IBZT,
PRESS RELEASE: iBIZ Technology Corp. Reports on Virtual Keyboard Factory Visit
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Tue Mar 02 08:57:26 2004 EST
PHOENIX, March 2 /PRNewswire-FirstCall/ -- iBIZ Technology Corp. (OTC
Bulletin Board: IBZT), a leading manufacturer and distributor of accessories
for personal digital assistants (PDA) and hand-held devices, announced today
results from its Virtual Keyboard factory tour in Tel Aviv, Israel.
"On Sunday, February, 22nd, Mark Perkins, our Executive Vice President and I
visited the factory contracted by Enterprise Capital AG (formerly Endeavour
Capital AG) to build the Virtual Keyboard," said Ken Schilling, iBIZ
Technology's President and CEO. "Our visit was scheduled to not only observe
production of the Virtual Keyboard, but also to attend product planning and
development meetings for future technologies."
Schilling further commented, "The CES (Consumer Electronics Show) event in
Las Vegas demonstrated an incredible demand for the Virtual Keyboard. As a
result, the decision was made to move production to another facility that was
better suited to meet the product demands. During January, the assembly was
moved and efforts were made to bring the product to mass production in the new
facility. During our visit, we were able to view all phases of the products
assembly as well as understand the dynamics of tooling processes for specific
critical components. Seeing the level of sophistication in each of these
processes left us with not only a better understanding as to why there have
been several delays in shipping, but also assured us the finished product would
meet industry expectations on quality.
"The virtual keyboards parts are currently being tooled and quality
assurances put into place to insure each part meets the highest usable quality
standard prior to final assembly. There were four essential components being
refined during the visit. Those components included three plastic lenses
covering the virtual keyboard internal components and the infrared projection
devise embedded behind the red lens at the top of the unit.
"Factory representatives have presented us with shipping details that should
have mass production units available by the end of March. Initial production
units will be shipped in white boxes in an effort to satisfy the substantial
back log of internet orders. The initial retail packaged orders will be
fulfilled shortly following this initial production, until full production is
met, likely within sixty days. The Company currently has a substantial backlog
from various retailers and demand is growing daily.
"The Virtual Keyboard has allowed us to leverage our other products together
with a product offering for retailers that is unmatched in our four years of
providing PDA accessories," added Schilling. "Our own web sales for the
Virtual keyboard continue to grow. To that end, we received more pre-orders
for the Virtual Keyboard in the first twenty-four hours on our site than any
other product we have introduced sold in an entire month. It is truly exciting
to watch the enthusiasm surrounding this product. We look forward to the other
opportunities this technology will bring as we continue to embrace its
dynamics."
About iBIZ Technology:
iBIZ is a leading manufacturer and distributor of accessories for personal
digital assistant (PDA) and hand-held devices. iBIZ is recognized for
innovative, high-quality, competitively priced products available through major
retailers. For more information on iBIZ products and services, please visit
www.ibizpda.com, email sales@ibizcorp.com, or call 1-800-234-0707.
For further information please contact: press, Belinda Banks of S&S Public
Relations, +1-718-320-4898, Belinda@sspr.com, or investors, Cormac Glynn of
CEOcast, Inc., +1-212-732-4300, cg@ceocast.com, both for iBIZ Technology.
"Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of 1933 and
Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the
safe harbor created by those rules. All statements, other than statements of
fact, included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward-looking statements that involve risks and uncertainties. There can be
no assurance that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such
statements. Technical complications that may arise could prevent the prompt
implementation of any strategically significant plan(s) outlined above. The
company cautions that these forward looking statements are further qualified by
other factors including, but not limited to those, set forth in the company's
Form 10-KSB filing and other filings with the United States Securities and
Exchange Commission (available at www.sec.gov). The company undertakes no
obligation to publicly update or revise any statements in this release, whether
as a result of new information, future events or otherwise."
SOURCE iBIZ Technology Corp.
/CONTACT: press, Belinda Banks of S&S Public Relations, +1-718-320-4898,
Belinda@sspr.com, or investors, Cormac Glynn of CEOcast, Inc.,
+1-212-732-4300, cg@ceocast.com, both for iBIZ Technology/
/Web site: ibizpda.com /
(IBZT)
(END) Dow Jones Newswires
03-02-04 0857ET
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