BROOKLYN, N.Y., March 28, 2006 (PRIMEZONE) -- Cell Power Technologies, Inc. (OTCBB:CLPW) today announced that the 1-for-6 reverse split of its common stock that was scheduled to become effective as of the close of business on March 27, 2006, as announced in the company's press release dated March 21, 2006, has been postponed and will become effective as of the close of business on April 10, 2006.
About Cell Power Technologies, Inc.
Cell Power is the exclusive sub-distributor for Cellboost(tm) in Latin and South America. Cell Power is also entitled to royalty payments from the sale of units of Cellboost(tm) in the United States, Mexico, Canada, Puerto Rico, the U.S. Virgin Islands, the Caribbean and Israel. Cellboost(tm) is a small portable cell-phone battery that comes in phone specific models to fit most commercially available cell phones. It offers up to one-hour additional talk time. Cellboost(tm) is currently available in North America in flagship retailers like Office Max, Office Depot, Radio Shack and Staples. More information on the product can be found at www.cellboost.com.
This press release may contain "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995. A number of factors could cause Cell Power's actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in Cell Power's filings with the Securities and Exchange Commission (available at www.sec.gov). Cell Power assumes no obligation to update any forward-looking statements.