CEO of iPackets International Completes Eight-Day Business Development Trip to China
27 February 2006
iPackets International, Inc. ("iPackets") (OTC: IPKL), a global developer and provider of a wide range of wireless andcommunications solutions for selected enterprises including the miningindustry, announced today that the company's CEO has completed an eight-daytrip to China to support its customer acquisition, as well as sales andmarketing activities in the Chinese mine-safety market.
"The trip solidifies our commitment to accelerate our customer acquisitionstrategy in the Chinese mine-safety market, and to support the sales andmarketing efforts initiated by our distributor, iPackets International(China)," said Naiel P. Kanno, iPackets' president and chief executiveofficer. "iPackets and its hands-on local team in China met with largestate-owned prospects and sales distribution channels who expressedconsiderable interest in our iPMine mine-safety solution."
As a result of the trip, iPackets expects to issue several announcementsthat management believes will have a direct impact on faster-than-expectedmarket penetration and additional revenues in the near future.
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"While the recent mining accidents in the United States have opened upanother sales opportunity channel for us, we believe that focusing on theChinese mine-safety market is the right strategy," added Kanno.
About the Mining and Mine-Safety Industries in China
China comprises more than 280,000 mining enterprises, of which 80,000 arestate-owned. In February 2005, the Chinese State Administration of WorkSafety mandated US$6.3 billion to be spent over the next three years toimprove mine-safety at all state-owned mines. The Chinese government alsois offering all mining enterprises, whether state-owned or privately owned,a 15 percent tax credit incentive to upgrade mine-safety technologies.Mine-safety has been a major issue in the Chinese mining industry, withmore than 6,000 miners killed in mining-related accidents in China lastyear; independent estimates say the real figure could be as high as 20,000.
About iPackets International, Inc.
iPackets International is a global developer and provider of a wide rangeof wireless and communications solutions for selected enterprises includingmine-safety. iPackets' solutions utilize a breakthrough wireless technologyto manage data packets, reliably and efficiently, over any wireless networkand virtually on any wireless device. For more information, please visitwww.ipackets.com.
Certain statements included in this press release may constituteforward-looking statements within the meaning of the Private SecuritiesLitigation Reform Act of 1995. These forward-looking statements relate to,among other things, plans and timing for the introduction or enhancement ofour services and products, statements about future market conditions,supply and demand conditions, and other expectations, intentions and planscontained in this press release that are not historical fact and involverisks and uncertainties. Our expectations regarding future revenues dependupon our ability to develop and supply products and services that meetdefined specifications. When used in this press release, the words "plan,""expect," "believe," and similar expressions generally identifyforward-looking statements. These statements reflect our currentexpectations.
Contact:Allegiant Financial Group1 (866) 824 - 8227
SOURCE: iPackets International, Inc.
Source: marketwire
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