ALBUQUERQUE, N.M., May 12, 2009 (GLOBE NEWSWIRE) -- AccessKey IP, Inc., (Pink Sheets:AKYI) the developer, designer and producer of advanced entertainment and communication devices, announced today that it has completed and filed its registration statement on Form 10 with the Securities and Exchange Commission ("SEC").
The move to file the Form 10 is the next logical step for the Company's shareholders. Management expects that this milestone, combined with recent additions of new retailers and etailers through its distributors of the Company's products; completion of audited financials; the soon-to-be announced completion of its set top box; and the launch of new products in AKYI's portfolio, are key to its future success.
Bruce Palmer, AccessKey IP's President, stated, "The completion and the subsequent filing of the Form 10 is a noteworthy step for AccessKey in becoming a fully reporting company and having its stock quoted on the OTC Bulletin Board. AccessKey is committed to providing accurate and timely information to its shareholders as events materialize and we continue on our quest to become the global leader in developing and providing patented products for digital communications, entertainment-related services and specific consumer electronics platforms. I believe we have the right people, technology and foresight to continue the growth of this company and filing a Form 10 is a significant step in this direction."
Company CEO, George Stevens, commented, "In spite of having to deal with overwhelmingly difficult legacy issues, I would like to express my appreciation to Mr. Palmer for his tenacity and resolve that has led the Company to this important milestone. The completion of the Audits for 2007-2008 allows AKYI to file its Form 10, which as a fully reporting company, gives our shareholders more transparency and increases stockholders' confidence."
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" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (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. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of Consumer Electronics and Business security needs. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.
The AccessKey IP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4945
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 AccessKey IP, 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.
Please visit the Company's websites www.accesskeyip.com, www.teknocreations.com