LAS VEGAS, Nov. 1, 2005 (PRIMEZONE) -- The CEO of InRob Tech Ltd. ("InRob") (OTCBB:IRBL), Mr. Ben-Tsur Joseph, takes this opportunity to give you a brief update on InRob Tech Ltd.
"We have recently taken full control of the trading shell of Western Gaming Corp. and are now trading under the symbol (OTCBB:IRBL)."
"The Company is working in one of the most exciting and explosive high tech industries: Unmanned Ground Vehicle robots (UGVs)."
"Why do we refer to the UGV market as explosive?"
"The UGV market is targeted for unprecedented growth rates over the coming 3-5 years. Advances in remote-control technologies are leading to increased use of UGVs for "dirty and dangerous" missions in the unstructured, complex and changing outdoor environment of land operations. For example, UGVs are expected to produce significant changes in ground warfare. The US Congress has approved plans to ensure that one-third of US ground combat vehicles will be unmanned by 2015. As a result, the current U.S. defense budget includes significant increased funding for unmanned vehicle projects. In addition, as homeland security challenges continue to escalate, government allocations are reaching phenomenal appropriations figures."
"InRob plans to capitalize on this growth by using our collaborative 17+ years of experience, stellar reputation, and deep industry ties to significantly increase revenue growth by:
-- Working with our strategic partners to develop relationships
that ensure InRob a significant position in the military, homeland
security, and law enforcement markets. Each of these markets is
in need of our highly advanced and effective Explosive Ordinance
Disposal (EOD) technologies for their bomb squads, as well as
mobile surveillance technologies.
-- Attaining global presence and garnering wide distribution of our
products and advanced technologies.
-- Developing applications for the civilian market, such as our
outstanding UGV firefighting solution."
"InRob's solutions for all mission-critical applications are known for quality and performance -- we work under the highest standards of military specifications."
"Our standing in the industry affords us the opportunity to compete for projects that ensure our future as a profitable entity."
"Revenues in 2004 were at $1.2 million. With the contracts that we have for completion this year and those in progress for next year, we expect to see banner revenue growth."
"This growth will set us on a course that leads to further expansion in creating new comprehensive and even partial UGV systems for existing and new markets."
"As you know, InRob works closely with military and law enforcement agencies on mission-critical projects. This means that we are often restricted on the disclosure of information about our contracts. Please note that this is a generally accepted condition for doing business in these industries and not an excuse to hide information from the general public or our shareholders."
"I look forward to keeping you informed of our progress."
About InRob Tech
InRob Tech is a Nevada based high-tech company with a wholly owned subsidiary in Israel, specializing in the planning, manufacturing and service support of advanced wireless and remote control systems, operating all types of robots and other vehicles. The Company is a leader in its field, and supports the IDF (Israeli Defense Forces), Israeli police, and other military and civilian companies dealing with security. Founded in 1988, the Company works closely with other high-tech companies to provide the most advanced and comprehensive UGV solutions to the market.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.