strong news for KNSC, imo.
June 22, 2000 15:08
Kensington International Shifts Direction to Wireless
Technology Changing Name to 'Voice & Wireless
Corporation'
MINNEAPOLIS, June 22 /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 had filed an amendment to its corporate Articles changing its name to "Voice and Wireless Corporation."
The Company said that it has applied for a OTC:BB stock symbol change which should occur in the near future.
Mark Haggerty, president of Voice and Wireless Corporation, stated that "the name change reflects the Company's new direction. In the future, while still manufacturing
commercial fixtures and computer kiosks, it will focus on the communications business-to-business Internet and wireless environment by emphasizing advanced Internet and wireless related communication services and products.
Management is of the opinion that its Mail Call text-to-voice email retrieval service is the industry
best and that its new patent pending 'wireless ear-bud' will also be the best in the industry."
Mail Call, Inc. 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 log in 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 .
The Company has acquired 100% of the rights to the patent pending "wireless ear-bud" developed by Dr. Barry Voroba, C.E.O. of MicroTalk Technologies and former president of Bausch & Lomb Hearing Systems Division. 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."
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's 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.
The Company is going to focus on revenues and increasing shareholder value. The Mail Call and wireless ear-bud markets represent two of the largest and fastest growing markets in the world today.
Kensington and Voice and Wireless Corporation have 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, atassos@flash.net , or Jerry Ramlet, V. P. of Marketing,
612-396-6251, jerry@mailcall.net, or Mark Haggerty, President, 612-546-2075,
Fax 612-512-8451, mark@mailcall.net , both of Kensington International Holding
Corporation & Mail Call, Inc./
/Web site: mailcall.com /
/Web site: knscintl.com / |
