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KIWI Network Solutions, Inc., Finalizes a Joint Venture Agreement with E-Market Source Asia Pte Lte. to Offer Wireless Internet and Telephony Services Under Exclusive Agreement in Southeast Asia and India
2004-04-20 09:26 ET - News Release
FORT LAUDERDALE, Fla. -- (Business Wire) -- April 20, 2004
KIWI Network Solutions, Inc., (OTCBB:KWNS), http://www.kiwimobile.com, jointly announced today the signing of a Joint Venture Equity Agreement with privately held Singapore based telecommunications company E-Market Source Asia Pte Lte. (EMSA) wherein EMSA shall operate as KIWI Networks Solutions (Asia). EMSA has been granted the exclusive rights for distribution and operation of KIWI's devices and wireless transmission and applications services in Singapore - Malaysia - Indonesia - Thailand - Philippines - China & India. KIWI and EMSA will apply for a telecom operator's license - Service Based Operator (SBO) that will license ESMA and KIWI to sell Internet based Ip Telephony products and services. Under the agreement, KIWI shall receive 75% of the net revenues generated by EMSA. KIWI shall deliver five million (5,000,000) Common shares restricted under Rule 144 for 24 months in exchange for a 50% ownership in EMSA. Said ownership shall be subject to adjustment as may be required to comply with applicable foreign ownership rules in ESMA's jurisdiction. EMSA has been marketing telephony, internet and telecommunications services in Singapore since 1997 with existing revenue and a host of high pedigree enterprise clients in Indonesia. The management teams, lead by CEO Steven Saunders, have held senior management positions in US national telecommunications companies. EMSA's current enterprise clients include several dozen International Companies in Singapore, Indonesia, China and other regional markets. Steven Saunders will assume the role of President of KIWI Network Solutions (Asia) effective immediately. Bradley Wilson, KIWI's Chairman said, "E-Market Source firmly establishes KIWI as a regional Ip services player and device distribution contender in Asia." Steven Saunders said, "Our many years of active telecommunications service delivery in the Asian corridor are significantly enhanced by the technologies and applications that KIWI bring to the region." KIWI is perfecting an International Mobile Virtual Network Operator (IMVNO) platform that enables the delivery of http://www.kiwi.thetreaty.com 2-Way VOICE/VIDEO/AUDIO/DATA/SHORT MESSAGING over Internet Protocol, Cellular, Short Messaging, 802.11B and other networks. KIWI is finalizing the development of applicable devices and peripherals. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network company's such as Microsoft Corp. (NasdaqNM:MSFT), AOL (ISP) Time Warner Inc. (NYSE:TWX) and Covad Communications Group Inc. (OTCBB:COVD.OB).
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KWNS has been on fire ever since this release came out and this is just the start IMHO. Get ready for big moves, short covering and serious share price appreciation over the next few weeks.
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We have seen this make significant gains on news in the recent past, and it looks like they are laying the groundwork for something big. I am a total novice and can only post what any of us can find but what the heck. More news this morning: KIWI Network Solutions Inc. and Hashwani & Son Inc. Reach Joint Venture Memorandum of Understanding for the Country of Pakistan
FORT LAUDERDALE, Fla., Apr 29, 2004 (BUSINESS WIRE) -- KIWI Network Solutions, Inc., (OTCBB:KWNS) http://www.kwnsmobile.com, announced the signing of a Joint Venture Memorandum of Understanding with Hashwani & Son Inc., a private finance and technology distribution company based in Toronto with affiliate offices in Pakistan. The deal contemplates a revenue share agreement on the infrastructure sales, device sales and applications revenues generated once the new network is deployed and operational. The MOU represents the first step of a consortium being formed to include a series of new and emerging broadband transmission technologies and applicable wireless appliance technologies. The deal is conditional upon final board approval of each party and is subject to applicable jurisdictional licensing approvals. KIWI is aggressively pursuing joint ventures for its wireless technology on an international and domestic level. The company has recently announced the addition of two new advisory panel members, Michael Sauvante and Admiral Robert T. Reimann.
Hashwani and Son Inc. is managed by a number of financial, technical and political experts with extensive international legal, technical and transactional experience in telecommunications. For more information on Hashwani and Son Inc. please go to the following link: http://www.pendyluminternational.com/hashwaniandson.ppt
KIWI is perfecting an International Mobile Virtual Network Operator (IMVNO) platform that enables the delivery of 2-Way VOICE/VIDEO/AUDIO/DATA/SHORT MESSAGING over Internet Protocol, Cellular, Short Messaging, 802.11B/G and other networks. KIWI is finalizing the development of applicable devices and peripherals. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network
------------------ Dear Lord, Please help me to be the man my dog thinks i am.
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Just added more at these levels .085 as things are really looking up. Added some quality people with connections. Rumours of financing PR coming up and a deal with UPS . Big things ahead for this company, I,m thinking at least a 5 bagger from here in the next few months.
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Yes I would say a five bagger is very reasonable within the next few months, I think we will start to see this jump higher and remain very strong for the next several trading weeks.
This offer investors a stellar buy at current levels with exceptional upside potential IMO.