CLARIFICATION of eWan1, Inc. Press Release on September 12th Entitled, ''eWan Contracts with ARM Technologies and JTAG Technologies to Provide for Secure Componentry for Its Patented AccessKey(TM)''. Check it out:
LOS ANGELES --(Business Wire)-- eWan1, Inc.(Pink Sheets:EWAN) wishes to issue the following clarification to its release, BW5918, (CA-EWAN1) "EWAN Contracts with ARM Technologies and JTAG Technologies to Provide for Secure Componentry for Its Patented AccessKey(TM)" issued Tuesday, September 12, 2006:
Upon review of the aforementioned press release it was determined by ARM Technology (LSE:ARM) (NASDAQ:ARMHY) that ARM did not authorize eWAN to reference ARM in its press release.
Additionally, within the same release, JTAG Technologies was referenced as being a supplier of the "primary operating system" for eWan's AccessKey(TM) technology-based products. This statement was both erroneous and misplaced, as there is no formal or informal relationship between JTAG Technologies and eWan.
George Stevens, eWan's CEO, commented, "We are truly sorry for any misstatements that eWan has made with respect to both of these highly regarded companies. With respect to ARM, we did not utilize the proper press release approval process, and as such did not have ARM's explicit permission to reference that company in the September 12th Press Release." He continued, "With respect to JTAG Technologies, eWan has neither a formal nor an informal relationship with JTAG. One of eWan's vendors has a similar moniker to that of JTAG Technologies, which was somehow erroneously replaced with JTAG's name during the editorial process. I truly apologize to both companies as well as our shareholder base and the investing community at-large for this oversight and any and all inconvenience this may have caused. We will shortly be correcting this error with the issue of a new release that accurately reflects and references our vendor relationships."
About eWan1, Inc.
eWAN is a developer of technology and equipment that enables the delivery of High-Definition (HD) quality video and television content to consumers over internet protocol (a revolution known as "IPtv" or television broadcasting over the Internet) and believes it is the first company with the ability to deliver Internet TV with the clarity of high definition to ordinary TV sets. The company's suite of advanced technology products, including its patented and proprietary AccessKey(TM)-powered flash drive-sized set-top box product, a portable version of the Company's wireless "Triple Play" Digital Media Center(TM), is unique in that it turns any computer into a television, enabling users to receive their favorite TV programming anywhere on earth by plugging the USB device and product into their laptop or home computer. Both the AccessKey(TM)-powered flash drive-sized set-top box product and the Triple Play set-top box(TM) enable traditional Internet access, telephone service (VoIP) and data and video capability including video conferencing. Additionally, the company's "IPtv cache" technology enables music channels that can play music and the corresponding video if it is available, as well as provide "time shifted" services such as the ability to record one program while watching another, similar to the offering of TiVo (NASDAQ:TIVO).
About ARM Technologies
ARM - The Architecture for the Digital World(TM). ARM Holdings pic (LSE:ARM); (Nasdaq:ARMHY), ranked by Dataquest as the number one semiconductor IP supplier in the world, emerged as a pre-eminent force in the semiconductor revolution. When ARM pioneered the concept of openly-licensable IP for the development of 32-bit RISC processor-based SoCs in the early 1990s, it changed the dynamics of the semiconductor industry forever. By licensing, rather than manufacturing and selling its chip technology, the company established a new business model that has redefined the way processors are designed, produced and sold. More importantly, ARM(R) technology has shaped a new era of next-generation electronics: ARM Powered(R) processors are pervasive in electronic products, driving key functions in a diverse variety of applications in key markets, including Home, Mobile, Enterprise, Embedded and Emerging. ARM licenses its IP to a network of Partners, which includes some of the world's leading semiconductor and system companies, including 19 out of the top 20 semiconductor vendors worldwide, as ranked by iSuppli Corp. These Partners utilize low-cost, power-efficient ARM processor designs to create processors, peripherals and SoC solutions.
About JTAG Technologies
JTAG Technologies is a market leader and technology innovator of boundary-scan software and hardware products and services. Its customers include world leaders in electronics design and manufacturing like Ericsson, Medtronic, Motorola, Nokia, Raytheon, Rockwell-Collins and Samsung. Its innovative boundary-scan (IEEE Standard 1149.1) products provide test preparation, test execution, test result analysis and in-system programming applications. With an installed base of over 4,000 systems worldwide, JTAG Technologies serves the communications, medical electronics, avionics, defense, automotive, and consumer industries. JTAG Technologies is headquartered in Eindhoven, The Netherlands with offices throughout North America, Europe and Asia. For more information visit: www.jtag.com
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 eWan1, 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 FURTHER INFORMATION, go to the Company's website at: http://www.ewan1.com, or contact: Brass Bulls Corp - (866) 342.2700, [email protected].
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