SOURCE: AccessKey IP, Inc.

November 12, 2009 09:00 ET

AccessKey IP, Inc. Develops and Employs a Conservative Yet Ambitious Strategy in Response to Changes in Global Economy

A Proactive Approach and a Return to Traditional Financing Practices in Response to Lower Consumer Spending

ALBUQUERQUE, NM--(Marketwire - November 12, 2009) - AccessKey IP, Inc. (OTCBB: AKYI), the developer, designer and producer of advanced entertainment and communication devices, today announces a dramatic, yet financially sound restructuring to best guarantee a healthy return in investment for its investors and shareholders.

It is no secret the financial climate and formerly accepted standard protocols have permanently and dramatically changed in order to stay in step with changing times. With capital and funding sources all but drying up, a paradigm shift in buying habits in the retail segment in general has presented the business community with challenges they had never dreamed would ever be realized.

Recent research data suggests the general trend among retailers is one of skepticism. An industry-wide reluctance to issue purchase orders, and a reliance on vendors to maintain inventories will remain the norm if this trend continues. Previous to the recent economic downturn, purchase orders from retailers were leveraged to finance production. As opposed to architecting a financial position that could financially jeopardize company stability in the event orders fail to materialize, the Company is approaching this coming holiday season in a conservative manner. Our penetration into the US retail market has been a challenge; however, based on recent activities, 2010's numbers are expected to improve significantly.

As a safeguard and to avoid resting the Company's financial health in the hands of a volatile economy AccessKey and TeknoCreations have invested extensively in research and development. For instance, the much anticipated set-top box technology is complete and as the middleware components are finalized, the Company is confident it will enjoy a significant and recurring revenue stream from its joint venture with CSI Digital.

Approvals from major content providers to utilize open Internet broadcasting for IPTV initiatives are being pursued to provide significant opportunities within this emerging industry, now only in its infancy. Discussions are also underway with manufacturers exploring the opportunity to integrate proprietary patented technologies into a variety of new products. Additionally, talks with several major studios and postproduction facilities are ongoing with regard to the IPTV technology and security.

TeknoCreations continues to develop innovative consumer electronics products and is devoting a large portion of its energy to concentrate efforts on products that have large consumer base acceptance. The finalization of all Apple licensed iPhone TekCase and similar BlackBerry TekCase products will prove to be a cornerstone in the New Year as they continue to perform as strong consumer categories. Current products, the InCharge inductive charging solutions, DSi and DS Lite TekCases, and our new mini KeyBoard will continue to be vigorously marketed.

In a turbulent economic climate along with dramatic changes in consumer spending habits, it is of paramount importance in knowing which decisions will best benefit the Company. We strongly believe a more conservative financial attitude for the end of 2009 will facilitate a more aggressive approach as the economy continues to rebound in 2010 and will realize significant revenue with greater profitability and increased shareholder value.

About AccessKey IP, Inc.

AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey™ products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home™ and portable flash drive-sized AccessKey PC™ allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and provider network. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of Consumer Electronics. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKey IP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Please visit the Company's websites,

Contact Information


    AccessKey IP, Inc.
    Bruce Palmer
    (310) 734-4254


    AccessKey IP, Inc.
    Grant Stevens
    Director Sales, Marketing
    (505) 999-1089
    Email Contact

    TeknoCreations, Inc.
    Mark Kasok
    VP Sales, Marketing
    (505) 404-1776
    Email Contact