AirTouch(R) Announces Capital Infusion in the Amount of $2,000,000
NEWPORT BEACH, Calif., Oct. 25, 2012 (GLOBE NEWSWIRE) -- AirTouch®
Communications (OTCQB:ATCH) (www.airtouchinc.com), a supplier of innovative
wireless telecommunications devices, today announced a capital infusion in the
amount of $2,000,000 by a non-affiliate, accredited investor. Details of the
financing were announced in the company's 8K filing on October 24, 2012.
We are extremely pleased to have this additional capital to fund the
production of new purchase orders for our SmartLinX™ product line. We believe
that this new capital will allow us to accelerate the timetable for delivery
of the SmartLinX™ products as well as to facilitate future growth for our
Company," stated Hide Kanakubo, CEO, AirTouch.
About AirTouch® Communications
AirTouch® Communications, Inc. is engaged in the development and marketing of
patented telecommunications devices capable of converging voice, data, video,
security, entertainment and other advanced communications services from
various service providers on one piece of hardware. We currently hold three
patents for our unique combination of cordless telephone technology and
wireless signal amplification which enables consumers and business to access
voice, data, and other applications and services over the cellular wireless
network. For further information about AirTouch Communications, please visit
the web site: www.airtouchinc.com.
In addition to enhancing clarity, even in areas where signal quality is weak,
SmartLinX™ saves mobile minutes by using the consumer's landline rather than
cellular plan. SmartLinX™ is powerful and versatile, enabling users to dial
smartphone contacts directly through their landline while pairing up to eight
smartphones on one base unit. SmartLinX™ is also a smart solution for
home-based and small businesses, serving up to eight smartphones, with the
ability to turn a smartphone into a virtual two-line phone, and built-in
conference/intercom functions. In addition, SmartLinX™ can be used as a
traditional landline phone even when no smartphone is present.
This press release contains forward-looking statements concerning AirTouch®
Communications within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended.In some cases, you can identify forward-looking statements by
terminology such as "may," "will," "should," "could," "would," "expects,"
"plans," "intends," "anticipates," "believes," "estimates," "predicts,"
"projects," "potential" or "continue" or the negative of such terms and other
comparable terminology. The forward-looking statements in this press release
include statements regarding expectations for our future financial
performance, including but not limited to statements regarding the future
distribution and sale of our telecommunications devices. Such statements are
subject to certain risks and uncertainties, and actual circumstances, events
or results may differ materially from those projected in such forward-looking
statements.Factors that could cause or contribute to differences include, but
are not limited to, risks that orders fromcustomers may not increase or
continue, absence of significant recurring purchase orders from any customer,
the absence of any agreements or commitments at this time on the part of any
customer to purchase our telecommunications devices, the risk that our
telecommunications devices may not be accepted by the U.S., Latin American or
markets in other developing countries and those other risks set forth in our
annual report on Form 10-K filed with the SEC on March 21, 2012. AirTouch®
Communications cautions readers not to place undue reliance on any
forward-looking statements. AirTouch® Communications undertakes no obligation
to update any of the forward-looking statements after the date of this release
to conform those statements to reflect the occurrence of unanticipated events
or otherwise, except as required by applicable law.
CONTACT: Investor Relations:
First Level Capital
AirTouch(R) Communications, Inc.
Jerome Kaiser, CFO
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