GOLD RIVER, CA--(Marketwire - July 16, 2010) - The Children's Internet, Inc. (
Richard J. Lewis III, CEO of CITC, stated that, "The reason we have rescheduled our 2010 Annual Shareholder Meeting to December 10, 2010, is because several key corporate milestones are in various stages of completion, and as such, require all of our corporate focus and capital. First, our Wizard Lock Security™ Beta Test is scheduled for testing during October and November. It is imperative we complete the beta testing of our core product prior to releasing it into the marketplace."
"Second," Mr. Lewis added, "we are in the process of completing our 2008 and 2009 unaudited financial statements, which will be filed within the next 60 days with the preeminent technology and financial information provider for U.S. Over-the-counter securities markets, Pink OTC Markets. In addition, we will be filing unaudited financials for the first three quarters of 2010, which when filed, will allow us fully reporting status. This type of transparency is a necessary part of any proposed annual shareholder meeting."
"Third," Mr. Lewis said, "CITC is in the process of redesigning its web platform with IDEAS, a Disney spin-off and strategic alliance partner. We want to have this major technological upgrade completed prior to our 2010 Annual Shareholder Meeting."
Mr. Lewis concluded by stating that, "We look forward to the 2010 Annual Shareholder Meeting so we can show first-hand to our shareholders the corporate progress we have made the past 12 months, and furthermore, so we can set forth new, achievable corporate milestones for 2011."
About The Children's Internet, Inc.:
The Children's Internet, Inc. is the exclusive marketer and distributor of the most comprehensive, secure Internet service and "educational super portal" for children, pre-school to junior high, providing them with SAFE, real time access to millions of the best pre-selected, pre-approved, age-appropriate educational and entertaining web pages accessed through a kid-friendly search engine.
The Children's Internet provides kids with a rich array of easy to use applications, including secure e-mail, secure chat, search engine, homework help, games, news, learning activities and virtually limitless educational resources all within its safe, protected online community that gives kids a sense of freedom and parent's total peace of mind!
Awards won by The Children's Internet®:
The Children's Internet® was declared winner of Outstanding Products of 2006 by iParenting Media Awards in the software category.
The Children's Internet® received the coveted National Parenting Center's Seal of Approval.
The Children's Internet® was ranked by PC Magazine as Editors' Choice in the category of "Kids' Browsers and Services" and declared the winner, rated #1 over AOL, MSN and EarthLink.
For more information about our company, please visit: www.kidwideweb.net and request a password to view our corporate videos; or contact Richard J. Lewis III @ 916-631-1988. Or you can email us at info@kidwideweb.net. For additional information, you can also visit www.thechildrensinternetinc.com.
Forward-Looking Statements:
This press release may be deemed to contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements are made as of today's date and we do not undertake any obligation to update forward-looking statements. You can identify such statements by our use of such words as "should," "expect," "will," "intends," and similar words and phrases which denote future events and which may depend on the future performance of the Company. Specifically, these include statements as to future product releases, the implementation of strategic initiatives and the ownership in TCI upon completion of the transaction and whether or not the transaction will be consummated. Our assumptions underlying these statements are also "forward-looking" statements. Forward-looking statements are based on information and assumptions that are dynamic in nature and subject to rapid and sometimes abrupt changes. Our forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those stated or implied by the statements. Our forward-looking statements are also subject to important risks and uncertainties detailed in our latest reports filed with the SEC and available on its website at www.sec.gov.