02/17/04 KIWI Network Solutions, Inc., Finalizes a Joint Venture Memorandum of Understanding to Build, Manage and Own a Wireless Internet and Telephony Company Under Exclusive Equity Partnership with the Sultanate of OMAN and TELTEK Canada
FT. LAUDERDALE, Fla., Feb. 17, 2004 (PRIMEZONE) -- KIWI Network Solutions, Inc., (KWNS - news) (www.kiwi.thetreaty.com and www.kiwimobile.com) announced the signing of a Memorandum of Understanding with TELTEK Canada, a telecommunications company based in Toronto. KIWI Network Solutions Inc. will be the majority owner and managing partner of the venture. KIWI will manage and jointly own a new wireless cellular and WI-FI network, complete with existing 2-way Voice, Video and Audio, and Data Over Internet Protocol, Internet and Application Service Provisioning, network operating structure along with device and handset distribution in partnership with the Oman Government. TELTEK warrants and represents that TELTEK has secured a conditional exclusive contract with the Government of the Sultanate of Oman estimated to capture a potential existing 75% market share of Oman's average $150.00/month potential one million individual cellular and ISP subscribers.
Harold Fischer, KIWI's CEO said, "We are pleased to be leading the KIWI-TELTEK team based on the team's combined skills and capabilities in large scale deployment of network and platform infrastructure, KIWI's Application and services offering, practical device and handset expertise, and TELTEK's strong political and corporate relationships in the Region."
Mr. Mahmoud Al-Shaibani, TELTEK's President said, "OMAN and the KIWI-TELTEK team are uniquely positioned to expand its service profile in the Middle East." He also commented, "We all pray to bring the world closer together with our technology and hope that our delivery system can reach that means."
KIWI is perfecting an International Mobile Virtual Network Operator (IMVNO) platform that enables the delivery of www.TheTreaty.com 's 2-Way VOICE/VIDEO/AUDIO/DATA/SHORT MESSAGING over Internet Protocol, Cellular, Short Messaging, 802.11B and other networks. KIWI is finalizing the development of applicable devices and peripherals. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network company's such as Microsoft Corp. (MSFT - news) , AOL (ISP) Time Warner Inc. (TWX - news) and Covad Communications Group Inc. (COVD - news) .
TELTEK Canada Inc is a privately held Ontario Corporation, with a Head office in Toronto and regional offices in Muscat, Oman and Dubai, United Arab Emirates. The principals of TELTEK operate a number of regional technology based enterprises in the Middle Eastern Region.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words ``can,'' ``anticipates,'' and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations.
CONTACT: KIWI Network Solutions, Inc.
Harold Fischer, CEO
Email: Harold@kiwimobile.com
(954) 771-5500
www.kiwimobile.com
TELTEK Canada Inc.,
Mahmoud Al-Shaibani, President
Email: teltek@pendylum.com
Tel: 905 881 6098
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