PHOENIX, March 2 /PRNewswire-FirstCall/
-- iBIZ Technology Corp. (OTC Bulletin Board:
IBZT
-
News), a leading
manufacturer and distributor of accessories for personal digital assistants
(PDA) and hand-held devices, announced today results from its Virtual Keyboard
factory tour in Tel Aviv, Israel.
"On Sunday, February, 22nd, Mark
Perkins, our Executive Vice President and I visited the factory contracted by
Enterprise Capital AG (formerly Endeavour Capital AG) to build the Virtual
Keyboard," said Ken Schilling, iBIZ Technology's President and CEO.
"Our visit was scheduled to not only observe production of the Virtual
Keyboard, but also to attend product planning and development meetings for
future technologies."
Schilling further commented, "The
CES (Consumer Electronics Show) event in Las Vegas demonstrated an incredible
demand for the Virtual Keyboard. As a result, the decision was made to move
production to another facility that was better suited to meet the product
demands. During January, the assembly was moved and efforts were made to bring
the product to mass production in the new facility. During our visit, we were
able to view all phases of the products assembly as well as understand the
dynamics of tooling processes for specific critical components. Seeing the
level of sophistication in each of these processes left us with not only a
better understanding as to why there have been several delays in shipping, but
also assured us the finished product would meet industry expectations on
quality.
"The virtual keyboards parts are
currently being tooled and quality assurances put into place to insure each
part meets the highest usable quality standard prior to final assembly. There
were four essential components being refined during the visit. Those
components included three plastic lenses covering the virtual keyboard
internal components and the infrared projection devise embedded behind the red
lens at the top of the unit.
"Factory representatives have
presented us with shipping details that should have mass production units
available by the end of March. Initial production units will be shipped in
white boxes in an effort to satisfy the substantial back log of internet
orders. The initial retail packaged orders will be fulfilled shortly following
this initial production, until full production is met, likely within sixty
days. The Company currently has a substantial backlog from various retailers
and demand is growing daily.
"The Virtual Keyboard has allowed
us to leverage our other products together with a product offering for
retailers that is unmatched in our four years of providing PDA
accessories," added Schilling. "Our own web sales for the Virtual
keyboard continue to grow. To that end, we received more pre-orders for the
Virtual Keyboard in the first twenty-four hours on our site than any other
product we have introduced sold in an entire month. It is truly exciting to
watch the enthusiasm surrounding this product. We look forward to the other
opportunities this technology will bring as we continue to embrace its
dynamics."
About iBIZ Technology:
iBIZ is a leading manufacturer and
distributor of accessories for personal digital assistant (PDA) and hand-held
devices. iBIZ is recognized for innovative, high-quality, competitively priced
products available through major retailers. For more information on iBIZ
products and services, please visit
www.ibizpda.com,
email
salesteami1@ibizcorp.com, or call
1-800-234-0707.
For further information please
contact: press, Belinda Banks of S&S Public Relations, +1-718-320-4898,
Belinda@sspr.com,
or investors, Cormac Glynn of CEOcast, Inc., +1-212-732-4300,
cg@ceocast.com,
both for iBIZ Technology.
"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 including, but not limited
to those, set forth in the company's Form 10-KSB filing and other filings with
the United States Securities and Exchange Commission (available at
www.sec.gov).
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."