WiFi Wireless Inc. Upgraded to the "Current Information" OTC Market Tier
| Source: WiFi Wireless Inc.
ALISO VIEJO, CA--(Marketwire - June 3, 2009) - WiFi Wireless Inc. (PINKSHEETS : WFWL ), an
emerging provider of satellite and wireless cargo container monitoring and
tracking systems, announced today that they have submitted the proper
disclosure to Pinksheets, and have been upgraded to the "Transparent /
Current Information" designation. As part of the disclosure, WiFi Wireless
released financial statements for 2006, 2007, 2008 and Q1 2009. The
financial statements are available for review at www.Pinksheets.com.
"One of the first steps to build shareholder value, is to be open and
transparent, and provide shareholders and prospective shareholders, with a
clear and accurate portrayal of the company's financial status," stated
Lynn Peterson, President. "We are now in compliance with Pinksheets 'OTC
Markets' 'Guidelines for Providing Adequate Current Information,' and are
proud to have reached this high level of disclosure."
In order to attract more interest from the institutional investment
community, WiFi Wireless Inc. is continuing its efforts to become a fully
reporting company, and is in the process of completing a Form 10
Registration Statement, in preparation for filing with the Securities and
Exchange Commission (SEC), for listing on the OTCBB.
About WiFi Wireless, Inc.
WiFi Wireless, Inc., (www.wifiwirelessinc.com) develops leading edge,
proprietary, technology driven, satellite and wireless cargo container
monitoring and tracking systems. These systems provide security in an
increasingly complex and vulnerable international supply chain. Along with
the hardware system they designed, they have developed proprietary software
that is an essential component of the infrastructure of cargo container
monitoring systems.WiFi's software has the ability to interface between
universally adopted and readily available hardware components, and has been
proven to provide a link-level encryption to prevent unauthorized
access.WiFi's software has the ability to be integrated on every ship with
existing communications systems and existing hardware configurations,
utilizing it's software interface capabilities.WiFi's system can
communicate large amounts of data regarding the condition and location of
cargo containers, at a rapid rate, in multiple environmental conditions, in
a real time format, and this information can be accessed anywhere in the
world by using a satellite-Internet based monitoring system.
"Safe Harbor"
This press release contains certain "forward-looking" statements, as
defined in the United States Private Securities Litigation Reform Act of
1995 that involve a number of risks and uncertainties. Statements, which
are not historical facts, are forward-looking statements. The Company,
through its management, makes forward-looking public statements concerning
its expected future operations, performance and other developments. Such
forward-looking statements are necessary estimates reflecting the Company's
best judgment based upon current information and involve a number of risks
and uncertainties, and there can be no factors that could cause actual
results to differ materially from those estimated by the Company. They
include, but are not limited to, the Company's ability to develop
operations, the Company's ability to consummate and complete the
acquisition, the Company's access to future capital, the successful
integration of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition, sales and other factors that may be identified from time to
time in the Company's public announcements.