Business & Finance
Business and Finance
Business and Finance
Thu, September 17, 2009 CelLynx Group, Inc. : CelLynx 5BARz Road Warrior Sales Begin
MISSION VIEJO, CA--(Marketwire - September 17, 2009) - CelLynx Group, Inc. (
The Company's first 5BARz Road Warrior sales are going to RepeaterStore.com, with whom CelLynx signed a comprehensive distribution agreement earlier this year that includes an initial purchase order for 10,000 5BARz Road Warrior devices. CelLynx is currently increasing 5BARz Road Warrior production with its contract manufacturers in Asia to meet demand with additional units scheduled for delivery to [ www.RepeaterStore.com ].
"We're excited about being the first to offer the CelLynx 5BARz Road Warrior booster to our customers," said RepeaterStore.com owner Sina Khanifar. "We've been testing and providing feedback throughout the design cycle to help align the product's specifications with our typical customer's needs. Now, in testing the mass production 5BARz Road Warrior, we find it significantly outperforms similar designs from other manufacturers, and fully expect that the 5BARz Road Warrior will become one of our most popular products."
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. RepeaterStore.com is building and servicing an e-commerce sales channel for CelLynx 5BARz cell signal boosters through its online catalog, ordering and fulfillment systems. It is will also be expanding CelLynx's online sales platform into other major online consumer websites and popular Internet consumer portals. The plug 'n play 5BARz Road Warrior device uses patent-pending technology designed to dramatically improve mobile phone signal reception in vehicles, or for mobile single-room coverage in conjunction with Bluetooth® devices.
Daniel Ash, CelLynx President and Chief Executive Officer, said, "Generating our first sales revenue is yet another major CelLynx milestone. We are quite pleased with the early 5BARz Road Warrior demand, sell through and consistently positive customer feedback. While CelLynx revenue recognition in the quarter ending September 30 will be modest, our real time experience selling into the consumer market supports the outlook for solid sales revenue growth in the fourth calendar quarter and beyond.
"E-commerce is proving to be the ideal channel to generate revenue and build the 5BARz brand, with repeaterstore.com and its staff of e-sales professionals doing a terrific job in sales and support," Mr. Ash added. "CelLynx continues aggressively working to expand distribution with leading regional and national resellers, retailers, specialty distributors and cellular OEM companies."
About CelLynx Group, Inc.
Headquartered in Mission Viejo, California, CelLynx produces and markets breakthrough plug 'n play cell phone signal amplification technology. (See [ www.cellynx.com ]). This next generation product, CelLynx 5BARz™ Road Warrior, is the first plug 'n play device 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.
