MISSION VIEJO, CA — (Marketwire) — 07/14/11 — 5BARz International Inc. (OTCBB: BARZ) (hereafter “5BARz” or the “Company”) is pleased to announce that the Company has received a purchase order for delivery of 16,000 units of the 5BARz Road Warrior, which represents the entire production for 2011. The revenue generated from this sale will be US$3.2 million.
Mr. Edgar Quevedo, President and CEO of IQ Electronics in Mexico, states: “We are very excited to be the first Company to introduce the 5BARz Road Warrior into the Latin American marketplace. A key factor for us in making our purchase decision was the successful outcome of testing conducted by several major cellular network operators in the region that analyzed the 5BARz Road Warrior performance in their labs. The results of the testing process exceeded everyone-s expectations. We are optimistic that this purchase will represent the first of many purchase orders as 5BARz rolls out its product line for 2012.”
Mr. Daniel Bland, President and CEO of 5BARz International Inc., further comments: “Our initial sales and marketing focus has been the Latin American marketplace, as we have identified a significant need for the 5BARz product in that region. The response has been very positive from several distributors and major cellular network carriers. We are very pleased to have IQ Electronics as our first distribution partner, as we embark upon this significant step in making the 5BARz products available globally.”
5BARz International Inc. holds the exclusive global marketing and distribution rights and holds a 50% ownership interest in the technology underlying the 5BARz products. 5BARz is a cellular network extender for use in the small office, home and mobile market places. 5BARz incorporates a patent-pending technology to create a highly engineered, single-piece, plug -n play unit that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity.
5BARz International Inc.-s shares are publicly traded on the OTCBB under the ticker symbol BARZ in the US and on the Berlin Stock Exchange () under symbol “O5B.”
IQ Electronics, is a leading electronics firm with 1,500 employees and operations in 7 countries, in Latin America. The Company-s head office in Mexico City, was founded in 2000, and has developed a core expertise in remanufacturing and logistics for the electronics industry, with a substantive number of major wireless customers. The Company has expanded their business to include retail distribution of cellular devices in the region, including exclusive distribution agreements, with manufacturers of cellular devices from China.
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward — looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward — looking statements whether as a result of new information, future events or otherwise.
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