Inforetech Wireless and Club Concepts, LLC Sign $7 Million Distribution Agreement for Southern Florida
VANCOUVER, British Columbia--April 8, 2003--Inforetech Wireless Technology Inc.(R) (OTCBB:WYRE, WYRE.BE) (Berlin:IIW.BE) a leading supplier of GPS technology for the golf industry, is pleased to announce that Club Concepts, LLC, has acquired distribution rights for the territory of southern Florida consisting of approximately 900 golf courses worth an estimated $7 million in retail value.Jupiter, Florida based Club Concepts affords its clients complete and specialized golf course management and operational services by combining innovative technology such as the Inforemer GPS Golf Management System with a "comprehensive suite of course solutions," according to Chief Executive Officer Mark Bennett. The territory includes some 900 golf courses, including a large number of prestige and high profile facilities, which Mr. Bennett affirms, "creates a seamless and synergistic opportunity for both companies." He continued, "We are in the business of providing our clients goal oriented results through knowledge, experience and the latest technology. Convenience is a function of modernization, and as technology moves both concepts forward, the Informer GPS Management System will undoubtedly be sought after by golf courses of all categories in South Florida and throughout the industry. I remain impressed with Inforetech's variety and quality of products, GPS yardage accuracy, graphics and management's vision and achievements thus far. The Inforemer is cutting edge technology that allows us to provide a competitive advantage for our clients and we are very excited about the Club Concepts / Inforetech Wireless alliance."
The unique features of the Inforemer system, including the ability to mix and match units and Inforetech's flexible pricing structure have changed the opinions of skeptics and moved the product further into the limelight, taking it from novelty to necessity in the eyes of distributors, managers and owners alike. Robert Silzer, Sr., CEO of Inforetech added, "The relationship between our distributors is key to evaluating, identifying and meeting the needs of their clients' courses and gauging the positive undercurrent of opinion regarding our product. We provide state-of-the-art GPS technology combined with flexible pricing and that is the bottom line for distributors like Mr. Bennett who maintain that GPS is unmistakably the future of golf."
About Inforetech Wireless Technology Inc.
Inforetech Wireless Technology uses global positioning systems (GPS) combined with high-speed wireless communications technology to deliver information systems for the golf industry. The company's product, the first patented communications network that utilizes advanced internet protocols to provide a wireless information system, enhances enjoyment, awareness and skill of the game, increases golf course profits and improves pace-of-play issue by placing functionality, convenience and user friendliness at your fingertips. The company's mission is to build and maintain a strong, viable position as an international supplier of GPS-based golf devices. Experience the future of golf -- today. Additional information can be obtained from the company's web site: www.inforetech.com.
About Club Concepts
Club Concepts, LLC is a professional golf management and marketing agency founded to deliver innovative advertising and operational services for golf courses, resorts and property developers. We provide turn key management services for our client facilities that include membership planning, operations oversight, comprehensive advertising development, property and project management as well as a suite of custom services designed to fit your needs. For further information please visit us on the web at www.club-concepts.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: The Company's ability to raise finance; global and market conditions within the golf industry; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Other brands and names contained in this release are the property of their respective owners.