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Business Editors / Telecommunications Writers
TUCSON, Ariz.--(BUSINESS WIRE)--May 5, 2006-- Cell Wireless Corp. (Pink Sheets: CLWL) announced today that it has signed a Letter of Intent to merge with Bond Wireless (www.bondwireless.com). Bond Wireless is an award-winning leading provider of mobile messaging solutions, providing international SMS connectivity, mobile messaging applications, integrated products, and consultancy services to small, medium, and large enterprises in more than 150 countries and 500 network operators and carriers. Bond Wireless is a Microsoft Certified Partner and a Sun iForce Microsystems Partner. John Bohringer, chief executive officer of Cell Wireless Corp., said, "The merger is an excellent marriage for Cell Wireless' existing business." He said, "The Bond Wireless product applications are currently being distributed in the USA, Australia, Thailand, Malaysia, Singapore and Europe." Bond Wireless currently holds a patent on SMS Authenticate and Verify (SAV) which is a server-based module that provides the ability to send secure SMS. Messages are encrypted when sent to recipients and can only be retrieved with the correct password sent from their cell phone (caller ID is used). Bohringer also stated, "Dr. Clarence Tan, BSEE (Comp), MSISE, MBA (USC), Ph.D., FACS, F FIN (Aust), F.Inst.BA (UK), will become an officer and will be invited to join the Cell Wireless Corp. board of directors." Tan, previously an associate dean and currently an adjunct professor at Bond University's Faculty of Business, Technology and Sustainable Development, has worked for a number of multinational corporations, including Citicorp/Citibank in Hong Kong, Malaysia, and was manager of Citibank's Foreign Exchange Strategic Positioning and Technical Trading Unit in New York. Tan, who is chairman, founder and chief executive officer of Bond Wireless, said he is excited about the merger of the two organizations and believes the new combined company will be a major force in the industry. Cell Wireless Corp. is one of the fastest growing telecommunication companies in the world providing discounted long distance telephone minutes, SMS text messaging and free VoIP PC to PC calls, free VoIP conference calls and free VoIP chat rooms to the global community. The company has developed a dynamic marketing and sales program designed to create exceptional growth, and currently has more than 153,000 customers in 260 telephone destinations throughout the world. Cell Wireless recently announced that it will be releasing its new state-of-the-art mobile WiFi cell VoIP phone in the near future. The new phone will allow customers to use the Cell Wireless cutting-edge VoIP software and telephony technology when they connect to any public Internet "Hot Spot" such as airports, hotels, coffee shops, and more.
Safe Harbor Statement
Note: 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 Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. CLWL undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
KEYWORD: NORTH AMERICA ARIZONA UNITED STATES INDUSTRY KEYWORD: TECHNOLOGY INTERNET TELECOMMUNICATIONS MERGER/ACQUISITION SOURCE: Cell Wireless Corp.
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