SOURCE: AccessKey IP, Inc.

January 24, 2008 01:00 ET

TeknoCreations Appoints President

ALBUQUERQUE, NM--(Marketwire - January 24, 2008) - AccessKey IP, Inc. (PINKSHEETS: AKYI), the developer, designer and producer of advanced entertainment, communications, and security devices and its wholly owed subsidiary, TeknoCreations today announced that the firm has appointed Bruce Palmer as President of TeknoCreations. According to George Stevens, CEO and Chairman of AccessKey IP, "I am very pleased to announce this expansion of Bruce's responsibilities in our organization. His background includes senior management and financial positions in major retail companies such as Circuit City as well as experience in several technology firms. As such, he brings unique insight to this new role."

In conjunction with his new assignment, Mr. Palmer has prepared a brief letter to AccessKey IP shareholders. The letter reads as follows:

Dear Shareholders of AccessKey IP:

As the CFO of AccessKey IP, I have been involved with the company for some time. Recently I was asked to assume the additional responsibilities as President of AccessKey's consumer electronics division, TeknoCreations.

The TeknoCreations division was started in July of 2007. A great deal has been accomplished. We have already created, designed, tested and are bringing to market a variety innovative and unique new consumer technology products.

We're all very excited about the opportunity for TeknoCreations. Given the effort required to bring new products to market, I'm extremely proud of our team and what's been accomplished. For each new product, the required steps include: patent research, product design, technology implementation, manufacturing requirements, product testing, material sourcing, package design, etc. In a matter of a few short months we have four innovative products with Patent Pending technology:

InCharge      Inductive charging for game controllers
              (Nintendo Wii and XBox360)

rCommand      Wireless remote for iPod

TeknoVault    Computer security device

TekCases      Line of upscale leather case for Smart Phones
              (with a Tekno twist) to be announced

I am extremely enthusiastic about the prospects for both AKYI and TeknoCreations. Our team is dedicated to making this new venture a viable and highly profitable enterprise. And we are all committed to delivering exciting and innovative products which excite the market and bring value to our shareholders.

I look forward to the responsibilities and challenges of this position, and I'm grateful to the Board of Directors for the confidence the have placed in me.

Sincerely,

Bruce Palmer

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 patented technologies 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) through 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.

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.

FOR INVESTOR INQUIRIES: Please visit the Company's website www.accesskeyip.com

Contact Information

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