
ZipLink, Inc., and Mikros Systems Corporation Partner To Develop and Market Wireless Internet Services
PRINCETON, N.J., June 5 /PRNewswire/ -- ZipLink, Inc. (Nasdaq: ZIPL - news), a wholesale Internet connectivity provider in the U.S. and Canada and Mikros Systems Corporation (OTC Bulletin Board: MKRS - news), 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 - news) 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 |
