Seamless Internet, Inc. Obtains Debt Financing for the First Production Run of the S-XGen(TM)
2007-04-23 16:18 ET - News Release
LAS VEGAS, NV -- (MARKET WIRE) -- 04/23/07
Seamless Wi-Fi, Inc. (OTCBB: SLWF) subsidiary Seamless Internet, Inc. has obtained debt financing through DLR Funding, Inc. (www.dlrfunding.com) for the first production run of the S-XGen(TM). The first run will begin May 1, 2007 and be completed by the end of May 2007, with unit delivery starting June 1, 2007.
"This is our start-up production run for the S-XGen(TM)," stated John Domerego, President of Seamless Internet, Inc. "Since the unveiling of the S-XGen(TM) at CES in January 2007 we have been making improvements to the design an functionality of the S-XGen(TM) and have improved the GPS system and keyboard design of the S-XGen(TM). We feel these changes which were incorporated in the units presented to Remtech (www.remtech.com), our distributor in Great Britain, have verified the S-XGen(TM) improved functionality and durability of our new designs. Since this is our first production run, we will only be producing 500 units to ensure the line's quality control. We will also be contacting our current client list and arranging for partial delivery toward each of their purchase orders."
About Seamless Wi-Fi:
Seamless Wi-Fi, Inc. (www.slwf.net) is a Las Vegas-based company listed on the Over-The-Counter Bulletin Board under the symbol SLWF. Seamless Wi-Fi develops and markets secure cutting-edge internet communications products and services through its three operating subsidiaries: Seamless Skyy-Fi, Inc. (www.skyyfi.com), Seamless Peer 2 Peer, Inc. (www.seamlessp2p.net) and Seamless Internet, Inc. (www.seamlessinternet.com).
Seamless Skyy-Fi is forging a network of Wi-Fi hotspots in targeted geographic and vertical markets across the country and has achieved initial success providing hotel and retail Wi-Fi hotspots and is developing the "Secure Internet Browsing" Wi-Fi encryption software program "SInB(TM)."
Seamless Peer 2 Peer has developed and launched Phenom(TM) V3.0, its Secure Peer 2 Peer Virtual Internet Extranet encryption software, which provides SOX and HIPAA-compliant internet communications over standard internet services.
Seamless Internet is manufacturing and marketing the S-XGen(TM) Ultra Mobile Personal Computer and Communications Device including a 3G phone that combines portability, connectivity, processing power and entertainment capabilities for the ultimate road-warrior laptop replacement. Seamless Internet also provides secure hosting services for all Seamless Wi-Fi company clientele.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Seamless Wi-Fi or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, such statements in this release that describe the company's business strategy, outlook, objectives, plans, intentions, or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, and risk inherent in the operations of a company. We assume no obligation to update any written or oral forward-looking statement made by us or on our behalf as a result of new information, future events or other factors.
Contact Seamless:
Rich Schineller
646.257.3969
rich@slwf.net
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