Business & Finance
Business and Finance
Business and Finance
Tue, March 24, 2009
Mon, March 23, 2009 Cellynx Group, Inc.: CelLynx Receives Initial Purchase Order for 10,000 5BARz Universal Units; Company Signs Agreement for E-Co
MISSION VIEJO, CA--(Marketwire - March 23, 2009) - CelLynx Group, Inc. (
Based in Laguna Hills, California, Repeaterstore.com is one of the leading e-commerce stores for various wireless boosters and repeaters at prices ranging from $129 to $1,999. Under the terms of the agreement, RepeaterStore.com will establish and service an e-commerce sales channel for CelLynx 5BARz cell signal boosters through its online catalog, ordering and fulfillment systems. RepeaterStore.com will also develop a dedicated e-commerce site for CelLynx products named, "CelLynxStore.com."
RepeaterStore.com will advertise, promote, fulfill and provide customer service for CelLynx 5BARz products on its existing site, the soon-to-be-launched CelLynxStore.com, as well as on other third-party sites such as Amazon.com and Buy.com. CelLynx expects to begin shipment of the Universal Unit in the second quarter of this year.
RepeaterStore.com has issued CelLynx an initial purchase order for 10,000 of the company's mobile 5BARz Universal Units. The plug 'n play Universal Unit uses patent pending technology designed to dramatically improve cell phone signal reception in vehicles, or for single-room use in conjunction with Bluetooth® devices.
"The exceptional performance of CelLynx 5BARz products set a new standard for the cell signal repeater industry," said RepeaterStore.com owner Sina Khanifar. "Its plug and play performance rivals that of our most expensive vehicle repeaters -- which require professional installation -- and that range in price from an average $275 on up to $599. At a suggested retail price of $299, 5BARz is competitively priced, and both the technical specifications and real life in-vehicle performance tests show that 5BARz delivers outstanding performance. I believe CelLynx's new 5BARz unit has strong potential to become one of our top sellers."
Daniel Ash, CelLynx President and Chief Executive Officer, said, "It has been an exciting journey from CelLynx inception to our first commercial order, and I am more confident than ever on the prospects for the 5BARz product line. A rapidly growing number of high performance cell phones are hungry for high-speed data and video transmission, while major cell carriers and tens of millions of their customers continue to be plagued by poor cell signal coverage."
"E-commerce is the logical market channel for 5BARz to generate significant cash flow and to quickly develop our brand. We are off to an excellent start and I have full confidence in Sina and his highly experienced team of e-sales professionals at RepeaterStore," Mr. Ash added. "CelLynx is actively working to expand distribution and is in advanced discussions with leading regional and national retailers and specialty distributors."
About CelLynx Group, Inc.
Headquartered in Mission Viejo, California, CelLynx produces, and has begun to market, breakthrough plug 'n play cell phone signal amplification technology. (See [ www.cellynx.com ]). This next generation product, CelLynx 5BARz™, is the first single piece unit that strengthens weak cellular signals to deliver higher quality signals for voice, data and video reception on cell phones being used indoors or in vehicles.
Unlike competing technologies, CelLynx's patent pending 5BARz™ technology does not require any installation, outside antennas or cables. It capitalizes on widespread customer dissatisfaction with indoor and vehicular cell phone coverage, and on the phenomenal worldwide growth of voice, data and video applications on cellular networks.
Forward-Looking Statement
This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ include without limitation: whether the Company's technology will reach commercialization, the Company's limited operational history; requirement for and ability to raise capital; market acceptance of the Company's products; dependence on suppliers, third party manufacturers and other key vendors or partners; dependence on key personnel; continued enforceability of patent and trademark rights; and competition.
These risk factors are set forth in the Company's Form 8-K filed with the U.S. Securities and Exchange Commission on July 30, 2008 and may be covered in subsequent filings with the SEC. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as of the date of this press release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
