SOURCE: iPackets International, Inc.

April 10, 2007 09:46 ET

iPackets Provides Shareholder Update

VANCOUVER, BC -- (MARKET WIRE) -- April 10, 2007 -- iPackets International, Inc. ("iPackets" or the "Company") (PINKSHEETS: IPKL), a developer and provider of wireless communications software and equipment for the mine-safety industry, is pleased to provide the following shareholder update.

iPackets commenced trading on the Over-The-Counter market on March 22, 2007. The Company has retained the services of a management consulting group ("MCG") to advise it on the process of Form 2-11 submission in accordance with Rule 15c2-11. The Company has provided the MCG with a number of documents in relation to Form 2-11.

In the Company's March 14, 2007 press release, it announced that it is fully cooperating with the United States Securities and Exchange Commission (the "Commission"), and it had sent the Commission a number of documents. On March 15, 2007, the Company received additional inquiries from the Commission. The Company has submitted responses addressing the bulk of the inquiries and continues to work on the balance.

The Company has received a copy of the Chinese Joint Venture ("JV") Certificate of Approval, issued by the authorities of the Chinese government. This certificate concludes the establishment of the JV as a separate legal entity operating in the People's Republic of China. Each of the partners in the JV is in the process of delivering his contribution to the JV as stipulated in the JV contract. This means investment dollars from the other two partners, and intellectual property from iPackets' side. The Company is planning a trip to China in May 2007 timeframe.

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:
    Mr. Naiel Kanno
    President and CEO
    1 (778) 328-9005