POMPANO BEACH, Fla., Dec. 2, 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 Former Vice Admiral of the Atlantic Fleet Naval Surface Force Henry C. Giffin lll has joined Koala International's advisory board. www.kiwimobile.com
Vice Admiral Giffin was promoted to Flag Rank in July 1992 and completed his first Flag Officer assignment in November 1994 as Assistant Chief of Staff, Logistics, Allied Forces Southern Europe. Assigned as Commander, Cruiser Destroyer Group Two in March 1995, he deployed to the Mediterranean as commander, George Washington Battle Group, and earned his second star in June 1995. In September 1996, he assumed duties as Deputy and Chief of Staff, United States Atlantic Fleet. He was promoted to Vice Admiral and assumed command of the Atlantic Fleet Naval Surface Force of July 1, 1997.
Harold Fisher Koala's President commented, "Having Vice Admiral Giffin as an advisor to Koala's Board of Directors adds more fire power in marketing our technology and products to the military. We are exceptionally pleased that Vice Admiral Giffin is onboard."
Giffin stated, "KIWI looks like a strong player for consolidating and integrating the wireless world. This is a fast moving market with good ideas and products coming out every month or so. It looks like they have recognized the need for one product line that can accomplish many functions now performed by several providers."
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. The technology is compatible with all major cellular carriers, ISP's and virtual network company's such as Microsoft Corp., (Nasdaq: MSFT) (cellular), 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