ALBUQUERQUE, N.M., Nov. 11, 2008 (GLOBE NEWSWIRE) -- AccessKey IP, Inc. (Pink Sheets:AKYI), the developer, designer and producer of advanced entertainment, communications, and security devices, today announced that the Board of Directors has appointed Bruce Palmer as President of AKYI, filling an open position. According to George Stevens, CEO and Chairman of AccessKey IP, "I am very pleased to announce this appointment and expansion of Bruce's responsibilities in our organization. His background includes senior management and financial positions in major retail companies such as Circuit City as well as executive experience in several technology firms. As such, he brings unique insight and experience to this new role."
"I'm very excited about the future of AccessKey IP," stated Palmer. He continued, "The IPtv field is massive and rapidly expanding on a worldwide basis. Having been a prominent figure in the creation and implementation of our current joint venture and Set Top Box development initiative with CSI Digital, which I expect to be completed within the next few months, we are increasingly well-positioned to emerge as a significant IPtv player in the U.S. and internationally. Combining the opportunities of AccessKey IP as well as our Consumer Electronics subsidiary TeknoCreations, I look forward to substantial success in the months to come and I'm gratified by the confidence George Stevens and the AccessKey IP Board have placed in me."
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey(tm) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(tm) and portable flash drive-sized AccessKey PC(tm) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network. Its' wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of Consumer Electronics and Business security needs, TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.
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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 AccessKey IP, Inc. 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 INVESTOR INQUIRIES: Please visit the Company's website www.accesskeyip.com, or contact: Bruce Palmer, 310-734-4254.