POMPANO BEACH, Fla., Dec. 1, 2003 (PRIMEZONE) -- Koala International Wireless, Inc. (OTCBB:KIWI), a developer and integrator of web-based, wireless network applications and wireless device technology, announced today that the Former Principal Deputy Assistant Secretary of the US Navy, Richard L. Rumpf, has joined the KIWI Board of Directors. www.kiwimobile.com
Mr. Richard (Dick) L. Rumpf, President of Washington D.C. based Rumpf Associates International has agreed to join the board of directors of KIWI. Mr. Rumpf will augment the Company's pursuits on matters pertaining to KIWI's services and products for the US Military, US Government, and Corporate America. Mr. Rumpf is the former Principal Deputy Assistant Secretary of the US NAVY in the areas of Research, Engineering and Systems, PDASN, and acting ASN (RE&S). Mr. Rumpf is a consultant to a number of International Companies to include, Raytheon Co (NYSE: RTN), Lockheed Martin Corp (NYSE: LMT) and 3M Company (NYSE:LMT). He is also an advisor to a number of US Government DOD and DOE Laboratories. www.rumpfassociates.com
Harold Fischer, CEO of Koala stated, "Mr. Rumpf enables KIWI to open marketing avenues directly to our own military as well as military and maritime forces worldwide. He brings a breadth of experience in telecommunications procurement in the US Armed Forces."
Richard Rumpf stated, "The communications products, services and applications of KIWI are unique and represent a robust solution to a growing need for scalable and versatile mobile communications capability which will be beneficial to the armed forces and diverse enterprises."
Koala is developing an International Mobile Virtual Network Operator (IMVNO) platform to allow the delivery of voice, data and Short Messaging over multiple networks. Concurrent with the IMVNO development, Koala is pursuing the development of applicable devices to serve the network subscribers. The IMVNO strategy will enable subscribers to access the Internet, play and store MP3, utilize existing applications including calendaring, contact management systems, email and Short Messaging and additional functionality, some not currently available in the marketplace.
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.