This is the newswire that I received this morning on my e-Trade account regarding Walmart and other news:
SpeechSwitch, Inc. (USOTC: SSWC) GREENSMART(TM) Sales and OtherProgress Reported; SEC Filings Update
Jul 27, 2010 10:23:32 (ET)
FLEMINGTON, NJ, Jul 27, 2010 (MARKETWIRE via COMTEX) -- Ken Glynn, President of SpeechSwitch, Inc. (PINKSHEETS: SSWC), announced today that the company has made tremendous progress in the development of its plans for growth and stability, as follows:
1. Sales: Walmart.com has requested that SpeechSwitch contract with one of
its two major distributors to enable it to sell the Kenergy iPhone/iPod
Solar Powered Recharger. Other products will be offered to Walmart.com
over the next two quarters.
2. Sales: An outdoor products retail chain has requested quotes for an
initial order of around 2400 Kenergy iPhone/iPod Solar Powered Recharger
units for initial store deployment, and has expressed interest in the
Kenergy Solar Powered K-Lantern.
3. Sales: Three new lines of full size backpacks, belly packs and women's
designer bags, all with built-in solar phone rechargers, will be offered
in this Fall's featured new products.
4. Sales: A long term lease is expected to be signed within the next week
for the Company's first GreenSmart(TM) retail store.
5. Patents: The second biodegradable disposable bandages patent application
will be filed August 1st as forecast, and the third application, with
co-inventor Dr. Alain Martin (of Listerine and Neosporin fame) is in
progress. A fourth application for a burn treatment wrap that favors
swelling in only one direction has been initialed. This product would
provide temporary artificial skin to burn victims, without the
problematic three dimensional swelling that has previously occurred with
absorbent burn wound dressings.
6. SEC: The Q3 2008, Q4-Annual 2008 and the Q1 2009 Sec 10Q documents will
be ready for outside audit this week. The Q2, Q3, Q4 2009 and Q1 and Q2
2010 documents are works in progress.
"Overall, everything is going better than anticipated. The long-term view of the company -- to have major wholesaling operations, multiple company retail stores and possible franchised stores, and to be debt-free by the end of 2011 -- still appears very realistic," stated Glynn.
Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
Contact:
Ken Glynn
908 788 0077
