tydon
10 years ago
CTX Virtual Technologies, Inc. Receives First Order From China Apple Retail Stores for the VK200 Virtual Keyboard Units
Oct 08, 2014
OTC Disclosure & News Service
-
CTX Virtual Technologies, Inc. Receives First Order From China Apple Retail Stores for the VK200 Virtual Keyboard Units
BOCA RATON, FL--(Marketwired - Oct 8, 2014) - CTX Virtual Technologies, Inc. (PINKSHEETS: CTXV), a technology company that manufactures and distributes mobile telecommunication and virtual imaging devices, touch screens and tablets, announced that it has received a large initial order from China Apple retail stores for its popular VK200 virtual keyboards.
The initial order, which is expected to be delivered in October 2014, will allow for select Apple authorized retail stores to display and promote the VK200 in China. The VK200 units come with the latest version 1.08 operating software, providing faster response time as well as increased keyboard brightness. The latest software version also allows for the new ten (10) finger typing mode, which provides a true keyboard replacement option.
Clifford Rhee, CEO, stated, "We are very satisfied with the growing VK200 sales internationally as we look to launching other innovative products with our key channel partners. Even with the generous product return policies available to consumers, we are equally pleased with the low level of product returns, indicating customer satisfaction."
Forward-Looking Statement Disclaimer
The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2693826
For more information: Contact
Cliff Rhee
Info@ctxtechnologies.com
tydon
10 years ago
CTX Virtual Technologies, Inc. Receives First Order From China Apple Retail Stores for the VK200 Virtual Keyboard Units
Oct 08, 2014
OTC Disclosure & News Service
-
CTX Virtual Technologies, Inc. Receives First Order From China Apple Retail Stores for the VK200 Virtual Keyboard Units
BOCA RATON, FL--(Marketwired - Oct 8, 2014) - CTX Virtual Technologies, Inc. (PINKSHEETS: CTXV), a technology company that manufactures and distributes mobile telecommunication and virtual imaging devices, touch screens and tablets, announced that it has received a large initial order from China Apple retail stores for its popular VK200 virtual keyboards.
The initial order, which is expected to be delivered in October 2014, will allow for select Apple authorized retail stores to display and promote the VK200 in China. The VK200 units come with the latest version 1.08 operating software, providing faster response time as well as increased keyboard brightness. The latest software version also allows for the new ten (10) finger typing mode, which provides a true keyboard replacement option.
Clifford Rhee, CEO, stated, "We are very satisfied with the growing VK200 sales internationally as we look to launching other innovative products with our key channel partners. Even with the generous product return policies available to consumers, we are equally pleased with the low level of product returns, indicating customer satisfaction."
Forward-Looking Statement Disclaimer
The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2693826
For more information: Contact
Cliff Rhee
Info@ctxtechnologies.com
Derf11
11 years ago
press release
Feb. 14, 2014, 1:40 p.m. EST
CTX Virtual Technologies, Inc. Enters Into Negotiation for Additional Growth Capital
BOCA RATON, FL, Feb 14, 2014 (Marketwired via COMTEX) -- CTX Virtual Technologies, Inc. (otc pink:CTXV), a technology company that manufactures and distributes mobile telecommunication and virtual imaging devices, touch screens and tablets, announced that it has entered into a negotiation to secure up to an additional $50 million in debt financing, from a US-based institutional investor.
Upon successful closing, which is expected to be in March 2014, the company plans to use the funds for capacity expansion for new orders, product development, strategic acquisitions, debt repayment and other corporate expenditures. The funding is subject to further due diligence and entering into of a definitive agreement, which would include customary closing conditions, including but not limited to respective board approvals. There can be no assurance that The Company will be successful in closing the financing in the time frame anticipated or at all.
Clifford Rhee, CEO, stated, "In step with our continued growth in revenues and new contracts, we welcome additional growth capital to accomplish the company's long-term objectives. We have recently completed the initial stage of capacity expansion and will continue to expand our capacity that is needed to accommodate our growing customer demand and backlog of orders."
Forward-Looking Statement Disclaimer The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights
For more information:
Contact
Ed Carter
ed.carter@ctxtechnologies.com
702-561-1790
SOURCE: CTX Virtual Technologies, Inc.
