SOURCE: iPackets International, Inc.

February 08, 2007 09:45 ET

iPackets Orders NOBO List to Determine Actual Shares Outstanding and to Investigate Recent Trading Activity

VANCOUVER, BC -- (MARKET WIRE) -- February 8, 2007 -- iPackets International, Inc. ("iPackets") (PINKSHEETS: IPKL), a developer and provider of wireless communications software and equipment for the mining industry, announced today that it has ordered and is reviewing a NOBO list from ADP Investor Communications, as at January 31, 2007. The NOBO, which stands for Non Objecting Beneficial Ownership, list shows a more complete corporate ownership profile than provided by iPackets' transfer agent. In addition, iPackets ordered the shareholder account list, from ADP, which shows a total of 4,497 shareholders.

iPackets will compare the information provided by the NOBO list to other trading lists to determine if there are any peculiarities in light of the recent stock trading. At this point we are gathering information.

Mr. Naiel Kanno, president and CEO of iPackets, commented: "In going through this exercise, our primary interest is to protect our shareholders' investment and increase value. As we move forward with the recently announced Chinese Joint Venture and focusing on our revenue generation strategy, it will be very important that we maintain an accurate list of our shareholders and an effective communications channel with them on a continuing basis."

About iPackets International, Inc. and iPMine

iPackets International is a developer and provider of wireless communications software and equipment for the global mine-safety industry. iPMine, the company's flagship product designed to significantly improve the safety of miners and equipment, is a real-time two-way wireless communications solution that tracks, monitors, and communicates with miners and equipment underground and above ground. For more information, visit

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.

Contact Information

  • Contact:
    Allegiant Financial Group
    1 (604) 669-8098