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IPKL iPackets International Inc (CE)

0.000001
0.00 (0.00%)
17 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
iPackets International Inc (CE) USOTC:IPKL OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

iPackets International Enters the Untapped Multi-Billion Dollar Chinese Mine-Safety Industry by Signing an Exclusive Agreement

15/12/2005 1:06am

PR Newswire (US)


iPackets (CE) (USOTC:IPKL)
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VANCOUVER, British Columbia, Dec. 14 /PRNewswire-FirstCall/ -- iPackets International, Inc. ("iPackets") (OTC:IPKL), a global developer and provider of a wide range of wireless and communications solutions for selected enterprises, announced that it has signed an exclusive distribution agreement for its iPMine mine-safety product for the People's Republic of China and Mongolia. Under the terms of the agreement, a consortium of mainland Chinese businessmen have set-up a Beijing-based company that will operate under the name iPackets International (China) Inc. ("iPackets-China") and will be exclusively responsible for selling, marketing, and deploying the iPMine product. The agreement provides iPackets with a multi-million dollar revenue commitment over a 3-year period. "This agreement represents an important milestone to broaden and accelerate our customer and revenue acquisition strategy," said Naiel Kanno, president and & CEO of iPackets. "We are delighted that iPackets-China selected us and our mine-safety wireless product offering after exhaustive research." iPackets and iPackets-China are well positioned to capture a substantial market share of this untapped multi-billion dollar industry in China over the next 36 months. About the Mining and Mine-Safety Industries in China There are over 280,000 mining enterprises in China of which 80,000 are state-owned. Mine-safety has been a major issue in the Chinese mining industry. More than 6,000 miners died in accidents in China last year; independent estimates say the real figure could be as high as 20,000. In February 2005, the Chinese State Administration of Work Safety mandated US$6.3 billion to be spent over the next three years to improve mine-safety at all state-owned mines. About iPackets International, Inc. iPackets International is a global developer and provider of a wide range of wireless and communications solutions for selected enterprises including mine-safety. iPackets' solutions utilize a breakthrough wireless technology to manage data packets, reliably and efficiently, over any wireless network and virtually on any wireless device. For more information, please visit http://www.ipackets.com/. Contact: Allegiant Financial Group 1 (866) 824 - 8227 Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. DATASOURCE: iPackets International, Inc. CONTACT: Allegiant Financial Group, +1-866-824-8227, for iPackets International, Inc. Web site: http://www.ipackets.com/

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