KNSC, IMO dirt cheap at $1.875,the float very small.
Jim read this PR here, and do some DD on it
if you have time.Thanks.At this price i believe there is money to be made.
Kensington International Holding Corp. Acquires 100% of
the Patent-Pending 'Wireless Ear-Bud' System From
MicroTalk Technologies, Inc.
MINNEAPOLIS, May 31 /PRNewswire/ --
Kensington International Holding Corporation (OTC Bulletin Board: KNSC), which markets
text-to-speech internet technology and manufactures computer kiosks and other commercial display
fixtures, announced today that it has acquired 100% of the rights, title and interest in the
patent-pending "wireless ear-bud" from MicroTalk Technologies, Inc. of Minneapolis.
Dr. Barry Voroba, C.E.O. of MicroTalk Technologies and former president of Bausch & Lomb
Hearing Systems Division has developed a working model of the "wireless ear-bud." The patent that
is pending on the "wireless ear-bud" system has over 40 claims. The "wireless ear-bud" system is
placed in the outer "bowl" or concha of the ear and permits hands free use of any cellular phone.
The "wireless ear-bud" system also provides privacy listening for any multimedia computer or stereo
system as well as most televisions on the market today. Dr Voroba invented and patented the first
soft hearing aid and owns the patents for the "low feedback wireless telephone" and the "compact
wireless telephone."
Mark Haggerty, president of Kensington and chairman of Mail Call, Inc., a majority owned
subsidiary, stated that, "The acquisition of the rights to the 'wireless ear-bud' technology from
MicroTalk Technologies, Inc. emphatically underscores Kensington's intention of becoming a
fully-integrated provider of Internet connectivity services and hardware."
Dr. Voroba stated that, "MicroTalk is very excited about its partnership with Kensington and he and
his staff look forward to working closely with Kensington." He further noted that, "The wireless
ear-bud system will provide a hands free, ultra-small, comfortable, and high-fidelity communications
solution for today's mobile population."
The July 1999 issue of Business 2.0 magazine, page 149, stated that 3 percent of the world's
population uses the Internet (171,200,000 people) and has at least one e-mail address. International
Data Corp. estimates that this number will increase to a billion users by the year 2010. Business 2.0
(July 1999) stated that there are 94,100,000 Americans online and that figure is estimated to increase
to 142,000,000 Americans by 2005. According to the National Highway Traffic Safety
Administration, there are 86 million cell phone subscribers in the United States using their cell phones
while driving (Investors Business Daily, March 8, 2000).
It is Kensington's opinion that if the "wireless ear-bud" sold for $49.00 and penetrated 1% of the
United States market, with no sales in Asia or Europe, the Company could generate $42,140,000 in
revenues. Mark Haggerty stated, "The market for the 'wireless ear-bud' is big in the United States,
but it is bigger overseas because driving with hand-held cell phones are banned in parts of Australia,
Austria, Belgium, Germany, Israel, Italy, Japan, Norway, Portugal, South Africa, Spain and
Switzerland." Based upon an estimated price of $49 with a 5% market penetration in the countries
just mentioned, plus the estimated 1% penetration in the USA, it's estimated that annual revenues of
the Kensington "wireless ear-bud" could exceed $100,000,000. Jerry Ramlet, vice president of
marketing for both Kensington and Mail Call, stated that, "The 'wireless ear-bud' works with any
existing analog or digital cell phone in existence today so users don't have to purchase new phones."
The Company is hopeful that these projections of estimated sales will occur because it feels that its
international patents will be granted.
Jerry Ramlet stated further that, "The 'wireless ear-bud' will complement Mail Call's 'text-to-voice'
technology and its management's intention to have the ear-bud ready for marketing by the fall of
2000."
Kensington also owns 86% of Mail Call, Inc., mailcail.com . Mail Call uses advanced
text-to-speech technology to read E-mail over a telephone without a computer. Subscribers simply
call a toll-free number, 888-MAILCALL, and login with their personalized customer ID and PIN
code. The Mail Call service will then tell them, in a computerized voice, how many E-mail messages
are in their existing E-mail box, and then read the headers for each message. The user may respond
directly to the sender using their natural voice on the phone or with a preexisting text response. In
addition, the user may forward the message to someone else in his or her address book, or send the
E-mail to a fax machine. The user may also initiate voice E-mails from their address book, or give the
sender a phone number at which the subscriber can be reached. A video and audio demonstration
may be seen and heard at mailcall.com
Kensington has an Internet presence at knscintl.com
The preceding statements are made pursuant to the Private Securities Litigation Reform Act of 1995,
as amended, in order for the Company, MicroTalk Technologies, Inc., and MAIL CALL, INC.
(jointly referred to herein as the "parties") to avail themselves of the "safe harbor" provisions of that
Act, as amended. Certain statements in this release and the Parties' financial projections that are not
historical fact constitute "forward-looking information." Such forward-looking information involves
known and unknown risks, uncertainties and other factors, which may cause the actual results of the
Parties to be materially different from results expressed or implied by such forward-looking
information. Such risks, uncertainties and other factors include, but are not limited to: customer
demand not meeting expectations; lack of consistent supply of hardware and software to service
demand; lack of adequate distribution markets; the inability to generate enough cash to service
operations; the loss of the right to resell or use others products; adverse economic conditions;
intense competition; inadequate capital; unexpected costs; lower revenues and net income than
expected; loss of customers; price increases; failure to obtain customers; the possible acquisition of
a new business or products that do not perform as anticipated; inability to carry out marketing and
sales plans; changes in interest rates; inflationary factors; inability to meet customer demand and
other specific risks that may be alluded to in this press release or in other reports issued by the
Parties.
SOURCE: Kensington International Holdings Corporation
CONTACT: Alex Tassos & Associates Public Relations, 760-737-7000, fax 760-739-9000, E-mail
atassos@flash.net , for Kensington International Holding Corporation & Mail Call, Inc., or Jerry Ramlet,
V.P. of Marketing, 612-396-6251, E-mail jerry@mailcall.net , or Mark Haggerty, President,
612-546-2075, fax 612-512-8451, E-mail mark@mailcall.net , both of Kensington International Holding
Corporation & Mail Call, Inc. |
