NEWPORT BEACH, Calif., Oct. 19, 2012 (GLOBE NEWSWIRE) -- AirTouch® Communications (OTCQB:ATCH) (www.airtouchinc.com), a supplier of innovative wireless telecommunications devices, today announced an executed Letter of Intent with Ibratele BRTEC Equipamentos de Telecomunicacoes Ltda. The Letter of Intent outlines the Company's plan to begin selling its line of SmartLinX™ devices into the Brazilian market in 2013. Under the terms, Ibratele will purchase the components or "knock down" parts for the AirTouch SmartLinX U250 and U350 devices. Ibratele will assemble the products at their plant in Sao Paulo. The product will be sold through Ibratele's distribution system and to Claro, a Telmex owned landline property in Brazil.
The Letter of Intent is subject to AirTouch's agreement to allow the product to carry an OEM brand or an Ibratele brand; AirTouch completing the product certification with Anatel; Ibratele confirming the final retail price for the units; and AirTouch providing technical assistance in setting up the assembly in Brazil. The Letter of Intent from Ibratele, subject to the conditions previously mentioned, has indicated that it expects its orders to be approximately $9 million for 2013.
"Ibratele is a tremendous partner for AirTouch, and our continued expansion of the SmartLinX™ product line into international markets is further testimony to the potential market share for AirTouch and increased value for our shareholders. I am looking forward to the success we will share in Brazil with Ibratele as our strategic partner and continued growth in our sector," stated Hide Kanakubo, CEO, AirTouch.
"Ibratele is pleased to provide the assembly and distribution for this wonderful new product. We believe this product can replace almost every cordless phone in Brazil with more features," said Edson Ferro, Superintendente, Ibratele.
About AirTouch® Communications
AirTouch® Communications, Inc. is engaged in the development and marketing of patented telecommunications devices capable of converging voice, data, video, security, entertainment and other advanced communications services from various service providers on one piece of hardware. We currently hold three patents for our unique combination of cordless telephone technology and wireless signal amplification which enables consumers and business to access voice, data, and other applications and services over the cellular wireless network. For further information about AirTouch Communications, please visit the web site: www.airtouchinc.com.
IBRATELE BRTEC –Equipamentos de Telecomunicacoes Ltda. was founded at the beginning of 1992. BRTEC the owner of the brands IBRATELE and IBRACLOCK, prides itself on being a company 100% national. It produces and distributes corded and cordless telephones (analogical and digital), fax machines, caller ID, wall-clocks and alarm-clocks, and also electro-electronics accessories for use in offices and homes. It develops its own products for the demanding and extensive Brazilian market, and exports to several countries in South America, Central America, North America and Africa. In addition, it serves a large number of international companies through its OEM system in Brazil and abroad. Its extensive and varied line of telephones put BRTEC-IBRATELE as one of the leaders in the Brazilian market. Its equipment is fully certified by Anatel and the demanding standards of the countries to which it exports.
In addition to enhancing clarity, even in areas where signal quality is weak, SmartLinX™ saves mobile minutes by using the consumer's landline rather than cellular plan. SmartLinX™ is powerful and versatile, enabling users to dial smartphone contacts directly through their landline while pairing up to eight smartphones on one base unit. SmartLinX™ is also a smart solution for home-based and small businesses, serving up to eight smartphones, with the ability to turn a smartphone into a virtual two-line phone, and built-in conference/intercom functions. In addition, SmartLinX™ can be used as a traditional landline phone even when no smartphone is present.
This press release contains forward-looking statements concerning AirTouch® Communications within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "would," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. The forward-looking statements in this press release include statements regarding expectations for our future financial performance, including but not limited to statements regarding the future distribution and sale of our telecommunications devices to Ibratele, purchase order(s) from Ibratele in the approximate amount of $9 million, the future distribution and sale of our telecommunications devices to the U.S. and Latin American markets, the demand for our telecommunications devices in the U.S., Latin America and other developing countries, and our ability to obtain purchase orders from U.S. and Latin American carriers. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the fact that we have no binding agreements with, or purchase orders from, Ibratele, any agreements or purchase orders from Ibratele are subject to the satisfaction of certain conditions, including, product certification and our agreement with Ibratele for an appropriate sale price, risks that orders from other customers may not increase or continue, absence of significant recurring purchase orders from any customer, the absence of any agreements or commitments at this time on the part of any customer to purchase our telecommunications devices, the risk that our telecommunications devices may not be accepted by the U.S., Latin American or markets in other developing countries and those other risks set forth in our annual report on Form 10-K filed with the SEC on March 21, 2012. AirTouch® Communications cautions readers not to place undue reliance on any forward-looking statements. AirTouch® Communications undertakes no obligation to update any of the forward-looking statements after the date of this release to conform those statements to reflect the occurrence of unanticipated events or otherwise, except as required by applicable law.
CONTACT: Investor Relations: First Level Capital 310.984.6990 Company: AirTouch(R) Communications, Inc. Jerome Kaiser, CFO (949) 825-6570 www.airtouchinc.comSource:AirTouch Communications, Inc.