SOURCE: AccessKey IP, Inc.

AccessKey IP, Inc.

April 20, 2010 09:30 ET

AccessKey IP President Issues Letter to Stockholders

ALBUQUERQUE, NM--(Marketwire - April 20, 2010) - AccessKey IP, Inc. (PINKSHEETS: AKYI) issued the following statements today which reads as follows:

Over a year ago we made the decision to move the company from pink sheets to the OTC BB. A significant amount of resources went into making this happen. We expected several things to happen with this move: an increase in the shareholder base with the greater exposure; additional capital opportunities; and an increase in shareholder value. At the same time we made the move about nine months ago, the economy took a nosedive and none of our strategies occurred. The decision to move back to the Pinks has been emotionally difficult and disappointing to our shareholders but we believe it to be in the best interest of the company to do so. There are no hidden agendas to fuel speculation. The same shareholders complaining about our voluntary withdrawal and move to the Pinks would have yelled and screamed as much or more had we done nothing and accepted an "E" for non filing. Considering the present financial condition of the company, it makes no sense to use what limited resources we have spending tens of thousands of dollars on audit related costs to maintain current filing requirements and compliance with regulations such as the Sarbanes-Oxley Act. We are committed to remaining current with our filings as required for pink sheet listed companies. We will file our year-end results, which as previously stated unfortunately are disappointing. Shortly thereafter the quarterly statements will be posted. We maintain our financial records in full compliance with and are prepared in accordance with generally accepted accounting principles (GAAP).

On a very positive note, we just returned from the National Association of Broadcasters (NAB) convention held in Las Vegas from April 12 - 15 where we débuted our patented Internet Protocol Television (IPTV) Security Technology. The results of the show, the leads and interest generated, far exceeded our expectations. We demonstrated AKYI technology and its versatility in delivering secure live content streaming over the Internet. The overwhelming positive response validated the fact that we are bringing cutting-edge hardware and technology to market. The "Key" as we are now referring to our USB device is definitely unique and is next generation technology. We are now actively communicating with TV Networks, Content Providers, TV Manufacturers, other Set Top Box Manufacturers and others, each of which represents significant revenue opportunities to implement our technology and services. We in fact, since our return, have been contacted and asked to present an onsite demonstration to one of the three major networks.

We also met with the principles of CSI Digital during NAB to review where we stand with our joint venture. We continue to move forward and are working in conjunction with CSI to obtain approvals from their network of content providers. We look forward to the associated opportunities.

Respectfully submitted;
Bruce Palmer, President

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 service provider network. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of Consumer Electronics and Business security needs. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.

Contact Information

  • FOR INVESTOR INQUIRIES CONTACT:
    AccessKey IP, Inc.
    Bruce Palmer
    (310) 734-4254, ext. 105

    FOR PRODUCTS:

    AccessKey IP, Inc.
    Grant Stevens
    Director Sales, Marketing
    (505) 999-1089
    grantstevens@accesskeyip.com