HONG KONG,
Jan. 21 /PRNewswire/ - Mark Bruk, president of Kunekt Corporation
(OTCBB: KNKT), creator of the Kunekt global brand of affordably
priced, quality mobile devices, primarily smartphones and tablets,
reported today that the company has moved its headquarters to
Hong Kong from the United States. The company has made this
move to take advantage of the enormous growth opportunities for
sales of mobile devices, specifically smartphones and tablets, in
China and India.
Bruk said that its new headquarters location in
Hong Kong positions Kunekt at the
gateway of its biggest market opportunity, China. "In the
next few years, both the largest number of new mobile phone users
and the largest number of new purchases of mobile devices will be
in China and India, dwarfing sales in every other country
in the world," he said.
Kunekt expects to start selling in China next month and in India and other targeted emerging market
economies soon thereafter. "We have relationships in China and India that we expect will enable us to hit the
ground running," Bruk said, "a critical factor in entering these
highly desirable markets."
"We are in the infancy of a revolution in
communications and everyone in the world wants a smartphone, but
most people can't afford one," he said. "We intend to fill this
void by becoming a global brand that consumers can trust will
deliver quality products and service at an affordable price."
Though Kunekt will now be headquartered in
Hong Kong, as a U.S. Securities
and Exchange Commission-registered company that is publicly traded,
this move will in no way affect Kunekt's responsibility to its
shareholders, according to Bruk. The company will continue to file
all SEC-required documents and will comply with all reporting
requirements; and its financial statements will continue to be
prepared according to U.S. Generally Accepted Accounting
Principles.
About Kunekt
Kunekt Corporation is a U.S. publicly traded
company focused on designing, building and marketing mobile phones
as well as smartphones and tablets powered by Google's Android
mobile operating system. The company's mission is to build a
globally recognized brand in the mobile device market and deliver
smartphones and tablets at prices that are a fraction of the
industry leaders.
The company is listed on the OTC Bulletin Board
under the symbol KNKT. For more information about Kunekt and to
sign up for email updates, visit www.kunekt.com, and follow the
company on Twitter and Facebook.
Forward-Looking Statements
This news release contains "forward-looking statements". Statements
in this news release, which are not purely historical, are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future,
such as the following: (1) that Kunekt will become a
globally-recognized brand in the mobile device market; (2) that in
the next few years, both the largest number of new mobile phone
users and the largest number of new purchases of mobile devices
will be in China and India; (3) that there are enormous growth
opportunities for sales of mobile devices, specifically smartphones
and tablets, in China and
India; (4) that Kunekt will be
able to capitalize on this growth; (5) that Kunekt will be able to
manufacture, market and/or deliver mobile phones, smartphones and
tablets at a fraction of the price or industry leaders; and (6)
that the company will continue to file all SEC-required documents
and will comply with all reporting requirements. It is important to
note that actual outcomes and Kunekt's actual results could differ
materially from those in such forward-looking statements. Actual
results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among
others: (1) the ability of Kunekt to design, manufacture and market
mobile phones, smartphones and/or tablets at all and at a price
less than the industry leaders; (2) Kunekt's ability to remain
competitive as other parties develop and release competitive
products; (3) Kunekt's ability to engage reliable companies to
manufacture mobile phones, smartphones and tablets; (4) the ability
of Kunekt to establish a recognized and/or global brand for its
mobile phones, smartphones and tablets; (5) the success by Kunekt
of the sales of its current and new products; (6) the impact of
technology changes on Kunekt's products and on the industry; (7)
general economic conditions as they affect Kunekt and its current
and prospective customers, including a continued downturn in
general economic conditions internationally; (8) the ability of
Kunekt to control costs operating, general administrative and other
expenses; and (9) insufficient investor interest in Kunekt's
securities which may impact on its ability to raise additional
financing as required.
Readers should also refer to the risk disclosures
outlined in Kunekt's quarterly reports on Form 10-Q, annual reports
on Form 10-K and Kunekt's other disclosure documents filed from
time-to-time with the SEC at www.sec.gov and available on Kunekt's
investor relations website at www.kunekt.com. Additional
information will also be set forth in our Annual Report on Form
10-K for the year ended October 31,
2010, which we expect to file with the SEC in January 2011.
All information provided in this release is as of
January 21, 2011, and Kunekt
Corporation undertakes no duty to update this information.
Google and Android are the registered trademarks of
Google. Facebook and Twitter are trademarks or registered
trademarks of their respective owners.
SOURCE Kunekt Corporation
Copyright . 21 PR Newswire
