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Technology Stocks : Koala International Wireless Inc. (OTCBB: KIWI) -- Ignore unavailable to you. Want to Upgrade?

To: ms.smartest.person who wrote (22)	12/4/2003 3:50:44 AM
From: ms.smartest.person	Read Replies (1) \| Respond to of 130

03/11/03 Koala Announces Closing of a Letter of Intent with Wirelesspark TORONTO--(BUSINESS WIRE)--March 11, 2003--Koala International Wireless, Inc. ("Koala" or the "Company") (KIWI - news) announced today the closing of a Letter of Intent to distribute its device through Italy, Switzerland and Norway with Wirelesspark, an independent mobile internet solution provider based in Milan, Italy to provide value added services for the wireless market in Italy, Switzerland and Norway (www.wirelesspark.it). Wirelesspark's ("Client") responsibilities will be to: actively participate in launch and promotional activities to potential users of the Koala services and products; promote project related Koala services and products on all communications media already used by the Client; provide all rights, tools, information or services to Koala required to set up and operate its services and products in Europe; add the Koala services and products distribution channel to the advertising agreements in place with the Wirelesspark customer base, distribute Koala services and products in as many point of sale outlets as possible. Miguel Caron, President of Koala, said: "Italy, Switzerland and Norway have been attractive markets for us since they have one of Europe's most mobile penetrations. Wirelesspark is not only the key to helping us sell our device in these markets, but they will also promote our range of SMS content and wireless data services to huge marketers who are looking at this new media to send promotional information and get customer trends." Luca Paioni, Founder and Managing Director of Wirelesspark, said: "The Market is looking forward to progressing to more value added mobile services, not to more complicated mobile technology. That is why I believe Koala, with their bundling of device and services, is the right partner to offer for the Swiss, Italian and Norwegian markets. Koala provides what they are looking for: easy access value added mobile services, available in an international environment and not only within the national boundaries!" About Koala: Koala is developing an International Mobile Virtual Network Operator (IMVNO) platform to allow the delivery of voice, data and Short Messaging over multiple networks. Concurrent with the IMVNO development, Koala is pursuing the development of applicable devices to serve the network subscribers. The IMVNO strategy will enable subscribers to access the Internet, play and store MP3, utilize existing applications including calendaring, contact management systems, email and Short Messaging and additional functionality, some not currently available in the marketplace. About Wirelesspark: Wirelesspark (constituted in June 2002) is a spin off from the Italian branch of Pixelpark, a leading European web agency owned by Bertelsmann. Wirelesspark is a one stop mobile internet solutions provider based in Milan and in Lugano (Switzerland). It specializes in the conception, creation, implementation and maintenance of 121 integrated mobile marketing campaigns as well as mobile services. By exploiting the tremendous opportunities offered by the development of the mobile as a new media channel (sms, mms, java midlets, public hot spots), Wirelesspark provides integrated solutions for mobile communication devices utilizing mobile Internet technology. This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "will," "upon," "develop(ment)" 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. investor.news.com