TORONTO, March 24, 2003 (PRIMEZONE) -- Witnet International, Inc. (OTCBB:WTNT) announced today that it has completed development of its new wireless VoIP softphone and system.
Witnet's latest product is called "ModaPhone"; a wireless VoIP solution which allows phone calls from wireless PDA's (Personal Digital Assistant) over the Internet. The Company plans to offer ModaPhone for Windows CE, Linux, and other operating systems.
ModaPhone supports real-time multimedia interaction between users during a call session. The multimedia features or "modes" include real-time whiteboard drawing, still image sharing, and video; making a PDA capable of being a wireless videophone.
The VoIP call session from the PDA can be made to another computer with the ModaPhone software or even to another telephone or cellular phone. Additionally, the same capability is made for any home or office computer with the software installed.
The multimedia wireless "phone" works over wireless Internet systems such as the GPRS (TDMA) and CDMA IX networks as well as 802.11 and Wi-Fi.
Mr. Mun Su Han, President of Witnet has recently completed an initial round of demonstrations of the technology to various telecommunications companies, re-sellers, systems integrators, equipment manufacturers and potential strategic alliances throughout North America.
"I am extremely pleased to enhance our product line through the introduction of ModaPhone to the market place and believe that these products will have broad market appeal," said Mr. Han.
Mr. Jason Chung, CFO added that he believes that he has successfully identified several sub-licensee interests and will soon announce the first North American contract of the company's technologies.
The Company continues to market its main products in the wireless Internet space for PDA's such as "Mobilick" however; this latest development could help Witnet move into broader market territory as VoIP is already regarded by many industry experts as the framework for the future of telecommunications.
In addition to the ModaPhone Soft Phone software solution, Witnet and its partners have developed an SIP Client Toolkit (including light-weight SIP stack) for PDAs and IP Phones as well as SIP Server Toolkit (highly scalable multi-threaded SIP stack) for high-end Media Gateways, Softswitches, Application Servers. Both SIP stacks included in these toolkits conform to up-to-date IETF standard RFC 3261, which specifies baseline functions of SIP.
Based on these toolkits, the Company will offer IP-based Office Communication Solution, which helps enterprise users reduce communication costs and deploy various value-added services rapidly. This solution includes Soft Video Phone for PC/PDA, used to support voice/video/data communications with colleagues -- in the enterprise or with others outside - and an Office Comm. Server, used to support registration of the user's location, user's personal call control and management of voice/video messages recorded while the recipient can't answer the call.
About Mobilick:
Mobilick allows control over Internet-connected PCs through PDAs (Personal Digital Assistants) that are connected to the wireless Internet.
By applying thin computing solutions, users can run complex applications via PDAs while using only the minimum system resources of PDAs.
Mobilick was launched in Japan and Korea late last year and is now being introduced in North America. http://www.mobilick.net or http://www.mobilick.net/eng/home.html
About Witnet:
Witnet International Inc. (OTCBB:WTNT) is a software development company with offices in Seoul, South Korea and Toronto, Canada. Business partners include HP Japan and South Korea, LG Telecom and other major technology companies.
More information about Witnet and its products can be found at the Company's Website, http://www.witnet21.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any forward-looking statements.