ALBUQUERQUE, N.M., June 8, 2009 (GLOBE NEWSWIRE) -- AccessKey IP's (Pink Sheets:AKYI) subsidiary TeknoCreations announced a clarification today regarding an announcement by Underwriters Laboratories (UL) dated June 5, 2009 regarding "TeknoCreations" Video Game Handle Chargers. A limited number of The Video Game Handle Chargers developed by TeknoCreations Inc. InCharge for the Nintendo Wii Product # ICWII200 & ICWII200FR and for Microsoft Xbox Product # ICX360500, ICX360500FR were mislabeled with the UL(r) mark.
In October 2008 Underwriter Laboratories production inspectors found that limited quantities of TeknoCreations' products were incorrectly labeled with the UL(r) mark. Immediately upon notification, TeknoCreations corrected this issue and a subsequent inspection was done by UL inspectors and the current products and packaging are in full compliance. TeknoCreations Inc. InCharge for the Nintendo Wii Product # ICWII200 & ICWII200FR and for Microsoft Xbox Product # ICX360500, ICX360500FR include an AC adaptor which is UL(r) approved.
The mislabeled products are DC powered and do not require UL(r) approval. The AC power adaptor which requires UL(r) approval are UL(r) certified. There are no consumer safety issues; there is no action required by the UL or consumers; and in no way should there be a lack of confidence by consumers or retailers in the Video Game Handle Chargers manufactured by TeknoCreations. Less than 6,000 out of more than 70,000 units were mislabeled.
Bruce Palmer, TeknoCreations President stated, "We are obviously concerned with this situation and have done everything possible to comply with the UL to resolve this issue. Most importantly is the fact that consumer safety has not been compromised."
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey(tm) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(tm) and portable flash drive-sized AccessKey PC(tm) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of Consumer Electronics and Business security needs. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.
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Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKey IP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Please visit the Company's websites www.accesskeyip.com; www.teknocreations.com