ALBUQUERQUE, N.M., July 8, 2008 (PRIME NEWSWIRE) -- AccessKey IP, Inc. (Pink Sheets:AKYI), CEO George Stevens and its wholly owned subsidiary TeknoCreations' President Bruce Palmer issued a memo to shareholders today. The memo reads as follows:
Dear Shareholders:
"I'd like to take this opportunity to thank our shareholders for believing in your new management that has transformed the company from one with an uncertain future to a company with a viable and focused path to success," commented Stevens. "As you can see, we're starting to improve shareholder value in the company.
To summarize some of the steps we've taken which I believe have contributed to yesterday's performance:
* The $1.5 million joint development agreement engaging AKYI to
provide specialized IPTV related development services for CSI
Digital and its customers
* The rescinding of the TeknoCreations spin-off initiative
maintaining its status as a wholly owned subsidiary
* Beginning the process of becoming a fully reporting company with
the intention of moving to the OTC Bulletin Board
* Engaging both a consulting firm and an SEC legal firm to assist in
the Bulletin Board migration
Palmer, TeknoCreations President, added, "Our first shipment of InCharge has arrived and is clearing customs. We expect release of the product within days, which will then be shipped through our logistics partner to our distributors and then retailers and etailers across North America. We will advise shareholders at which stores you will be able to purchase our company products. The response to our patent pending inductive charging solution has been exceptional and we expect to announce additional purchase orders in the near future."
Stevens further commented, "As we move forward with these major partnerships and financial initiatives and the reporting of revenues from our products with the margins we expect to achieve, we have a solid PE ratio potential and consequently shareholder value."
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.
The AccessKey IP logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4945
AccessKey products(tm), powered by the Company's patented technology, provide complete access to the coveted "Triple Play" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (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.