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Technology Stocks : Koala International Wireless Inc. (OTCBB: KIWI)

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From: ms.smartest.person10/18/2004 1:31:38 PM
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09/27/04 KIWI Network Solutions Reaffirms Mission Statement

TORONTO, Sep 27, 2004 /PRNewswire via COMTEX/ -- KIWI Network Solutions, Inc., (OTCBB: KWNS - News) and its Management have reaffirmed the Company's Mission to finalize certification and commence manufacturing of its proprietary "ultra- wireless" communicator. All announced contracts and deployment strategies are being pursued. The Company is in final contract negotiations with several Original Equipment Manufacturers (OEMs) and the Company will be issuing a further release to provide shareholders with more information on the timing of the launch of the Company's multi-network format enabled cellular, WIFI and Ultra-Broadband enabled communicator.
The Company is continuing its strategy to develop and integrate compelling and highly marketable applications that will reside on the Company's proprietary device and offered to other devices under licensing arrangements.

The Management and Directors of the Company further announce that a Shareholders Meeting is being planned and that the date and time of the meeting will be confirmed in the next few weeks in accordance with appropriate notice and disclosure.

KIWI Network Solutions Inc. is a developer and distributor of third party devices and peripherals that are enabled to deliver 2-Way voice, video, audio, data and short messaging over applicable broadband 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.

CONTACT:
Derek Pepler
Director, KIWI Network Solutions Inc.
Direct Line: (416) 271-2514
Email: dpepler@equigenesis.com

SOURCE KIWI Network Solutions, Inc.

CONTACT: Derek Pepler, Director, KIWI Network Solutions
Inc., Direct Line: (416) 271-2514, Email: dpepler@equigenesis.com

prnewswire.com

Copyright (C) 2004 PR Newswire. All rights reserved.

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