SafeCell Licensee Announces Bizjet Mobile Phone App
Posted on December 20, 2010 at 09:00 AM EST
ASI Entertainment, Inc. (OTCBB:ASIQ) has been advised that ASIQ Limited, the licensee for the SafeCell system, made the following announcement:
“Melbourne, Australia Wed. 15th Dec 2010 - ASiQ Limited Australia announced today the world’s most expensive mobile phone App.
If you think $12,500 for a mobile phone App is expensive, then think again. If you own a private jet and it lets you use your mobile phone in-flight to make a phone call, it’s cheap. Particularly when you consider that conventional aircraft mobile phone systems can cost up to five hundred thousand dollars.”
The full text of the announcement is available at: http://www.asiq.com/whatsnew.html.
Under the license agreement with ASiQ Limited the company receives 10% royalties on all gross revenue generated by SafeCell.
About ASI and SafeCell
ASI owns the intellectual property of SafeCell. SafeCell is a new generation software application that converts a normal mobile phone into a wireless communicator. SafeCell was developed to substantially reduce the cost of SMS, MMS, Chat, and Email for the regional and international airline traveller. SafeCell connects via Bluetooth, so it operates with any modern mobile phone, including the new generation mobile phones that already have wireless interface. SafeCell delivers its services via the internet and is designed for operation in-flight and on the ground.
SafeCell is uniquely positioned competitively and is currently being marketed to the airline industry via licensing and agency agreements. ASI’s business model is based on receiving license fees and royalty payments fees from the SafeCell technology
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.
Phil Shiels, +1-210-775-2468
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