ALBUQUERQUE, N.M., May 21, 2008 (PRIME NEWSWIRE) -- AccessKey IP, Inc.'s (Pink Sheets:AKYI) wholly-owned subsidiary, TeknoCreations, announced today the signing of a Commercial Warehousing and Fulfillment Services agreement with Centra Worldwide, Inc./Suddath Logistics Group. Under the terms of the agreement, Centra Worldwide will provide the following services: receiving product from the factory, duty and customs processing, inventory management, sales order fulfillment and tracking, delivery services and freight, and returns processing.
Centra Worldwide brings unrivaled power and knowledge to assist TeknoCreations to operate at the highest level. As a subsidiary of The Suddath Companies, a $264+ million-a-year company, Centra Worldwide has endless resources available to ensure every logistical and outsource solution meets our needs. Suddath has access to over 20 million square feet of state-of-the-art warehouse space throughout North America, the latest high-tech management systems, logistics and distribution capabilities across all channels and a full spectrum of outsourcing capabilities that streamline processes and reduce fixed expenses. Centra Worldwide has an expanded network of domestic and international facilities that provide the entire infrastructure a company needs to conduct business in any sales channel or market.
Bruce Palmer, TeknoCreations President stated, "With our first InCharge(tm) shipment from our factory due to arrive mid June, we are very pleased to have Centra Worldwide as our logistics partner. Their expertise will insure our freight and warehousing costs will be maximized and will help us expand both domestically and internationally."
About AccessKey IP, Inc.
AccessKey IP is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms.
AccessKey(tm) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(tm) and portable flash drive-sized AccessKey PC(tm) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of consumer electronics and business security needs. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.
The AccessKey IP logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4945
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKey IP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.