APWL Advanced Powerline Technologies Inc (CE)

Advanced Powerline Technologies, Inc., (Pink Sheets:APWL) announces the acquisition of certain advanced intellectual property for Broadband over Power Line (BPL) and Power Line Communications (PLC). Advanced Powerline Technologies, Inc., further announced today that it has acquired from three inventors all their rights, title and interest in the most advanced communications network using installed electrical power lines that the company has seen. This technology is fully described in pending patent application for utility patents in the United States and elsewhere. These assignments include all rights and privileges under any letter of patent which may be granted from any subsequent patent applications directed to this invention including all rights throughout the entire world including those to sue for all past infringements which may have occurred prior to their execution of the assignment. The inventors also agreed to participate and perform all other acts which may be necessary or desirable to obtain a grant of valid patents for this unique invention in any other country throughout the world. The three inventors provided a warranty that they have full right to convey the entire right, title and interest to Advanced Powerline Technologies, Inc., and that it is free and clear of any encumbrance and that no other agreement will be executed in conflict with the company's acquisition of this technology. The company has engaged the services of the extremely efficient patent law firm of Patzik, Frank & Samotny LTD., located in Chicago, Illinois to prosecute patents and protect this intellectual property from any infringers to the benefit of Advanced Powerline Technologies, Inc., and its shareholders. Advanced Powerline Technologies believes this is the most advanced Broadband over Power Line (BPL) and Power Line Communications (PLC) technology in the world at this time. APT has been working diligently for more than one year to validate, quantify and acquire this technology as it believes it is a quantum leap forward in the advancement of Broadband over Power Line (BPL) and Power Line Communications (PLC) and renders the other technology virtually useless in the company's opinion. The company further states that the acquisition of this intellectual property will allow APT to fulfill its civic duty and corporate commitment as stipulated in the document that was filed on July 2, 2004 with the Federal Communications Commission (FCC), ET Docket # 03-104 and # 04-37, http://gullfoss2.fcc.gov/prod/ecfs/comsrch_v2.cgi. Once those are completed, the company will integrate this technology throughout all its product lines under its corporate standards which it set out in its Federal Communications Commission (FCC) statement ET Docket # 03-104 and # 04-37. This shall catapult the company into the forefront of Broadband over Power Line (BPL) and Power Line Communications (PLC) making Advanced Powerline Technologies, Inc., "THE WORLD LEADER IN POWERLINE COMMUNICATIONS(TM)." Advanced Powerline Technologies, Inc.'s, principal business focus is to create and develop Broadband over Power Line (BPL) and Power Line Communications (PLC) friendly devices, products and services. The company's principal products at this time are cellular phones and liquid crystal display (LCD) digital televisions with high definition tuners (HDTV). The company intends on marketing the sales of cellular phones and High Definition Digital Televisions (HDTV) internationally and domestically. Upon the completion of research, development, and the verification of test results of the company's Broadband over Power Line (BPL) and Power Line Communications (PLC) devices, the company intends to utilize the technology within the existing product platforms to enhance their capabilities. Advanced Powerline Technologies, Inc.'s main products will become Broadband over Power Line (BPL) and Power Line Communications (PLC) friendly devices with the Company's related hardware and system service. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.