Derf11
11 years ago
press release
Feb. 14, 2014, 1:40 p.m. EST
CTX Virtual Technologies, Inc. Enters Into Negotiation for Additional Growth Capital
BOCA RATON, FL, Feb 14, 2014 (Marketwired via COMTEX) -- CTX Virtual Technologies, Inc. (otc pink:CTXV), a technology company that manufactures and distributes mobile telecommunication and virtual imaging devices, touch screens and tablets, announced that it has entered into a negotiation to secure up to an additional $50 million in debt financing, from a US-based institutional investor.
Upon successful closing, which is expected to be in March 2014, the company plans to use the funds for capacity expansion for new orders, product development, strategic acquisitions, debt repayment and other corporate expenditures. The funding is subject to further due diligence and entering into of a definitive agreement, which would include customary closing conditions, including but not limited to respective board approvals. There can be no assurance that The Company will be successful in closing the financing in the time frame anticipated or at all.
Clifford Rhee, CEO, stated, "In step with our continued growth in revenues and new contracts, we welcome additional growth capital to accomplish the company's long-term objectives. We have recently completed the initial stage of capacity expansion and will continue to expand our capacity that is needed to accommodate our growing customer demand and backlog of orders."
Forward-Looking Statement Disclaimer The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights
For more information:
Contact
Ed Carter
ed.carter@ctxtechnologies.com
702-561-1790
SOURCE: CTX Virtual Technologies, Inc.
Derf11
11 years ago
CTX Virtual Technologies, Inc. Completes the First Phase of Key Vendor Certification With Huawei
6 minutes ago - DJNF
CTX Virtual Technologies, Inc. Completes the First Phase of Key Vendor Certification With Huawei
BOCA RATON, FL--(Marketwired - Jan 29, 2014) - CTX Virtual Technologies, Inc. (OTC Pink: CTXV) a technology company that manufactures and distributes mobile telecommunication, virtual imaging, touch screen and tablet announces that it has successfully completed the first phase of vendor certification with Huawei Technologies Co., Ltd, the world's largest telecommunication equipment maker based in Shenzhen, China.
Shenzhen Kuanda Technology Company Ltd., ("Kuanda") an operating subsidiary of CTX, has successfully passed the initial quality testing of its LCD touch screens to be used for Huawei's smartphone manufacturing. Upon successful completion of the qualification process, it is expected that Kuanda will supply over one million screens per month.
In anticipation for the Huawei's requirements for 2014, CTX has initiated its capacity expansion along with production upgrades to accommodate the additional orders. With the additions of fully automated lines for glass cutting and LED bonding for size mix of 1.8 inch to 13.5 inch screens, CTX plans to increase its monthly output by 33% or more.
Forward-Looking Statement Disclaimer
The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to the results of our 2012 audit, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights. In addition, there can be no assurance that the activities to be performed under the Statement of Work with the global auto parts manufacturer mentioned above will prove successful or that a meaningful transaction with such party will result therefrom.
For more information, contact:
Ed Carter
ed.carter@ctxtechnologies.com
702-561-1790
(MORE TO FOLLOW) Dow Jones Newswires
January 29, 2014 12:03 ET (17:03 GMT)
Derf11
11 years ago
Press Release Out Today
CTX Virtual Technologies, Inc. Completes the World's First Green Virtual Laser Keyboard
7 hours 34 minutes ago - DJNF
CTX Virtual Technologies, Inc. Completes the World's First Green Virtual Laser Keyboard
Launch Scheduled at the 2014 Consumer Electronics Show in Las Vegas
BOCA RATON, FL--(Marketwired - Nov 6, 2013) - CTX Virtual Technologies, Inc. (OTC Pink: CTXV), a technology company that manufactures and distributes mobile telecommunication, virtual imaging, touch screens and tablets, announces the completion of the world's first virtual keyboard using green laser.
CTX has developed the world's first true green virtual laser keyboard in an extremely small form factor the size of a matchbox allowing over 2 hours of continuous usage per charge. CTX has successfully developed the next generation true green laser diodes. Green laser diodes have until now been generated by converting the wavelength of infrared laser light from a light source using optical materials, but the light source is large and expensive. In addition, the conventional green lasers have difficulties achieving sufficient luminosity as their performance is limited to low output power. By introducing new techniques and improving the entire semiconductor laser production process, including structural design, crystal growth, wafer processing, and electrode configuration. CTX has been able to successfully develop true green semiconductor laser with an optical output power of more than 50 milliwatts at a wavelength of 520 nanometers. This true green semiconductor laser diode is highly reliable and up to 3 times brighter than the currently utilized red keyboard projections. CTX has successfully packaged and created specialized diffractive optics to work with this new diode and will display the first prototypes at the CES 2014 with consumer production expected to start in the first quarter of 2014.
