KIWI Announces $8 Million Beta Contract in KUWAIT as first step to USD$150 Million National Rollout
Friday August 6, 9:35 am ET TORONTO, Aug. 6 /PRNewswire-FirstCall/ - KIWI Network Solutions, Inc., (OTCBB: KWNS - News) a broadband infrastructure and service provider working in partnership, announced today that it has completed an $8 million contract with Teltek Canada Inc. (www.teltekcanadainc.com) to supply broadband platform, devices and applications for initial deployment in Kuwait City, Kuwait.
Derek Pepler, Director of KIWI, stated, "The $1.3 Million in this contract will enable KIWI to more rapidly convert our technology and applications for use specifically in Kuwait."
Mr. Al-Shaibani CEO of Teltek stated: "The contract, when successfully financed and deployed, serves as a first step towards an estimated national rollout of the partnership devices and applications of approximately USD$150 Million for Kuwait."
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 :
Mr. Derek Pepler
Director, KIWI Network Solutions Inc.
Direct Line 416 271 2514
Email: dpepler@equigenesis.com
KIWI Announces DEVICE and Distribution JV Agreement with Torex Technologies Inc. for the Canadian Market
Thursday August 5, 8:30 am ET
TORONTO--(BUSINESS WIRE)--Aug. 5, 2004--KIWI Network Solutions, Inc., (OTCBB:KWNS - News) has completed a Joint Venture Contract with Torex Technologies Inc. of Calgary Alberta Canada to distribute a series of handheld Canadian Radio and Telecommunications Commission (CRTC) approved and certified devices in Canada. The devices will be offered to cellular carriers and other Network Operating companies in Canada on an exclusive basis through KIWI in Late 2004. Torex has consolidated a series of exclusive devices and handheld wireless communications distribution agreements and has delivered a number of technologies that will accelerate KIWI's Device initiatives and the Company's business plan.
Torex Technologies Inc., is an OEM system integration and consulting firm and is affiliated with Evolution Research Labs Inc. (ERL) of Calgary, Alberta. The combined Torex/ERL profile provides the Joint Venture with additional technology integration experience and a bona fide revenue generating opportunity for KIWI and Torex collectively.
KIWI Network Solutions Inc. is a developer of proprietary and third party devices and peripherals that are enabled to deliver 2-Way voice, video, audio, data and short messaging over 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:
KIWI Network Solutions Inc.
Derek Pepler, 416-271-2514
dpepler@equigenesis.com
KIWI Network Solutions Announces Delisting of Unauthorized Listing on Berlin-Bremen Stock Exchange
Wednesday July 21, 9:11 am ET
JERSEY CITY, N.J.--(BUSINESS WIRE)--July 21, 2004--KIWI Network Solutions, Inc., (OTCBB:KWNS - News) announced today that it has recently requested and received notification that the Berlin-Bremen Stock Exchange has ceased trading and agreed to delist KWNS stock following its recent listing on that exchange without the consent or authorization of the Company.
According to Diego Roca, KIWI Network Solutions Chief Executive Officer: "The Company has never applied for a listing on the Berlin-Bremen Stock Exchange and was never notified that the listing had occurred. We were surprised by the action of the Berlin-Bremen Stock Exchange to list KIWI Network Solutions stock without authorization. Furthermore, there are widely reported and serious concerns about the motivation behind those people initiating such actions."
The Financial Times of London recently reported that the Berlin-Bremen Stock Exchange is being used to circumvent new US regulations aimed at barring a form of share price manipulation, according to several small US companies which have suddenly found their shares listed on it.
In this article it states that these Berlin listings came just weeks before a new Securities and Exchange Commission rule on so-called naked short selling. Under the new rules, those seeking to sell shares short must be able to demonstrate that they are able to gain access to the securities within two days. However, the rules contain a loophole for what are deemed to be genuine arbitrage trades, defined as short sales in shares that are listed on another stock exchange.
For additional information about KIWI Network Solutions, Inc., please see our website at http://www.kwnsmobile.com
Contact:
KIWI Network Solutions, Inc., New York
Diego Roca, 917-331-4321
ceo@kwnsmobile.com
http://www.kwnsmobile.com
Ibacus Networks Announces $16 Million in Contracts in Yemen and Qatar
Tuesday July 6, 8:30 am ET
TORONTO--(BUSINESS WIRE)--July 6, 2004--Ibacus Networks Inc., (www.ibacus.com) a wholly-owned subsidiary of KIWI Network Solutions, Inc., (OTCBB:KWNS - News; http://www.kwnsmobile.com/) and ICE9 Technologies Canada Inc. and Teltek Canada Inc., acting in a partnership announced today that they have completed two individual $8 million contracts totaling $16 million to supply broadband platform, devices and applications for initial deployment in Sana'a, Yemen and Doha, Qatar. The customers in the respective countries are Adnan Oilfield Services on behalf of Yemen International Telecommunications and Qatari-Industrial on behalf of Qatar Telecommunications. See customers' URL: www.qatari-industrial.com
John Rinella, President of Ibacus, stated that, "An additional $3.6 million will enable Ibacus to more rapidly convert our technology and applications for use in both Yemen and Qatar. Subsequently, the contract provides for a national rollout of our devices and applications in each of these countries."
Ibacus Networks Inc. is a developer of proprietary and third party devices and peripherals that are enabled to deliver 2-Way voice, video, audio, data and short messaging over Non-Line of Site 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:
Ibacus Networks Inc., Toronto
John Rinella, 905-782-1004
jrinella@ibacus.com
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