NEW YORK, Sept. 9, 2004 (PRIMEZONE) -- Torbay Holdings Inc, New York (OTCBB:TRBY) announced this morning that it had received "production run" packaging samples and that delivery of E-Quill-AirO2bic mice was imminent.
This signals the commencement of Designer Appliances Inc (the TRBY wholly owned sales subsidiary) activity of presenting its redefined and repackaged product to contacts established within the retail sector. E-Quill-AirO2bic is now available in black (onyx) or white (pearl) color options. Considerable effort has gone in to ensuring smooth and effective product delivery, including an extensively revised manual, together with a dual function version of E-Quill-Liberator(R) Nib software in the box. All mouse purchasers will be able to try the software (Mac or PC) for 30 days. Those who purchase the software will activate it fully by utilizing the Software Key provided.
The activity defined as a "Retail Road Show" will represent our "out of office" meetings, already confirmed, which commence next week. Other meetings are scheduled and are subject to confirmation, with companies exhibiting interest; these include retailers and computer peripheral sellers, together with mouse manufacturers. Today a meeting with a multinational, multi-billion-dollar office supply company was scheduled, following their call to us, as a result of requests from their customers for our products.
In addition to this company's own activity in generating leads and contacts, an agreement, in principal, has been reached with a retail distribution consultant, who specializes in the introduction of computer peripherals into mainstream and retail distribution. Operating on a results/reward basis, his initial objective will be to introduce our products into an EDI distribution program. EDI's are electronic purchasing, distribution and payment systems, which are used exclusively by the retail sector for product procurement. Such is the extent and automation of the EDI system that we are advised that this activity alone could see our products automatically become listed up on 100's (a figure of up to 1,000 was quoted to us) of retail websites who subscribe to the service.
We have also been advised, via conversations with our customers, of referrals for our products by clinicians. Our corporate client base continues to expand in terms of their number and in per order quantities. A recent and multiple (advanced) order for E-Quill-AirO2bic mice also shows they are also "wanted" by the FBI.
We are confident in our business model, have good reason for an optimistic outlook and ready for what we believe will be a receptive retail market. In a recent move to provide liquidity for this activity and to ensure that we do not suffer from any short-term cash crunch, Tom Large, President and CEO has pledged some of his personal "Company shares" as security, against a loan, negotiated by the company. By doing this we seek to ensure that we can finance these activities, while further demonstrating his personal confidence in our business and in the future of our company. For the avoidance of any doubt, he will receive no payment at all or any consideration whatsoever for doing this. The advancement of the Company and their safe return being his only anticipated reward.
As part of the program of product re-definition, www.aerobicmouse.com is now active and will be phased in and shall become the only visible website name seen, regardless of any link used by our visitors.
For more Information contact: Torbay Holdings Inc. Tom Large President & CEO Torbay Holdings Inc 516 747 5955 tom@trby.com Corporate: www.trby.com Product: www.aerobicmouse.com www.theclicklessweb.com