"This is another critical milestone in our R&D efforts to create unique and innovative technology. We fully expect to incorporate the new green laser diodes to all of our current products that have virtual input functionalities including VK200, MISEETX and VK300 to name a few. A special recognition goes to our Chief Technology Officer David Lithwick and his Taiwan based optical engineers who have worked on this project for the past two years," said Clifford Rhee, CTX President and Chief Executive Officer.
Forward-Looking Statement Disclaimer
The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to the results of our 2012 audit, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights. In addition, there can be no assurance that the activities to be performed under the Statement of Work with the global auto parts manufacturer mentioned above will prove successful or that a meaningful transaction with such party will result therefrom.
For more information:
Contact
Ed Carter
ed.carter@ctxtechnologies.com
702-561-1790
(MORE TO FOLLOW) Dow Jones Newswires
November 06, 2013 12:53 ET (17:53 GMT)
Derf11
11 years ago
CTX Virtual Technologies, Inc. Reports a 240% Revenue Increase for the 6 Months Ending June 30, 2013
6 days 3 hours 22 minutes ago - DJNF
CTX Virtual Technologies, Inc. Reports a 240% Revenue Increase for the 6 Months Ending June 30, 2013
BOCA RATON, FL--(Marketwired - Oct 9, 2013) - CTX Virtual Technologies, Inc. (OTC Pink: CTXV) a technology company that manufactures and distributes mobile communication, electronic devices, virtual imaging, touch screen, tablets and mobile data input accessories today released its results for the six months ending June 30, 2013. Revenues from continuing operations increased 240% to $91,321,434 compared with $26,730,780 for the same period of 2012. Gross profit for the same period increased 149% to $9,940,993 with Income from operations exceeding $5.7 million. Excluding non-cash items EBITDA for the period was $7.7 million compared to $2.9 million for the same period 2012.
Clifford Rhee, CEO, stated "We are continuously striving to improve our bottom line and shareholder value. In the 2(nd) quarter 2013, we successfully launched our VK200 KEYFOB(TM) with our retail channel partners and are making a concerted effort to complete other proprietary product developments which will add to the company's rapid growth trend."
Forward-Looking Statements -- The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to the results of our 2012 audit, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
For more information:
Contact
Ed Carter
ed.carter@ctxtechnologies.com
702-561-1790
(MORE TO FOLLOW) Dow Jones Newswires
October 09, 2013 06:00 ET (10:00 GMT)
Derf11
11 years ago
CTX Virtual Technologies, Inc. Reports a 200% Increase to $119.1 Million for 2012 Audited Year End Revenues
Net Income Increases 800%
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BOCA RATON, Fla., June 12, 2013 /PRNewswire/ -- CTX Virtual Technologies, Inc. (OTCPink: CTXV) a technology company that manufactures and distributes mobile telecommunication, virtual imaging, touch screen and tablet manufacturing along with mobile data input accessories today announced its results for the year ending December 31, 2012. Sales from continuing operations were $119,160,232 and Net income of $13,587,643 or $0.67 per basic share and $0.39 per diluted shares. Excluding a one-time non-reoccurring charge for the deconsolidation of a subsidiary net income was $18,690,157 compared to 2011 sales of $39,979,915 and Net income of $1,518,800 or $.09 basic and $.05 fully diluted.
Clifford Rhee, CEO, stated, "2012 year-end results are the culmination of our concerted efforts to improve our bottom line and shareholder value. CTX is committed to continuous improvements in our manufacturing processes and refining our proprietary intellectual properties. In 2012, we have added a multitude of new products to our current suite of products including LTE Smart phones, tablets and virtual sensing touch pads. We plan to incorporate our virtual keyboard chipsets to key products enabling the users to have mobile data input capabilities."
Forward-Looking Statements -- The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to the results of our 2012 audit, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights. In addition, there can be no assurance that the activities to be performed under the Statement of Work with the global auto parts manufacturer mentioned above will prove successful or that a meaningful transaction with such party will result therefrom.
