MIAMI BEACH, Fla., Feb. 9, 2005 (PRIMEZONE) -- Energy Telecom, Inc. (Pink Sheets:EYTL) announced today it has signed a Letter of Agreement with Parametric Solutions, Inc., that will bring Energy Telecom's personal communication eyewear into the final phase of engineering and development, allowing its products to be brought to the marketplace.
"We are extremely pleased to partner with such a prestigious engineering and product development firm as Parametric Solutions," stated Mr. Tom Rickards, CEO of Energy Telecom. "The finalized contract should be completed shortly, and work begun without delay."
"Our depth of experience, along with our diverse product design and problem-solving capability gives us strength unmatched anywhere in the country," stated PSI Co-Founder, Mike Howell. "We are very excited to have been selected to partner with Energy Telecom. We have participated with many products over the last 12 years; Energy Telecom's product has the potential, like no other recently, to impact our culture. I truly believe that bringing hands-free two-way wireless personal telecommunication eyewear to the market, utilizing both audio and optical projection technology, will revolutionize the way people interact with information from wireless devices."
About Energy Telecom, Inc.
Energy Telecom holds United States and foreign patents designed to provide leading global manufacturers of wireless headsets, industrial eyewear and optical projection technology with the means of offering the world's first hands-free two-way, intelligent, miniaturized, wireless personal telecommunication eyewear systems. These systems are designed to be built into specialized eyewear worn by police, fire, rescue, military and security personnel as well as those used by bio-hazard, mining, construction and heavy-manufacturing workers.
About Parametric Solutions Inc.
Since its founding in 1993, Parametric Solutions (www.parametricsolutions.com) has become one of the largest diversified product development and engineering service firms in the Southeast. Employing top engineering talent from the military gas turbine industry, PSI has managed to expand their expert problem-solving and creative design capability into numerous industries. Parametric Solutions has successfully designed and engineered products in over 50 different companies spanning more than a dozen different industries including: Aerospace, Consumer Products, Medical Equipment, Transportation, Juvenile Products and Recreational Equipment
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Energy Telecom, Inc. (the "Company"), as well as those contained herein, that are not historical facts are "forward-looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, if applicable, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward-looking statements include, without limitation, statements regarding: (a) the Company's strategies regarding growth and business expansion, including future acquisitions; (b) the Company's financing plans; (c) trends affecting the Company's financial condition or results of operations; (d) the Company's ability to continue to control costs and to meet its liquidity and other financing needs; (e) the declaration and payment of dividends; and (f) the Company's ability to respond to changes in customer demand and regulations. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements.
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