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[QUOTE]Originally posted by J_U_ICE: [QB] TTEN (.10) Signs Letter of Agreement With Infox Holdings -- a High-Tech Company in Guangzhou, China Market Wire "US Press Releases " WASHINGTON, DC -- (MARKET WIRE) -- 11/07/06 -- Tech 10, Inc., a wholly owned subsidiary of Ten & 10, Inc. (PINKSHEETS: TTEN), announced today a Letter of Agreement has been signed to enter into a Strategic Joint Venture Agreement ("SJV") with Infox Computer Service Co., Ltd. (ICS), dba Infox Edge Communications (IEC). ICS, a comprehensive high-tech company in Guangzhou, Guangdong Province, China, has successfully developed several hardware and software products, which received major awards in China including the National Innovation Fund in 2002 and the National Key New Product in 2003, and has signed several related contracts and strategic relationships with regards to these products including a contract with Ericsson and a preliminary written Agreement with the Guangdong Branch of China Mobile. IEC is a wireless technology provider of Mobile Streaming Service Platform based Multimedia Processing System in PRC China. IEC is seeking a partner with wireless expertise that can provide technology adaptation, financing, project management, marketing and distribution for IEC products and technology in the western, southern, mid and eastern parts of the USA. These products, its intellectual properties and contractual relationships will be assigned to Infox Edge Communications a wholly owned subsidiary to be created for the purposes of receiving foreign investment and investors in China (WOFE) -- Wholly Owned Foreign Enterprise. Under the terms of the Agreement, both parties intend to execute a full SJV agreement. As a condition of the SJV, IEC will assign specific current and future customer service contracts to the joint venture, entitling Ten & 10, Inc. to fifty-two percent (52%) of the net proceeds derived from those service contracts. In consideration of IEC assignment of the customer service contracts, Ten & 10 agrees to invest working capital into the SJV. Ten & 10 also agrees to negotiate a representation agreement, that allows Ten & 10 to market and sell the products by way of its other subsidiaries. Ten & 10's President, Curtis Pree, stated, "We are preparing to begin due diligence and are hopeful that this will be a long and profitable relationship with Infox." "SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. Contact: Jack Eversull Investor Relations The Eversull Group Email Contact: Email Contact 972-991-1672 (office) 972-991-7359 (fax) Barbara Manui Investor Relations Blue Future P.O. Box 286392 New York, NY 10128 Email Contact: Email Contact 212-423-0407 [/QB][/QUOTE]
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