Trimax Corporation Signs Letter of Intent With Wavecomgroup, Egypt and Submits Tender to Egyptian Ministry of Communications & Information Technol
1 March 2006
Trimax Corporation and its wholly owned subsidiary,PLC Network Solutions Inc. (PLC) (OTC BB: TMXO), a leading provider ofBroadband over Powerline (BPL) communication technologies, announced todaythat it has signed a Letter of Intent to establish a Joint Venturepartnership with Wavecomgroup of Cairo. The two companies recentlysubmitted a tender to deploy a Broadband over Powerline technology pilot inthe Egyptian Ministry of Communications & Information Technology offices inCairo.
"The Ministry buildings will be an excellent showcase for our BPLtechnology and Wavecomgroup a valuable strategic partner," said DerekPepler, President, Trimax/PLC. "Egypt is a regional hub connecting theMediterranean, Europe, Asia and the Arab World. It is quickly becoming thecentre for telecom and IT in the Middle East and North Africa. The Egyptiangovernment has been totally committed toward the liberalization of alltelecom sectors and to improve the quality and variety of services,strengthen the market-driven economy and keep up with the demands ofglobalization to transition it into an information-based society that bestmeets the needs of its 70 million citizens."
Dr. Tarek Kamel, Minister of Communications and Information Technology,recently announced with Jean-Philippe Courtois, President of MicrosoftInternational, the launch of a new low-cost and easy-to-use personalcomputer. The Windows XP Arabic version Starter Edition is developedespecially for Arab users by a group of the corporation's experts abroadand with the help of a development team based in the company's innovationcenter located in the Smart Village in Egypt. Industry experts expect thelow-cost PC Initiative will be as successful as the government's "PC4EveryHome" program which provided more than 250,000 PCs for low-incomeEgyptian families. Launching these low-cost, easy-to-use computers is a bigstep towards raising the penetration rate of PCs and internet users,developing Egyptian society and bridging the digital divide.
About Trimax/PLC Network Solutions Inc.
Trimax/PLC Network Solutions Inc. specializes in Broadband over Powerline(BPL) technologies. This technology has been successfully deployed in over25 countries around the globe, in homes, apartments, office towers,schools, hotels, hospitals, museums and Government buildings. Trimax andPLC Network Solutions offers a range of broadband over power-linesolutions, which includes offering secure 128kb high-speed Internet access,VoIP services and soon to be offered IPTV technology. The company believesthat BPL will be the next widely accepted communications technology. Trimaxand PLC Network Solutions anticipates that the company and its devices willbe at the forefront of this new technology revolution, which will includeexpanding its reach throughout the world.
For More Information Please Visit (http://www.plcnetsolutions.com/)
About Wavecomgroup
Wavecomgroup set standards as a professional consultancy in the fields ofBroadcasting, Telecommunications, Test & Measurements, Multimedia,Education, Instrumentation and Professional Systems. WAVECOMGROUP is aninnovator and leader in the performance and integration of differentcommunications technologies. The expertise gained has given the firm astrong local and international client base and a "can do well" reputation.WAVECOMGROUP believes their industry has no boundaries and they arecontinually striving to develop and implement new and unprecedentedpractical design solutions.
Safe Harbor
This news release contains forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995 (The "Act"). Inparticular, when used in the preceding discussion, the words "pleased""plan," "confident that," "believe," "expect," or "intend to" and similarconditional expressions are intended to identify forward-looking statementswithin the meaning of the Act and are subject to the safe harbor created bythe Act. Such statements are subject to certain risks and uncertainties andactual results could differ materially from those expressed in any of theforward-looking statements. Such risks and uncertainties include, but arenot limited to, market conditions, general acceptance of the company'sproducts and technologies, competitive factors, the ability to successfullycomplete additional financings and other risks described in the company'sSEC reports and filings.
Contact:PLC Network Solutions, Inc.Investor RelationsTel: 1-416-368-4060Toll Free: 1-877-368-4060http://www.plcnetsolutions.com
SOURCE: Trimax Corporation
Source: marketwire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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