VANCOUVER, British Columbia, Oct. 4, 2002 (PRIMEZONE) -- Inforetech Wireless Technology, Inc. (OTCBB:WYRE) is pleased to announce the commencement of trading on the Berlin Stock exchange under the symbol IIW and German Cusip No. 934529.
"Having an additional public market and an operating presence in Europe are key steps in our establishing an active international GPS-based golf device business," stated Mr. Robert Silzer, President & CEO of Inforetech, Inc. "Our strategy is to be aggressively represented in both North America and Europe and to link these complementary markets through us being present on the financial markets on both continents. The investment community is excited about our product and our company and awaits the first series of installations."
About Inforetech Wireless Technology Inc.
Inforetech Wireless Technology uses global positioning systems (GPS) combined with high-speed wireless communications technology to deliver information systems for the golf industry. The company's product, the first patented communications network that utilizes advanced 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.