For more information: Contact Ed Carter at ed.carter@ctxtechnologies.com or 702-561-1790
Derf11
12 years ago
CTX Virtual Technologies, Inc. Releases First Shipment of the MiSeeTX Mini-Computer to Leading International Technology Company
20 hours 7 minutes ago - DJNF
BOCA RATON, Fla., April 10, 2013 /PRNewswire/ -- CTX Virtual Technologies, Inc. (OTCPink: CTXV), a technology company that manufactures and distributes mobile telecommunication, virtual imaging and mobile data input accessories, today announced it has started the fulfillment of a supply order for the world's smallest fully integrated minicomputer to one of the largest consumer electronics companies in the world. The MiSeeTx minicomputer was introduced to the public at the 2012 Consumer Electronics Show in Las Vegas to rave reviews and has been gaining steady momentum in the world of computing by showcasing the CTX state-of the-art proprietary stacking and miniaturization technology.
Clifford Rhee, CEO, stated, "We have worked very hard over the past year to make the MiSeeTx shipments possible. Now with the release of these first units we will be ramping up our manufacturing facility with a production goal of 15,000 units per month." Rhee went on to announce the launching of its new website and electronic commerce homepage www.ctxtechnologies.com. Rhee stated, "The new website is part of CTX's continuous advancement of our products and backroom support for e-commerce, software updates of our products and social media network. The new website allows the reader to activate 3D previews of all of our products as well as enable direct on-line ordering."
Forward-Looking Statements -- The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to the results of our 2012 audit, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights. In addition, there can be no assurance that the activities to be performed under the Statement of Work with the global auto parts manufacturer mentioned above will prove successful or that a meaningful transaction with such party will result therefrom.
For more information: Contact Ed Carter at ed.carter@ctxtechnologies.com or 702-561-1790
SOURCE CTX Virtual Technologies, Inc.
/Web site: http://www.ctxtechnologies.com
Derf11
12 years ago
press release
Feb. 11, 2013, 2:29 p.m. EST
CTX Virtual Technologies, Inc. Announces Preliminary Financial Results for 2012
BOCA RATON, Fla., Feb 11, 2013 (BUSINESS WIRE) -- CTX Virtual Technologies, Inc. CTXV +62.38% today announced certain preliminary financial results for its fiscal year ended December 31, 2012. Final results will be released upon completion of the 2012 audit.
Net revenue for 2012 is expected to be approximately $65 million, reflecting a 64% increase over the prior year amount of $39.9 million. The increase is expected to be driven by improved sales of existing products as well as the introduction of new products.
Selling, general and administrative expenses is expected to increase in absolute terms, but is expected to decline as a percentage of revenue from 11.7% in 2011 to 8.1% in 2012. Income from operations for 2012 is expected to be approximately $3.9 million, compared to a $560K loss from operations for the prior year.
The Company also announced that it has entered into a Statement of Work with a global auto parts manufacturer pursuant to which the Company is to design and develop a laser/IR based projection system for a commercial vehicle application. The first phase of the project is scheduled be completed by April, 2013.
Forward-Looking Statements -- The statements made in this release may contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which the Company currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to the results of our 2012 audit, our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights. In addition, there can be no assurance that the activities to be performed under the Statement of Work with the global auto parts manufacturer mentioned above will prove successful or that a meaningful transaction with such party will result therefrom.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130211006165r1&sid=cmtx4&distro=nx
SOURCE: CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc.
Ed Carter, 702-561-1790
ed.carter@ctxtechnologies.com
Copyright Business Wire 2013
derf1
13 years ago
CTX Virtual Technologies, Inc. Enters Joint Venture Discussions With Beijing Broadcast Co. to Provide Telematics Products
Published: September 26, 2011 6:00 AM
By The Associated Press
BOCA RATON, Fla. - --(BUSINESS WIRE)--Sep. 26, 2011-- CTX Virtual Technologies, Inc. ("CTXV" or the "Company") (Pinksheets: CTXV - News), announced today that its subsidiary Kaibida International Limited has begun discussions with Beijing Broadcast Co. to develop and market telematics products for Beijing Broadcast subscribers.
Clifford M. Rhee, CEO, stated, "This is a significant opportunity for the company to enhance our automotive related projection technology with a major broadcaster who carries a significant number of subscribers.”
Telematics is a multi-smart platform of interactive information downloaded on a vehicle device which is supported by a background service. Telematics system is integrated technology of GPS (Global Positioning System) and GSM (Global System for Mobile) to be used as a navigational system and to locate or rescue a lost or stolen vehicle. Kaibida and Beijing Traffic Broadcast (as BTB) look forward to working together on this joint venture which allows the Telematics system to provide interactive information on-line, utilizing the monopolizing role of traffic broadcast by BTB. This service is trending up along with the rapidly increasing number of vehicles in China. Currently, Beijing Broadcast Co. has 85% audience penetration in the Beijing area with over 6 million vehicles.
