AccessKey IP, Inc., (Pink Sheets: AKYI) the developer, designer and producer of advanced entertainment and communication devices, announced today that its consumer electronics subsidiary, TeknoCreations, has completed the development of, and filed a patent for, an exciting new product, the InChargeTM,an inductive re-chargeable replacement charger for gaming controllers. The InChargeTM is specifically developed for the Microsoft Xbox 360 and the Nintendo Wii. The device will allow simple and easy recharging without any contacts to get tarnished or dirty.
George Stevens, AccessKey IP's CEO commented, "The power supply category alone for the gaming industry is expected to top $43 million this year. The game developers are having difficulty keeping up with demand. Our InChargeTM device enhances the consumer's experience and we expect an overwhelming response from retailers. The advantage of our product is the ease-of-use; it requires no cleaning, no maintenance and is virtually fool-proof. The product will be ready for distribution in Q1 2008."
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey(TM) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(TM) and portable flash drive-sized AccessKey PC(TM) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKeyIP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
