Advanced Powerline Technologies, Inc., Today Announces a Special Shareholder Purchase Program for Its LCD High Definition Digita
02 Septembre 2005 - 4:26PM
Business Wire
Advanced Powerline Technologies, Inc., (Pink Sheets:APWL) announces
today a special shareholder purchase program for its LCD High
Definition Digital Televisions (HDTV). Each shareholder of record
will receive a letter inviting them to take part in this limited
time program that will allow shareholders to purchase models of the
company's LCD High Definition Digital Televisions (HDTV) at special
discounted prices. Company Vice President and Interim President Tim
Pace stated, "We are very proud of the LCD High Definition Digital
Televisions (HDTV) products we are offering, and we believe that
they will be very enthusiastically received in the market. As these
are the first products that Advanced Powerline Technologies, Inc.
has made available commercially, we decided on this program as a
way of saying 'thank you' to our shareholders for their support in
bringing us to this point. We believe that many of our shareholders
will be excited to own such an excellent, high quality product from
a company that they are a part of. Our shareholder purchase program
makes that even easier by offering them discounts off our already
very competitive prices. We are confident seeing these TV's in
action will make them as proud of our products as we are." All
board members at the regular Board of Directors meeting held on
August 20, 2005 supported the new program enthusiastically. Board
member Dorine Nyman said, "I want one of these awesome LCD monitors
with television tuners in my house. I think a lot of our
shareholders would want one too. The clarity of these units is
amazing. When connected to my computer as a monitor, there is no
burn-in of the image like you get with a plasma television. This
state of the art multipurpose digital display monitor will service
all your home entertainment needs, from games to home theater. I am
confident everyone will be satisfied." Letters to the shareholders
of record currently on file with the company, explaining the
details of the offer, are expected to go out soon. Advanced
Powerline Technologies, Inc.'s principal business focus is to
create and develop Broadband over Power Line (BPL) and Power Line
Communications (PLC) friendly devices, products and services. The
company's principal products at this time are cellular phones and
liquid crystal display (LCD) digital televisions with high
definition tuners (HDTV). The company intends on marketing the
sales of cellular phones and High Definition Digital Televisions
(HDTV) internationally and domestically. Upon the completion of
research, development, and the verification of test results of the
company's Broadband over Power Line (BPL) and Power Line
Communications (PLC) devices, the company intends to utilize the
technology within the existing product platforms to enhance their
capabilities. Advanced Powerline Technologies, Inc.'s main products
will become Broadband over Power Line (BPL) and Power Line
Communications (PLC) friendly devices with the Company's related
hardware and system service. Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications that may arise could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The company cautions that these
forward-looking statements are further qualified by other factors.
The company undertakes no obligation to publicly update or revise
any statements in this release, whether as a result of new
information, future events or otherwise.
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