VANCOUVER, British Columbia, Sept. 19, 2002 (PRIMEZONE) -- Inforetech Wireless Technology Inc. (OTCBB:WYRE) announces that the Company has filed its application for a Listing in Germany to introduce Inforetech to the European Stock Market. Inforetech has now met the admission requirements and has been accepted for listing on the German Stock Exchange, specializing in emerging Small Caps.
"By listing on the Berlin exchange, we offer European investors the opportunity to trade the company's shares. European investors are trading American and Canadian shares more and more often in increasing amounts. With this new listing in Germany, Inforetech is thus opening itself up to all European investors, both institutional and retail. We take pride in having passed the exchange's admission requirements, and appreciate the implied confidence in our company and its future success shown by those in the brokerage community," said Mr. Robert C Silzer Sr., President and CEO of Inforetech.
In this context, the company plans to carry out an intensive European advertising and promotion campaign effective immediately. This is largely in response to the ubiquitous interest displayed throughout Europe in the GPS for golf business.
The Inforetech stock will start trading by the end of September 2002 on the Berlin exchange with the ticker symbol "IIW.BE" and the German securities CUSIP number WKN 934529.
About Inforetech Wireless Technology Inc.
Inforetech Wireless Technology uses GPS combined with high-speed wireless communications to deliver information systems for the golf industry. The company's product, the first patented communications network that utilizes internet protocols to provide a wireless information system, enhances enjoyment, awareness and skill of the game, increases golf course profits and improves pace-of-play issues. The company's mission is to build and maintain a strong, viable position as an international supplier of GPS-based golf devices. Additional information can be obtained from the company's web site: http://www.inforetech.com/
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: The Company's ability to raise finance; global and market conditions within the golf industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.