Ft Lauderdale, Fla., March 11, 2004 (PRIMEZONE) -- KIWI Network Solutions, Inc., (OTCBB:KWNS) www.kiwi.thetreaty.com, announced the signing of a Letter of Intent with Boca Raton Florida based ZICON LLC., for pre-design, manufacture, manual preparation, packaging and distribution of the proprietary KEEWEE handheld communicator. The terms of the Letter of Intent are subject to final agreement between the two companies.
Harold Fischer, CEO of KIWI said, "ZICON is a leader in the manufacturing and distribution of related products as well as a dynamic turnkey solution provider in micro-electronics and communication hardware sector. ZICON provides KIWI with global manufacturing capabilities, distribution and fulfillment support."
Shimon Cohen, Vice President of ZICON LLC said, "The KEEWEE project is well within the scope and capabilities of ZICON's operating infrastructure. KIWI represents an excellent long term business relationship for ZICON and its global partners."
KIWI is perfecting an International Mobile Virtual Network Operator (IMVNO) platform that enables the delivery of www.TheTreaty.com's 2-Way Voice/Video/Audio/Data/Short Messaging over Internet Protocol, Cellular, Short Messaging, 802.11B and other networks. KIWI is finalizing the development of applicable devices and peripherals. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network companies.
ZICON LLC was founded in 1985 and now plays a major role in the business of subcontracting manufacturing for the electronics industry in Israel and the United States. The main business of ZICON is turnkey OEM solutions, subcontracting and outsourcing for many players in the Electronics Industry. To view some of ZICON's clients please visit www.zicon.com
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.