TORONTO, ONTARIO — (Marketwire) — 07/19/11 — Wireless Age Communications, Inc. (PINK SHEETS: WLSA) (“Wireless Age” or “the Company”), a public company, is pleased to announce today that it has entered into a guaranteed two-year Sales and Distribution Agreement with Ontario Consumers Home Services Inc., (“OCHS” or “the Company”).
OCHS was founded in 2007 with its main core operational focus being outsourced direct sales, marketing and customer acquisition. The senior management team of OCHS has collectively over 25 years experience in the retail gas and electricity sector and have acquired over 300,000 customers since inception. OCHS has redirected all efforts in establishing and deploying their sales infrastructure to the home services industry primarily focusing on energy retrofit equipment such as energy efficient water heaters, furnaces, air conditioning and air filtration products. This agreement allows both companies to create a very strategic partnership that will greatly benefit each group by leveraging each other-s strengths and resources to generate revenue very quickly for Vertility Technology. The projected 12-month revenues for this partnership alone are anticipated to exceed over $20 Million.
OCHS will receive 6 million warrants based on performance achieved with an initial performance target of $12 million in revenue.
John Simmonds, CEO of Wireless Age Communications, Inc., stated, “We are very proud to have solidified this agreement with OCHS. There are very few organizations in the direct marketing industry that have acquired as many customers as they have over a five-year period. The level of marketing expertise that OCHS brings to table is invaluable and will result in a significant amount of profitable revenue for Wireless Age both short and long term. Furthermore, as a pillar to our overall corporate vision, we believe the reduction in greenhouse gases and CO2 emissions that result from this partnership creates an intangible value for generations to come.”
Vitali Godonooga, President of OCHS stated, “This partnership with Wireless Age provides extraordinary value to every level of our organization. With the support and resources that Vertility Technology provides, we believe there will be a very strong response from our teams. Also with the release of the Federal Budget approving the extension on the ecoEnergy Retrofit Program to fund $400 Million for home energy retrofits, we believe we are well poised for growth. In short, we are very excited about this partnership and anticipate some significant results that will only help increase shareholder value.”
About Wireless Age Communications:
Wireless Age brings together technologies and companies focused on innovative and cutting edge energy and environmental solutions. Business lines range from the marketing and installation of energy efficient household products, to the design, manufacture, and installation of waste handling and remediation systems. Wireless Age is positioned to benefit from the momentum building in the rapidly growing “green” and “renewable energy” marketplace.
Note: This press release contains “forward looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management-s views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Wireless Age Communications, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management-s ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company-s ability to retain key management and employees; intense competition and the company-s ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Wireless Age Communications, Inc. SEC filings. Wireless Age Communications, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications, Inc.-s business, please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications, Inc.-s SEC filings.
Contacts:
Contact:
DC Consulting
407-792-3332
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