Telematica Main service:
1. Driving assistant: A special unique logo or virtual secretary will be displayed on the windshield to remind the driver of information he should focus on.
2. Information on-line: This service is similar to QQ or MSN displayed on the windshield which is interactive information between the driver and the background base over the internet through 3G mobile technology.
3. 3D Navigation: Is a real time 3D road display on the windshield reporting road situations by a DAB (Digital Audio Broadcast) system from time to time. When the vehicle speed reaches 60km per hour, the navigation display automatically changes to a virtual road map.
4. Background Service: Background Service of BTB has grown to over 100,000 driver club members since established two years ago. Through the DAB and 3G communication system we can provide remote help anytime the member experiences a problem.
5. Internet Connection: We can provide mobile internet connection service through the 3G communication system with preferential pricing provide by a contracted mobile signal carrier.
6. Night Vision safety: This is an optional item designed in the system for detecting and identifying object in the road utilizing night vision sensors providing the driver with additional safety while driving at night.
7. Drivers club on-line: This service focus on real-time dialogue between multiple drivers connected together through the 3G communication system with preferential pricing provide by a contracted mobile signal carrier.
8. Telematic Device: The Telematic device with GPS, HUD and DAB functions will be integrated with a Smartphone via Bluetooth connection.
CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements - The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX’s expectations, should be considered as forward looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
CONTACT: CTX Virtual Technologies, Inc.
Clifford Rhee, 561-962-2835
info@ctxtechnologies.com
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS TELECOMMUNICATIONS MOBILE/WIRELESS
SOURCE: CTX Virtual Technologies, Inc.
derf1
13 years ago
CTX Virtual Technologies, Inc. (Pink Sheets: CTXV) a technology company that manufactures and distributes mobile telecommunication, IT data management, virtual imaging and mobile data input accessories today released its audited annual financial results for the year ending December 2010 and 2 nd quarter ending June, 2011.
For the year ending December 31, 2010, CTX reported consolidated revenue of $34.3 million with a gross profit of $6.2 million. After one time Non-operating expenses of $9.2 million relating to research and development, investment banking cost and present value of stock issuance, CTX had a net loss of $6.4 million or $(1.8) per basic and diluted share.
For the 2 nd quarter ending June 30, 2011, CTX reported consolidated revenue of $22.4 million with gross profit of $4.1 million. Accounting for the reversal of charges relating to the stock issuance valuation, CTX accrued a net profit of $5.6 million or $1.5 per basic and diluted shares.
Clifford M. Rhee, CEO, stated, “With the completion by BDO of our financial audit for 2010, we are poised to elevate the company to the next level and execute on a number of strategic business and corporate objectives for 2011 and beyond.”
“The completion of our audited financials has been long awaited but finally we are at a strategic position to file our application to uplist our stock which in turn we hope will enhance and maximize shareholder value,” said Jerry Feldman, Chairman of the Board of CTX.
CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
derf1
13 years ago
August 01, 2011
CTX Virtual Technologies Amends Three-Year, $60 Million Purchase Agreement with TGE Group
By Sujata Garud
TMCnet Contributor
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A virtual telecommunications technology company, CTX Virtual Technologies, Inc., announced that certain product selections have been amended for a previously announced volume purchase agreement with TGE Group. TGE Group, a leading electronics provider of multi-functional digital multimedia devices for worldwide OEM/ODM customers, provides products for a number of global consumer electronics companies.
According to the amendment, the products referencing the evoMouse and CL-850 virtual keyboards and added the next generation CTX VK-200, MiSEETX Micro computer and Integrated Chip for the Tablet PC have been removed. Apart from this amendment, the other terms of the contract remain unchanged. TGE has formally agreed to purchase from CTX, in the three-year duration and the CTX have agreed to sell to TGE, with units of their products having an aggregate purchase price of $60 million (or an aggregate of two million product units).
CTX Virtual Technologies was recently in news when it announced that it has reached a development project agreement to showcase, private label and distribute the new MiSeeTX mini-computer worldwide. The agreement is structured as a royalty payment to CTX for up to 15 percent of worldwide sales with potential royalty income to the company of up to $16 million dollars. CTX will receive a $760,000 payment for non-reoccurring engineering charges, thereafter the technology company will also assume all costs for ramp-up and manufacturing. The MiSeeTX mini-computer, which received rave reviews at the Las Vegas Consumer Electronics Show, has steadily gained momentum in the world of computing technology. The state-of the-art proprietary 3D projection and virtual display programs have put the MiSeeTX computer at the forefront of new exciting technology.
