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Koala International Wireless, Inc.(NASDAQ OTC BULLETIN BOARD: KIWI)Share


From: infonet
Subject: Koala International Wireless, Inc.(NASDAQ OTC BULLETIN BOARD: KIWI)Shares: ATTRACTIVE
Date: Thu, 18 Apr 0102 05:25:24 +1200







 

Koala International Wireless, Inc.
(NASDAQ OTC BULLETIN BOARD: KIWI)
Shares: 
ATTRACTIVE

Company Information
Name:   Koala International
Exchange:   OTCBB
Symbol:   KIWI
Last Price:   1.80
Outstanding:   12.5MM
Float:   6.0MM
High/Low:   1.34 - 4.00

Koala International Wireless Announces Requirements Met for Acquisition of Route1â„¢ Corporation


April 18, 2002. Toronto, Ontario.
Koala International Wireless, Inc.

Koala International Wireless, Inc. (OTCBB: KIWI) a Mobile Virtual Private Network Operator "MVPNO" and developer and consolidator of web-based, wireless network applications, announced today that requirements for the acquisition of all of the assets of Route1 Corporation have been met. Koala has begun the formal closing process and will acquire 100% of the assets of Route1 in exchange for 750,000 restricted shares of Koala.

Route1 is a next-generation financial transaction processing company. The Company's proprietary encrypted messaging platform, Route1 Acceleratorâ„¢, facilitates the delivery of a wide range of business solutions - quickly, securely and cost-effectively. Accelerator applications include Internet-enabling of Automated Banking Machines (ABM/ATMs) for financial institutions, POS systems for retail payment locations, infrastructure for Application Service Providers (ASPs) and delivering secure transaction services to the wireless sector.

Andrew White, President and CEO of Route1, will join Koala as a senior executive and acting Chief Information Officer. Mr. White stated, "I am very enthusiastic about the formal integration of Route1 technology into the Koala family. Route1's technology, integrated with the Koala Network and technology platform, strengthens and confirms Koala's security, encryption and transaction management capabilities and enables us to deliver highly-functional innovation to electronic payment processes."

Michael Johnston, President and co-founder of Koala, added, "The acquisition of Route1 significantly strengthens Koala's technology platform and expertise relating to financial transaction management. The addition will enable Koala to complete key elements of its Mobile Virtual Private Network and serve to support Koala's products and services as defined in our business model."

About Koala International Wireless, Inc.
Koala International Wireless, Inc.,
develops and provides next-generation wireless communication, information and entertainment products and services. Koala is assembling and integrating a virtual network and applications platform that uniquely positions the Company to capitalize on several existing and complementary market opportunities. By aggregating and consolidating the available infrastructure of existing cellular carriers, Koala is building a Mobile Virtual Private Network (MVPN) that enables the KIWI, Koala's next-generation personal communications device, and other wireless devices, to access the Internet and other services. The applications platform developed by Koala incorporates state-of-the-art encryption and data compression techniques that will ensure secure, real-time data transmission throughout the network. These capabilities will allow Koala to provide network server-based data, voice and media communications, e-Banking, entertainment, information and service applications directly to its targeted subscribers on a portable, hand-held unit. Koala's MVPN and applications capabilities create a number of opportunities for the Company to exploit underserved and/or emerging markets. Initial targets for Koala include the upgrade of fixed-base (wired) Point of Sale (POS) systems to a more efficient wireless system for the restaurant, hospitality, and entertainment industries, ATM/ABM connectivity applications, international remittance and entry into the PDA/personal communications device market with the KIWI, a superior device with a price substantially less than other products currently available.

Forward Looking Statement.
Safe Harbor: Statements contained in this news release, which are not historical facts, are forward-looking statements as that are defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause results to differ materially from those projected. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the ``ACT''). In particular, when used in the preceding discussion, the words ``plan,'' ``confident that,'' ``believe,'' ``expect,'' ``intend to'' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in any forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

All material herein was prepared by Capital Research Group, Inc. (CRG) based upon information supplied by the company or other sources believed to be reliable. The information contained herein is not guaranteed by CRG to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. A company's actual results could differ materially from those described in any forward-looking statements or announcements discussed herein. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. CRG is not a licensed broker, broker dealer, market marker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities. CRG has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion.  CRG has been compensated 100,000 shares. CRG has sold 1,000 shares.   CRG may sell its shares for less than the target price given in this opinion. CRG's affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. CRG will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

 
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