IBIZ Technology Corp (fka IBZT)

[eliaman]

Thursday , July 22, 2004 16:57 ET

PITTSBURGH, Jul 22, 2004 /PRNewswire via COMTEX/ -- Virtual Devices Inc. (VDI) and iBIZ Technology Corp. (OTC Bulletin Board: IBZT) today announced the signing of worldwide exclusive license and distribution agreement. Virtual Devices, headquartered in Pittsburgh, specializes in the development of innovative virtual input device technologies including design and development of a Virtual Keyboard.

VDI owns key intellectual property rights, patents and patent-pending applications related to its virtual data input products. Virtual Devices provides significant advantages through the dynamics of their virtual keyboard design, including patent protection and control of the intellectual property.

By combining the engineering and design acumen of VDI with the marketing and distribution strengths of iBIZ, our two companies will benefit mobile computing customers like never before," said Peter J. Hanowich, President and Chief Executive Officer of Virtual Devices, Inc.

The virtual keyboard uses light to project a full-sized computer keyboard onto almost any surface, and disappears when not in use. Used with Smart Phones, PDAs, and any computing platform the Virtual Keyboard provides a practical way to do email, word processing and spreadsheet tasks, allowing the user to leave the laptop computer at home.

"iBIZ is well-known for its innovative and practical mobile computing accessories. Adding our products to the iBIZ lineup makes perfect sense," added Steve Montellese, Chairman of the Board and Chief Technical Officer of VDI. "We look forward to combining the strengths of these two strong and customer-focused companies."

Ken Schilling, President and CEO of iBIZ, commented, "After careful due diligence we have concluded VDI adds significant value to our company through VDI's portfolio of innovative and forward-looking products, including a robust virtual keyboard design."

About Virtual Devices, Inc.

Virtual Devices, Inc., a Pittsburgh based company, was originally a leading supplier of Machine Vision quality control systems to industry. Based on this knowledge and background VDI developed and patented Virtual Keyboard and Input technology for use in portable computing devices. For more information visit www.virtualdevices.net or call 412-492-8500.

About iBIZ Technology Corp.

iBIZ is a leading manufacturer and distributor of accessories for personal digital assistant (PDA) and hand-held devices. iBIZ is recognized for innovative, high-quality, competitively priced products available through major retailers. For more information on iBIZ products and services, please visit www.ibizpda.com, email [e-mail], or call 1-800 234-0707.

SOURCE Virtual Devices, Inc.


CONTACT: Pete Hanowich of Virtual Devices, Inc., [phone]

URL: http://www.ibizcorp.com
http://www.virtualdevices.net
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