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![]() | ASI Entertainment Appoints First SafeCell Licensee SEATTLE, Mar 12, 2008 (BUSINESS WIRE) -- ASI Entertainment, Inc. (OTCBB:ASIQ) announced today that it has signed a marketing licence agreement with Mr Edwin Chan for SafeCell, the Company's patent pending in flight mobile phone system. The licence agreement comprises a payment of $100,000 for the marketing rights and a $100,000 investment in the Company based on one million shares at 10 cents per share. The licence is for a two year term covering the Southern Asian region. As part of the agreement, Mr Chan will establish a marketing operation including promotional program. Mr Chan is a successful businessman and brings together a new team that will enhance the SafeCell opportunities in the region. Ron Chapman, ASI CEO, stated "Edwin has been associated with the ASI Group for the past 2 years as the Asian Regional Director for ASiQ Limited Australia. Edwin's dedication and commitment to the ASI Group has been outstanding, and we are extremely pleased that he is now the first to come on board as a licensee for SafeCell." SafeCell was created to allow passengers to use their mobile phones in aircraft, enabling them to send messages and data without incurring expensive roaming charges. SafeCell turns a normal mobile phone into a wireless communicator and communicates via satellite through the internet. SafeCell achieves this by downloading software onto the mobile phone, which enables it to operate like a normal messaging system. The SafeCell system connects via Bluetooth, so it suits all modern mobile phones including Blackberries, PDA's and new generation mobile phones that have wireless interface, such as iPhone. Safe Harbor Disclosure: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," "may," "will," "should," "could," "expect," "intend," "project," and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. SOURCE: ASI Entertainment, Inc. ASI Entertainment, Inc. Phil Shiels, +61 3 9016 3021 phil.shiels@nextwaveinvestments.com Copyright Business Wire 2008 |
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