FT. LAUDERDALE, Fla., Jan. 14, 2004 (PRIMEZONE) -- Koala International Wireless Inc. (OTCBB:KIWIE), http://www.kiwimobile.com, has announced today that it has changed its name to KIWI Network Solutions Inc. and that its new trading symbol is now KWNS (OTCBB:KWNS) effective immediately. The Company also stated that it expects to file its 10-KSB for the year ended September 30, 2003, within the next seven (7) days.
KIWI is perfecting an International Mobile Virtual Network Operator (IMVNO) platform to allow the delivery of voice, video, audio, data and Short Messaging over multiple networks. Concurrent with the IMVNO development, KIWI is pursuing the development of applicable devices to serve the network subscribers. The IMVNO infrastructure of KIWI is designed to offer infinite applications such as http://www.thetreaty.com over multiple protocols safely, securely and on demand. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network company's such as Microsoft Corp. (Nasdaq:MSFT), AOL (ISP) Time Warner Inc. (NYSE:TWX) and Covad Communications Group Inc. (OTCBB:COVD).
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "can," "anticipates," and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations.