ALBUQUERQUE, N.M., Aug. 14, 2008 (PRIME 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 released its most recent financial statements for the six months ending June 30, 2008. The unaudited statements are now available on Pinksheets.com. AccessKey IP continues to comply with all Pinksheet.com financial reporting requirements in order to give investors insight into the company performance.
Bruce Palmer, AccessKey IP's Chief Financial Officer stated, "With new management in place since August 2006, it's taken close to 18 months to see the effects, but I am proud to announce the company has achieved profitability with $262K profit with revenue of $810K for the six months ending June 30, 2008. These results are consolidated to include AccessKey IP and its subsidiary TeknoCreations."
About AccessKey IP, Inc.
AccessKey IP 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(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.primenewswire.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.