|By Business Wire||
|May 28, 2014 07:04 AM EDT||
5BARz International, Inc. (OTCQB: BARZ), (O5B.BE), (www.5BARz.com) ("5BARz" or “the Company"), a technology leader in “last mile wireless connectivity” solutions for mobile network operators around the world, issued a letter to its shareholders today.
Key Developments & Highlights of the Letter:
- 5BARz provided updates since the launch and commercialization of the 5BARz Network Extender device in Barcelona in Feb. 2014; the launch was met with extremely positive reception by the industry seeking solutions for improved coverage within their networks
- Continued discussions with collaboration partner for testing and qualifications on their network and is in preparation for product delivery in the near term
- Elaborated further on its product development, testing and qualifications to multiple network carriers in four market regions: LATAM, India, Africa, and the U.S.
- Reported on its previously announced manufacturing partnership with Flextronics, the world’s leading manufacturer of consumer electronic products, to expand 5BARz’ manufacturing capabilities to serve the rapidly growing global market demand
To read the Letter to Shareholders in full, please visit: http://ir.5barz.com/shareholder-letter.
About 5BARz International Inc.
The 5BARz International Inc. business is focused on the global commercialization of a patented product technology branded under the name 5BARz™. 5BARz™ is a cellular network infrastructure device for use in the small office, home or for when users are mobile. 5BARz™ incorporates a patented technology to create a highly engineered, single-piece, plug 'n play unit that strengthens weak cellular signals to deliver high quality signals for voice, data and video reception on cell phones and other cellular equipped devices. 5BARz™ represents a key solution for cellular network operators in providing clear, high quality signal for their subscribers with a growing need for high quality connectivity. 5BARz International Inc.'s shares are publicly traded on the OTCQB under the ticker symbol BARZ.
Legal Notice Regarding Forward-Looking Statements
The information contained in this release consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including all business uncertainties relating to product development, marketing, market acceptance, future capital requirements, and competition in general that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.