On September 13, 2004, the company issued a press release announcing the completion of a definitive agreement to acquire RFTune, Inc., a Canadian-based maker of "Smart Antenna" chips that provide a material improved performance for mobile handsets, PDAs, and laptops for less than 1/6th the cost of competitive products.

This could be more great news for investors! According to the press release, their smart antenna chips can increase network capacity, enhance the quality of voice and data services, expand cell phone communication range, and diminish signal fade and interference.

Jim Yim, CEO of RF Tune indicated its recently tested 2.4Ghz and 5.5 Ghz prototype chips fabricated in Taiwan tested positively for their intended applications. Patent applications for its products are pending in the U.S. and Canada.

Prof. Safavi-Naeini, who is currently the coordinator of the RF/Microwaves and Photonics Research group at the University of Waterloo (E&CE), said "Smart integrated multi-antenna radio system offers a very promising and perhaps the ultimate solution for significant capacity improvement and performance enhancements required for future generation wireless communication networks.

RFTune is just another and perhaps the most recent example of well-known UW approach to direct commercialization of research innovation and smooth transfer of technological know-how to society... "

Investors should continue to watch this company! Just recently we reported on the company`s press release announcing the introduction of CHL Technologies' in-house designed mobile auction platform, which allows Smart phone users to interact with online bidding systems.

The stock closed yesterday at Fifty-Five cents a share.