CALGARY, Alberta, Nov. 15, 2007 (PRIME NEWSWIRE) -- Grayling Wireless USA, Inc. (Pink Sheets:GRYW) is pleased to provide updates for its Radio Division.
Radio Division:
Grayling's Radio Division has recently received its first lease/rental commitment for the use of ClearCalm from a municipality in Florida. Grayling CEO Jeff Love said, "We are very encouraged by this development. It is certainly our strategy to continuously grow recurring revenue streams of this nature and this first commitment is indicative that the lease/rental option will be well received by our market."
In addition, the company has recently received inquiries from another SCBA manufacturer regarding adaptation of the ClearCalm system to a specific market requirement and preliminary work has commenced on a prototype program.
The company's Stone Mountain subsidiary is nearing completion on the development of an intrinsically-safe version of the SWORD(tm) Speaker Microphone which will be submitted for regulatory approval in the near future. Early market indications are very encouraging for this exciting new product.
About GRYW:
Grayling, based in Calgary, Alberta, is an innovator and integrator of emerging technologies. Our goal is to seek out and evaluate growth opportunities, including mergers and acquisitions that add incremental shareholder value, extend the company's market share and add to its technical competencies. Grayling will continue to bring market-ready technologies and services to its markets. For further information, visit http://www.gryw.com
This press release contains forward-looking statements within the definition of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision.
For further information on:
ClearCalm, visit www.clearcalm.com Stone Mountain, visit www.stonemountainltd.com Sentai, visit www.sentai.com