ALBUQUERQUE, N.M., June 5, 2008 (PRIME NEWSWIRE) -- AccessKey IP, Inc., (Pink Sheets:AKYI) has engaged White Rhino Consulting, Inc. to assist and advise the company in becoming fully reporting with the intention of moving to the OTC Bulletin Board.
"This is a key step to add shareholder value and bring significant development capabilities to AccessKey," noted George Stevens, CEO. "Our shareholders deserve our best leadership efforts," he added.
Services provided to AccessKey by White Rhino Consulting will include assisting with the compilation, preparation and consolidation of financial statements; drafting of legal documents; and acting as an interface with the auditors and attorneys of AKYI. White Rhino Consulting has assisted several companies in their move from Pink Sheets to the OTC/BB.
The agreement will minimize the fees paid to the auditors by delivering financial statements that adhere with GAAP, as well as minimize attorney fees.
"For the quality and track record White Rhino Consulting brings to the table, it's worth the expense for the ultimate filing and approval by FINRA. This is a costly and lengthy process, but we are committed to this initiative. Positioning AccessKey to expand, to respond to new opportunities and to continue to enhance stockholder value is a complex process. Without a doubt we need to move from Pink Sheets to a much more sophisticated audience which in turn will leave any and all legacy issues behind. We need to expand our investor base and along with the significant initiatives we currently have on the table, will position the company to be taken much more seriously," Stevens added.
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" (voice, video and data) and "Quadruple Play" (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. Specialized functionality also allows users to 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.
The AccessKey IP logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4945
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 AccessKeyIP, 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.