WiFi Wireless, Inc. Information Update
ALISO VIEJO, CA--(Marketwire - October 7, 2009) - In an effort to keep shareholders and the
public informed, WiFi Wireless, Inc. (PINKSHEETS : WFWL ) (the company)
wishes to disclose the following information.
The Board of Directors has determined that it would be in the best interest
of the company not to seek a patent on the software of the cargo container
monitoring device and, instead, keep the IP a trade secret. It is felt that
this strategy will create the most value for the company, and will allow
the company to move forward with its business plan.
In addition, Lynn Peterson, President of WiFi Wireless, Inc., stated, "For
the past several months, 'WiFi' has been exploring a number of options that
would expedite the monetizing of our technology, and create the most value
for the shareholders. The Board of Directors concluded that there may be a
substantial benefit to be realized by entering into a joint venture or
strategic alliance with one or more industry players, and to pursue in
earnest, proposals from parties with the capabilities to deploy our
technology on a global scale."
About WiFi Wireless, Inc.
WiFi Wireless, Inc. develops leading edge, proprietary, technology driven,
satellite and wireless cargo container monitoring and tracking systems.
SEE LINK (www.wifiwirelessinc.com)
Safe Harbor Provision
This press release contains forward-looking statements. Forward-looking
statements are inherently subject to risks and uncertainties, some of which
cannot be predicted, or quantified. Future events and actual results could
differ materially from those set forth in, contemplated by, or underlying
the forward-looking statements.