Clifford M. Rhee, CEO, stated, “We have worked very hard over the past year to make CTX a household name in the world of smartphone manufacturing, computing technology and our flagship virtual display. To be recognized by a leading international technology company demonstrates that our proprietary innovative product lines are the wave of the future.”
Sujata Garud is a TMCnet freelancer with three years of writing/editing experience and two years of market research experience. As an editor she has covered the IT, electronics, banking, pharma, construction, mining and healthcare industries. To see more of her articles, please visit her columnist page.
derf1
13 years ago
CTX Virtual Technologies raises $5 million in private placement
19 hours 13 minutes ago - DTF via Comtex
Datamonitor Financial Deals Tracker
CTX Virtual Technologies, Inc., a US-based telecommunications technology company, has raised 5 million in private placement.
The offering consisted of equity, debt and other security.
Deal Value (US$ Million) 5
Deal Type Private Placement
Sub-Category None
Deal Status Completed: 2011-07-26
Deal Participants
Target (Company) CTX Virtual Technologies, Inc. (formerly Petroleum Consolidators of America, Inc.)
Acquirer (Company) Undisclosed Investors*
derf1
13 years ago
CTX Virtual Technologies, Inc. Announces an Amendment to the Three-Year $60 Million Purchase Agreement with a Major Electronics Distributor
2 hours 31 minutes ago - BIZ via Comtex
BusinessWire
CTX Virtual Technologies, Inc. ("CTXV" or the "Company") (Pinksheets: CTXV - News), announced today that certain product selections have been amended for a previously announced volume purchase agreement with TGE Group, a leading electronics provider of multi-functional digital multimedia devices for worldwide OEM/ODM customers. TGE Group sources product for a number of global consumer electronics companies. Under the amendment, we have removed the products referencing the evoMouse and CL-850 virtual keyboards and added the next generation CTX VK-200, MiSEETX Micro computer and Integrated Chip for the Tablet PC. All other terms of the contract remain the same. During the three-year period, TGE has agreed to purchase from us, and we have agreed to sell to TGE, units of our products having an aggregate purchase price of $60 million (or an aggregate of two million product units).
CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements - The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
SOURCE: CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc.
Clifford Rhee, 561-962-2835
mrbizzard
13 years ago
CTX Virtual Technologies, Inc. ("CTXV" or the "Company") (Pink Sheets: CTXV) announced today that it received a financing offer from a private equity firm relating to the company’s plan to acquire a controlling interest in a strategic automotive parts manufacturer (previously announced in November 2010). The $8.0 million financing is subject to due diligence and the approval of final terms by the board of directors of CTX.
Clifford M. Rhee, CEO, stated, "This financing is an important step to complete the planned acquisition of a strategically important manufacturer which will provide a platform for CTX to supply our proprietary Heads Up Display (HUD) and other innovative products."
Financial terms of the proposed transaction were not released. In 2010, the target acquisition company achieved $72.0 million in sales with $6.9 million EBITDA.
CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements - The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX’s expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
derf1
14 years ago
CTX Signs Development Project Agreement with Leading International Technology Company
Written by TradersHuddle Staff
Tuesday, 26 April 2011 06:04
BOCA RATON, Fla.-( Business Wire )-
CTX Virtual Technologies, Inc. (Pink Sheets: CTXV) a technology company that manufactures and distributes mobile telecommunication, virtual imaging and mobile data input accessories today announced that it has reached a development project agreement to showcase, private label and distribute the new MiSeeTX mini-computer worldwide. The agreement is structured as a royalty payment to CTX for up to 15% of worldwide sales with potential royalty income to the company of up to $16 million dollars. CTX will receive a $760,000 payment for non-reoccurring engineering charges, thereafter the technology company will also assume all costs for ramp-up and manufacturing. The MiSeeTX mini-computer which received rave reviews at the Las Vegas Consumer Electronics Show has steadily gained momentum in the world of computing technology. The state-of the-art proprietary 3D projection and virtual display programs have put the MiSeeTX computer at the forefront of new exciting technology.
Clifford M. Rhee, CEO, stated, “We have worked very hard over the past year to make CTX a household name in the world of smartphone manufacturing, computing technology and our flagship virtual display. To be recognized by a leading international technology company demonstrates that our proprietary innovative product lines are the wave of the future." Rhee went on to say, “Today we are also announcing the resignation of one of our original board members, David Cohen, who has served our company well guiding us through the first year as a public company. Mr. Cohen was the original controlling shareholder of Petroleum Consolidators of America Inc before it completed the merger with CTX Virtual Technologies, Inc."
CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
For CTX Virtual Technologies, Inc.Ed Carter, 702-561-1790ecsdlv@hotmail.comThis e-mail address is being protected from spambots. You need JavaScript enabled to view it
derf1
14 years ago
CTX Virtual Technology Announces Financial Results
1 days 9 hours 38 minutes ago - BIZ via Comtex
BusinessWire
CTX Virtual Technologies, Inc. (Pink Sheets: CTXV) a technology company that manufactures and distributes mobile telecommunication, IT data management, virtual imaging and mobile data input accessories today announced the financial results for the nine months ending September 2010. Revenues for the nine months ending September 2010 were $36.3 million. Net income on GAAP basis for the nine months ending September 2010 was $1.4 million.
Clifford M. Rhee, CEO, stated, "Over the past year we have made significant progress implementing our profitability and cash flow generation plan through the closing of our Private Placement which raised over $7.5 million of working and investing capital. We will continue to focus on our core business while capitalizing on the technologies that are being developed in areas of embedded virtual keyboards, 3D electronic projection and the world's first fully integrated minicomputer. In the coming months we will set our sights on the release of new technology while improving our profitability through concentrating our focus on modernization and additional ways to reduce expense and increase profit margins." Rhee went on to say, "Our auditing firm BDO is currently working on the completion of our year end 2010 results, which we expect to be releasing in the near future."
CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
SOURCE: CTX Virtual Technologies, Inc.
For CTX Virtual Technologies, Inc.
Ed Carter, 702-561-1790
ecsdlv@hotmail.com
derf1
14 years ago
CTX Virtual Technologies, Inc. (Pink Sheets: CTXV) announced today that it has engaged Wall Street Edge Investor Relations (WSE) to provide investor relations and financial communications. CTX is a technology company that manufactures and distributes mobile telecommunication, IT data management, virtual imaging and mobile data input accessories. WSE will work closely with CTX management and board members to design a comprehensive exposure program to introduce CTX to the investment community.
Together, these programs will span a broad spectrum of the investment world while offering an aggressive and comprehensive exposure program focused on the individual, institutional and retail stockbroker. The CTX awareness program will bring to the forefront a fully integrated plan built to broaden the shareholder base and increase shareholder equity. These programs will introduce new and ongoing growth strategies that will highlight company accomplishment and establish the company’s goal of increased market capitalization.
Clifford M. Rhee, CEO, stated, "We have reached another milestone at CTX and feel it’s time to introduce our company to the investing public. With our accelerated pace of growth and our soon to be released audited 2009 and Q3 financials the time was right to seek out an Investor Relations firm that understood our products and the wants and needs of the investing public. "
CTX Virtual Technologies, Inc. CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
derf1
14 years ago
CTX Virtual Technologies, Inc. Launches MiSeeTX at the 2011 Consumer Electronics Show in Las Vegas
2 hours 47 minutes ago - INW
Marketwire
CTX Virtual Technologies, Inc. ("CTXV" or the "Company") (PINKSHEETS: CTXV) launched the latest product MiSeeTX micro computer at the 2011 Consumer Electronics Show held in Las Vegas. The latest product is world's smallest fully functioning micro-computer using Intel Atom 1.6 GHz with full I/O capabilities in the box. The system weighs less than 2 lbs and incorporates the latest 66 inch Pico High Definition projection using Digital Light Processor technology and mobile data input capabilities. The product garnered considerable attention with various media and electronic distribution attendees.
Clifford M. Rhee, CEO, stated, "The launch of our latest product confirms our commitment to continuous innovation and adding to our current mobile application products."
The company plans to supply the products through global distribution channel partners.
CTX Virtual Technologies, Inc. CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1477516
For further information, contact:
Clifford Rhee
CTX Virtual Technologies, Inc.
Tel: (561) 962-2835
e-mail: info@ctxtechnologies.com
derf1
14 years ago
CTX Virtual Technologies, Inc. Signs Letter of Intent to Acquire a Strategic Automotive Parts Manufacturer
Friday 11/19/2010 12:21 PM ET - Marketwire
Related Companies
Symbol Last %Chg
CTXV 2.35 38.24%
As of 3:03 PM ET 11/19/10
CTX Virtual Technologies, Inc. ("CTXV" or the "Company") (PINKSHEETS: CTXV), announced today that it has signed a letter of intent for the proposed acquisition of controlling interest in a strategic automotive parts manufacturer. The target company will be acquired by one of CTX's wholly owned subsidiaries and is subject to the negotiation and execution of a definitive acquisition agreement as well as completion of legal and financial due diligence and other customary closing conditions. The acquisition is expected to be completed in the first quarter of 2011.
