Advanced Powerline Technologies, Inc. Announces Several 2006 Initiatives
January 05 2006 - 3:29PM
PR Newswire (US)
WOODWARD, Okla., Jan. 5 /PRNewswire-FirstCall/ -- Advanced
Powerline Technologies, Inc., (OTC:APWL) ("APT"), a diversified
technology company, announces today that it is implementing an
initiative to become a fully reporting company. The Company is
undergoing a program to comply with the reporting requirements of
the Securities Exchange Act of 1934 and, thereafter, apply for an
Over the Counter Bulletin Board listing. While APT's ability to
trade on the OTCBB will require that it becomes compliant on a
number of issues, some beyond its control, the Company will begin
to take steps to achieve this objective. The first phase of the
initiative involves a standard audit of the Company's requisite
financials. This phase will be implemented this month. The company
feels that it will be able to market itself as a leader in
Broadband over Power Line (BPL) and Power Line Communications (PLC)
friendly devices, as well as a growing technology products
designer, manufacturer and distributor that creates innovative
devices which will have a price advantage over its competitors. "In
2005, APT laid the foundation for an exciting future. It is now
time to make sure our efforts receive the proper exposure; this is
an important step in that direction. We are committed to gaining
status on the Over-the-Counter Bulletin Board. Greater transparency
should attract new shareholders, as should the increased
visibility, liquidity, and overall market conditions that are
offered on the OTCBB," stated Jack Lin, APT Chairman and CEO.
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 monitors and high
definition tuners (HDTV) available for viewing television
programming. The company intends on marketing the sales of cellular
phones, high definition digital monitors and HDTV available for
viewing television programming internationally and domestically.
Upon the completion of research, development, and the verification
of test results of the company's BPL and PLC devices, the company
intends to utilize the technology within the existing product
platforms to enhance their capabilities. APT's main products will
become BPL and 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. Advanced Powerline
Technologies, Inc. Roland Butler, 580-921-2345 DATASOURCE: Advanced
Powerline Technologies, Inc. CONTACT: Roland Butler of Advanced
Powerline Technologies, Inc., +1-580-921-2345,
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