08/05/04 KIWI Announces DEVICE and Distribution JV Agreement with Torex Technologies Inc. for the Canadian Market
TORONTO--(BUSINESS WIRE)--Aug. 5, 2004--KIWI Network Solutions, Inc., (KWNS - news) has completed a Joint Venture Contract with Torex Technologies Inc. of Calgary Alberta Canada to distribute a series of handheld Canadian Radio and Telecommunications Commission (CRTC) approved and certified devices in Canada. The devices will be offered to cellular carriers and other Network Operating companies in Canada on an exclusive basis through KIWI in Late 2004. Torex has consolidated a series of exclusive devices and handheld wireless communications distribution agreements and has delivered a number of technologies that will accelerate KIWI's Device initiatives and the Company's business plan.
Torex Technologies Inc., is an OEM system integration and consulting firm and is affiliated with Evolution Research Labs Inc. (ERL) of Calgary, Alberta. The combined Torex/ERL profile provides the Joint Venture with additional technology integration experience and a bona fide revenue generating opportunity for KIWI and Torex collectively.
KIWI Network Solutions Inc. is a developer of proprietary and third party devices and peripherals that are enabled to deliver 2-Way voice, video, audio, data and short messaging over Internet Protocols, Multiple Cellular Networks, Short Messaging, 802.11B/G and other networks. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network companies.
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.
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