CALGARY, Alberta, Sept. 26, 2007 (PRIME NEWSWIRE) -- Grayling Wireless USA, Inc. (Pink Sheets:GRYW) is pleased to provide an update highlighting its Radio Communications Division.
ClearCalm, our signature product, has undergone many months of thorough field evaluations at numerous locations under "live" conditions. The feedback has surpassed our greatest expectations in our goal to be the "Premier Wireless Communications Device" for SCBA users in the confined space, Hazmat and Fire Department arena. We are having an overwhelming product acceptance by agencies that are testing the product with a market potential of more than one billion dollars.
In addition, we are well down the path of transitioning the ClearCalm operations to our Stone Mountain facility in Virginia. Stone Mountain manufactures communication devices used by police departments and emergency units throughout the country. We are now adding ClearCalm to the Stone Mountain suite of products and will add distribution through the existing network of dealers throughout North America. This combination will provide significant cost savings and significantly increased revenues and earnings.
Grayling CEO Jeff Love said, "These new operational and sales initiatives are expected to deliver an excellent growth profile and profitability for Grayling in Fiscal 2008."
About GRYW:
Grayling, based in Calgary, Alberta, is an innovator and integrator of emerging technologies. Grayling will continue to bring market-ready technologies and services to its markets. The goal is identify and refine the opportunities that will drive the growth of revenues and earnings, with a goal of creating shareholder value. For further information, visit http://www.gryw.com
This press release contains forward-looking statements within the definition of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision.
For further information on:
ClearCalm, visit www.clearcalm.com
Stone Mountain, visit www.stonemountainltd.com
Sentai, visit www.sentai.com