Advanced Technetix, Inc (fka AVXN)

[ragsisme]

Advanced Technetix Releases Statement from Chairman & CEO
Wednesday February 7, 9:30 am ET


ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Advanced Technetix, Inc. (Pink Sheets:AVXN - News) today released a statement from the company's Chairman and Chief Executive Officer, George Stevens. The statement reads as follows:
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Dear Advanced Technetix Shareholder,

Amid ongoing speculation and continued inquiries about the company's direction and progress, I wanted to take a moment to update you, the shareholder, about where we are in relation to where we started and where the company is headed.

When I took on the role of CEO in August of this past year, the Company, then known by its former name, eWan1, Inc., was fighting for its life. The company's singular proprietary intellectual property (IP) was not operational and had not even been completed. To make matters worse, a feasible plan did not exist to complete the technology that had been repeatedly heralded by the company's former management as being "ready."

My very first day on the job consisted of sitting with all of the company's engineers and employees and putting them to task. I mandated in no uncertain terms that they convince me of the value of this technology and the ability to complete the technology in short order, or alternatively, they could collectively pack their belongings and tender their immediate letters of resignation.

Eight hours later, I was sufficiently convinced that technology was not only viable, but could be completed and ready to bring to market in a matter of months. Since that day, a scant five months ago, we have completed the engineering and technology, built and thoroughly tested what I believe is a "game-changing" mobile IPtv solution and identified new markets in which to sell derivative or "spin-off" security products, such as the AccessKey(TM) and the AccessKey Vault(TM). We have also successfully generated revenue from the sale of key consumer electronics "platform" accessories through the domestic retail channel.

In the same time, we have hired two of the most well-respected marketing, lead generation and sales organizations in the U.S. to carry our flagship product(s) and message to cable companies, equipment makers, content developers and aggregators and our federal Government, as we have now officially made the transition from a company in the development stage of operations to one in the beginning of the sales and marketing stage.

My relatively short journey as the company's CEO has been anything but easy. As an organization we have faced many challenges and situations beyond our control that would have scuttled most companies. We have, however, against mounting odds, prevailed and I believe we are, as a company, stronger for the experience.

As we move into the marketing and sales stage of operations, I ask for your continued support. Irrespective of promises that were made by past management, Advanced Technetix is moving forward with aggressive resolve to create shareholder value through the sales of our IPtv and Security product(s). I look forward to delivering positive developments with respect to our sales and marketing initiatives in the coming months and thank you for your time and vote of confidence.

George Stevens, CEO
Advanced Technetix, Inc.

About Advanced Technetix, Inc.

Advanced Technetix is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms.

Advanced Technetix's AccessKey(TM) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" (voice, video and data) and "Quadruple Play" (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(TM) and portable flash drive-sized AccessKey PC(TM) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Advanced Technetix, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

For investor inquiries, please visit the Advanced Technetix Investor Relations Hub at http://www.agoracom.com/IR/AdvancedTechnetix, where investors can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to [e-mail], where they can request addition to the investor e-mail list to receive all future press releases and updates in real time.

Additional inquiries can be directed to the Company's website, www.advancedtechnetix.com, or can contact Bruce Palmer at 310-734-4254, x105.



Contact:
Advanced Technetix, Inc.
Bruce Palmer, 310-734-4254, x105
www.advancedtechnetix.com

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Source: Advanced Technetix, Inc.