iPackets International Inc. (IPKL)

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re post:1millto1 follow the links to the replys

Posted by: gabeh
In reply to: cyclone101 who wrote msg# 19614 Date:4/16/2007 8:37:31 PM
Post #of 20276

It's a copy of this PR issued by iPackets in December 2005. Here is the original with the same IR firm at the bottom of hte PR.

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iPackets International Receives US$85,000 Down Payment for Its First iPMine Deployment in China
VANCOUVER, BC -- (MARKET WIRE) -- December 30, 2005 -- iPackets International, Inc. ("iPackets") (OTC: IPKL), a global developer and provider of a wide range of wireless and communications solutions for selected enterprises including the mining industry, is pleased to announce the receipt of US$85,000 down payment for its first iPMine deployment in the People's Republic of China from its exclusive Chinese distributor iPackets International (China) Inc. ("iPackets-China").

Under the terms of the contract, iPackets-China will take delivery of the iPMine system in 1Q'06 and commence deployment shortly after. The deployment will be in one of five coal mines in the province of Inner Mongolia. iPackets-China is confident that it will outfit the remaining four mines with the iPMine system.

"This first contract confirms iPackets-China's commitment to promote the iPMine system," said Naiel Kanno, president and CEO of iPackets. "It's also a vote of confidence in our technology that tells industry-watchers that iPackets' iPMine is a must-have product to significantly improve mine-safety."

iPMine, iPackets' flagship product targeting the mine-safety industry, is a real-time 2-way wireless communications solution to track, monitor, and communicate with miners and equipment underground and above ground. The location information of the miners and equipment is collected and displayed live on one or more viewing monitoring stations against a background of the mine's terrain map. iPMine's scalability and flexibility features make it ideal to be deployed in any mine size supporting multiple levels and/or sites. iPMine's redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment.


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About the Mining and Mine-Safety Industries in China

There are over 280,000 mining enterprises in China of which 80,000 are state-owned. Mine-safety has been a major issue in the Chinese mining industry. More than 6,000 miners died in accidents in China last year; independent estimates say the real figure could be as high as 20,000. In February 2005, the Chinese State Administration of Work Safety mandated US$6.3 billion to be spent over the next three years to improve mine-safety at all state-owned mines.

About iPackets International, Inc.

iPackets International is a global developer and provider of a wide range of wireless and communications solutions for selected enterprises including mine-safety. iPackets' solutions utilize a breakthrough wireless technology to manage data packets, reliably and efficiently, over any wireless network and virtually on any wireless device. For more information, please visit www.ipackets.com.

Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.







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Contact:
Allegiant Financial Group
1 (866) 824 - 8227


SOURCE: iPackets International, Inc.