SOURCE: AirTouch Communications
NEWPORT BEACH, CA--(Marketwire - Aug 15, 2012) - AirTouch® Communications (OTCQB: ATCH) (OTCBB: ATCH) (www.airtouchinc.com), a supplier of innovative wireless telecommunications devices, is today providing a shareholder update.
"AirTouch is at a pivotal point in the Company's history," stated Mr. Hideyuki Kanakubo, President, CEO and Director of AirTouch Communications. "We believe in the SmartLinX™ device and have been very pleased with the ultimate customer reception from initial sales to Telmex, the leading landline provider in Latin America, and multiple established distribution partners in the United States. To date we have been focused on continuing to move these working relationships forward and our goal is to continue aligning ourselves with the right partners as we expand globally."
Mr. Kanakubo continued, "The SmartLinX™ customer feedback on our introductory sales has exceeded our expectations in two current focus markets, Latin America and the United States. After specifically developing the technological capability of the SmartLinX™ device for Telmex, we have been working closely with their team to educate the consumer on the significant benefits. We are encouraged by the revenue generation thus far from the initial sale of SmartLinX™ product which increased total revenue for the 2012 second quarter 118% year-over-year. We anticipate continuing to increase our revenue as we gain traction in the U.S. and Latin America while making inroads into the Asian markets during the second half of 2012."
- Named Supplier of SmartLinX™ Product to Telmex in Latin America: We shipped an initial order to Telmex in June.
- SmartLinX™ is a Landline Retention Tool: We believe that telecom landline operators view the product as a key tool to retain landline customers who would otherwise switch to their mobile phones.
- Distribution of SmartLinX™ in U.S.: AirTouch has announced distribution agreements with TeleDynamics, an award-winning wholesale supplier of telecommunications products, and GetWireless, a cellular solutions distributor.
- Shipment of HomeConneX Device to Unicell in Africa: Unicell has placed an initial order for the purchase of 1,000 units of the HomeConneX®. Through their distribution partner, Unicell, AirTouch intends to sell the HomeConneX® to several mobile operators including Airtel, Tigo, Glo and Vodafone.
Two Product Segments:
SmartLinX™: This product bridges the gap between smartphones and landlines. Users are now able to make calls over their landline using home or office Wi-Fi networks. The ultimate goal is to launch the device globally with software applications currently under development by AirTouch on their proprietary Global Device Management System (GDMS). Visit AirTouch's corporate website at http://airtouchinc.com/wireless-devices.php to view a video of the SmartLinX product.
HomeConneX®: This product combines cordless phone technology with up to 10 times more wireless signal amplification. Unlike other products in the marketplace, only HomeConneX® offers both voice and data capability. This device provides a better option for poor signal quality and call dropping areas as well as areas with limited or no landline infrastructure.
Revenue for the Period Ending June 30, 2012:
Revenue for the second quarter ending June 30, 2012 totaled $545,444, an increase of 118%, as compared to $250,499 for the same period the year prior. Revenue for the six month period ending June 30, 2012 totaled $773,667, an increase of 62.1%, as compared to $477,217 for the same period the year prior. The increase year-over-year during both periods reflects the sale of the SmartLinX™ product.
For full company financial results please refer to the Company's filings with the SEC at www.sec.gov.
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. The company has three patents and six pending for the unique combination of wireless telephone technology and signal amplification, which enables consumers and small businesses 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.
This press release contains forward-looking statements. These statements relate to future events or our future financial performance, including the future distribution and sale of our telecommunications devices to the US or developing countries. These statements involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements, including the risk that we may not receive significant follow on orders from Telmex or Unicell, the risk that we may not be able to obtain the additional capital we require to maintain our current level of operations and the risk that orders may not increase or continue, absence of significant recurring purchase orders from any other market, the absence of any agreements or commitments at this time on the part of any carrier to purchase our telecommunications devices, the risk that our telecommunications devices may not be accepted by the public and those other risks set forth in our annual report on Form 10-K filed with the SEC on March 21, 2012. 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. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. We undertake 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.