FORT LAUDERDALE, Fla., Feb. 11, 2004 (PRIMEZONE) -- KIWI Network Solutions, Inc. (OTCBB:KWNS) www.kiwi.thetreaty.com and www.kiwimobile.com jointly announced signing an Equity Joint Venture Agreement with a privately held Nevada Corporation headquartered in Boca Raton, Florida.
The Diversified Fund Holdings, Inc. (TDF) is the parent of TheTreaty.Com. KIWI/TDF can now offer under a white label program a wireless cellular/WI-FI network complete with existing Voice, Video and Audio over Internet Protocols, Internet service provisioning, applications service provisioning, network operating structure along with device/handset provisioning in the U.S.
Harold Fischer, KIWI's CEO said, "This solidifies a union of innovative and functional technologies that improve the means, methods and principles of global communications on KIWI/TDF's existing network.
Tom Penna, Chairman of TDF said, "The KIWI/TDF profile of technologies is a powerful service offering supported by a potential growing user base that, if successful, can expand quickly and seamlessly into the communications activities of all Americans."
KIWI is perfecting an International Mobile Virtual Network Operator (IMVNO) platform that enables the delivery of www.TheTreaty.Com 's 2-Way Voice/Video/Audio/Data/Messaging over Internet Protocol, Cellular, 802.11B/G and other networks. KIWI is finalizing the development of applicable devices and peripherals. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network companies such as Microsoft Corp. (Nasdaq:MSFT) and Time Warner Inc. (NYSE:TWX).
TDF is a consortium of selected revenue generating businesses and technologies that contribute to the overall strategic business plans of TDF. These member partners, operating as a team, contribute specific products, services and technologies in exchange for share ownership or other considerations in TDF. To begin large-scale operations, these selected businesses and technologies complete a specific business plan of TDF. This portion of the TDF plan is a broadband enabled e-commerce solutions and communications medium called The Treaty.
The TDF Consortium includes the following enterprises: TheTreaty.com, 3GCT Networks, Jackson Knight Media Group, BioTeam, Ades & Rosenberg Ltd. and LAVAbid.com.
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.