NEWPORT BEACH, CA — (Marketwire) — 07/25/11 — (OTCBB: WXSS), effective July 25, 2011. AirTouch (Airtouchinc.com) develops and markets patented telecommunications devices that enable consumers and businesses to access voice, high speed data, and video over the cellular wireless network.
“We offer a wireless solution for people around the world to be connected with communication services as well as all other applications for various solutions over the air. The AirTouch name communicates our mission to deliver services and applications completely over the air,” said Hideyuki Kanakubo, founder and CEO of AirTouch and a former top executive of cordless phone leader Uniden.
AirTouch currently holds seven U.S. patents (three approved and four pending) for its unique combination of cordless telephone technology and wireless signal amplification.
While the demand for wireless substitution is accelerating in the U.S., AirTouch can tap into the ever growing pent up demand for rapid deployment of communication services internationally, Kanakubo pointed out. “There are billions of people who will never be reached by landlines, but who do have access to cellular networks,” he added. “We have a powerful, affordable solution for them, and our products once deployed will manage to furnish these people with access to an incessant array of applications available thorough over the air download.”
AirTouch has developed a wireless desktop unit for the home or office that is up to 10 times more powerful than a handheld cellular phone, without possible hazards of microwave radiation of cellular phones to fragile human tissues. This wireless unit serves as a base station for traditional cordless phones. More powerful units by AirTouch can deliver data, Internet, movies, interface to security services and TV.
In addition, AirTouch-s device has the capability to substantially increase wireless signals in areas of the U.S. where the signal is unreliable, which includes nearly 26 percent of the U.S. landline population inhabitants. Internationally, AirTouch is focused on the estimated two billion people who are expected to enter the middle income level within the next 10 years in countries such as Brazil, Russia, India, China (BRIC) and the Next 11 (N-11) countries such as Mexico, Turkey and Vietnam.
The name change to AirTouch was chosen to reflect the Company-s planned expanded scope of activities beyond the reach of hardwire communication infrastructure, traditional consumer electronics hardware play but into services and applications delivered over such devices, and free the people in the emerging countries from the physical limits to access services and applications so ubiquitously available in our advanced societies.
The company-s operating subsidiary was incorporated in 2008 under the name Waxess USA, Inc. in an attempt to capture the concept of “wireless access” technology as its enabling technology for converging services onto one consumer electronics hardware platform.
Upon learning that the AirTouch trademark was available, management decided that this mark better communicated its product and service message to potential customers in the many countries in which the company intends to deliver hardware and services.
CONTACT:
Jerome Kaiser
CFO
(949) 825-6572
Stephen D. Axelrod, CFA
Phone: (212) 370-4500
Fax: (212) 370-4505
Adam Lowensteiner
Phone: (212) 370-4500
Fax: (212) 370-4505
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