MEMPHIS, Tenn., Aug. 22, 2005 (PRIMEZONE) -- ATWEC Technologies, Inc. (Pink Sheets:ATWT) announced today that it has signed an agreement with a local non-profit organization in order to increase efforts to push for increased child safety throughout Tennessee.
Through ATWEC's agreement with Andre Turner, the former University of Memphis and NBA basketball star, the Company was able to secure an agreement with the GIRTHO Charitable Organization, whereby GIRTHO will provide Tennessee day care centers with a cash rebate once they meet new state requirements designed to increase child transportation safety. GIRTHO is a Georgia non-profit organization which raises money to help the fight for increased child welfare, safety, and security.
ATWEC Technologies, Inc., the state's first minority-owned trading company, specializes in child safety, and their KiddieVoice(tm) system is the industry leader in safety alarm technology. The proprietary system is currently sold in five states, and helps to prevent children from being left on vans and buses, where serious injury and death often occur to young children inadvertently left behind on the vehicle.
Recently, Tennessee passed legislation requiring child care centers to increase child transportation safety. Specifically, Rule 1240-4-4 provides for all child-care centers to have their transportation vehicles equipped with a state-approved alarm system by August 2005. The Tennessee Department of Human Services expects all child-care centers to comply with these requirements during the remainder of 2005.
Alex T. Wiley, ATWEC's President and CEO, states, "ATWEC and GIRTHO have teamed up to provide KiddieVoice(tm) safety systems throughout Tennessee. Thanks to Andre Turner, we have now given day care centers that extra incentive to implement increased child safety today. Andre and his wife are the parents of five daughters, and child safety is vitally important to them. Educators see his commitment to the kids, and it makes everyone feel good to know they are making important strides while at the same time saving money."
GIRTHO will give an instant rebate for a limited time, $200.00 per unit, per install. GIRTHO is concerned that every child care center immediately comply with the new safety legislation, and end the chance of another child dying while in transport.
In order to become eligible for the rebate, a care center must have a state certified alarm technician install the KiddieVoice(tm) system on all of the child care center's vehicles. ATWEC is the industry leader in child safety, has been providing systems since 1999, and is prepared to meet the pressure that the compliance requirement will create in the Fall of 2005.
The Company unveiled their new endorsement partnership with Andre Turner at its ATWEC shareholder meeting this past February. Shareholders and customers who would like to obtain additional information about the Company can contact Joanne Latimer at 901-324-7089. ATWEC Technologies, Inc. can be found at its website http://www.atwec.com.
Statements in this press release about the company's future expectations, including the rate of growth of the Company's revenues derived from sales of its safety and security products, and all other statements in this release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as changes in consumer demand, satisfaction or desire for our products for a variety of reasons. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's reports and financial statements.