Jerome Feldman, chairman of CTX Virtual Technologies, said, "This acquisition should facilitate the company's growth by expanding outside its traditional markets."
Clifford M. Rhee, CEO, stated, "The target acquisition will provide us the necessary qualification and size to implement other innovative products within the automotive sector."
Financial terms of the proposed transaction were not released. In 2009, the target acquisition company achieved $59.8 million in sales with $5.9 million EBITDA.
CTX Virtual Technologies, Inc. CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward-looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
For further information, contact:
Clifford Rhee
CTX Virtual Technologies, Inc.
Tel: (561) 962-2835
e-mail: info@ctxtechnologies.com
derf1
14 years ago
CTX Virtual Technologies, Inc. Announces Initial $45 Million Order for 200,000 Units of 3G Smart Phones From Major China Communications Company
Monday 10/04/2010 2:16 PM ET - Marketwire
Related Companies
Symbol Last %Chg
CTXV 1.40 8.53%
As of 3:56 PM ET 10/4/10
CTX Virtual Technologies, Inc. (PINKSHEETS: CTXV) announced that it has signed a supply agreement with Beijing Broadcasting Corporation in co-operation with Beijing Capitel for the purchase of 200,000 units of smart phones with special features for a total of $45 Million USD. The first 20,000 unit release is scheduled for delivery by the end of 2010. The phone will feature GPS, digital broadcast, traffic information and other special applications.
In commenting on the supply agreement, Clifford Rhee, CEO of the Company, stated, "We are pleased to work with a major communication player in China. Based on the past success with this long-term client, we have every confidence that the new model will be well received by the buying public."
"This phone will open up tremendous opportunities for smart phone application such as remote data terminals to receive broadcasted contents," said Stephen Lee, Managing Director of Kaibida International Limited, a wholly owned subsidiary of CTX.
CTX Virtual Technologies, Inc. CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
For further information, contact:
Corporate:
Clifford Rhee
CTX Virtual Technologies, Inc.
Tel: (561) 962-2835
SOURCE: CTX Virtual Technologies, Inc.
derf1
14 years ago
CTX Virtual Technologies, Inc. Announces a Three-Year $60 Million Purchase Agreement With a Major Electronics Distributor
BOCA RATON, FL--(Marketwire - August 30, 2010) - CTX Virtual Technologies, Inc. ("CTXV" or the "Company") (PINKSHEETS: CTXV) announced today that its wholly owned subsidiary, Kaibida International Limited, has entered into a volume purchase agreement with TGE Group, a leading electronics provider of multi-functional digital multimedia devices for worldwide OEM/ODM customers. TGE Group sources product for a number of global consumer electronics companies. Under the agreement, we have appointed TGE Group as a worldwide distributor of our evoMouse, virtual keyboard and other consumer electronics products, with exclusivity for three years for certain of TGE Group's existing customers. During the three-year period, TGE has agreed to purchase from us, and we have agreed to sell to TGE, units of our products having an aggregate purchase price of $60 million (or an aggregate of two million product units). The initial shipment is expected to start in the 4th quarter of 2010.
CTX Virtual Technologies, Inc.
CTX Virtual Technologies, Inc., through its subsidiaries, is a virtual telecommunications technology company with facilities in the U.S., China, Canada, and Korea. For more information about the Company, please visit the Company's web site at www.ctxtechnologies.com.
Forward-Looking Statements -- The statements made in this release that are not historical facts contain forward-looking information that involves risks and uncertainties. All statements, other than statements of historical facts, which address CTX's expectations, should be considered as forward- looking statements. Such statements are based on knowledge of the environment in which CTX currently operates, but because of risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that may cause actual results to differ from anticipated results include, but are not limited to our ability to obtain orders and fill orders on a timely basis, our ability to obtain funding as and when needed, market acceptance of new products incorporating our technologies, the success of our product design and research and development efforts, intense competition, risks of doing business in China and other foreign markets, our ability to manage growth and our ability to successfully protect and enforce our intellectual property rights.
For further information, contact:
Clifford Rhee
CTX Virtual Technologies, Inc.
Tel: (561) 962-2835
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