SAN DIEGO--(BUSINESS WIRE)--Reissuing release to correct Release Summary Metadata.
The corrected release reads:
5BARZ COMMENCES ROLLOUT OF 5BARZ® NETWORK EXTENDER IN INDIA
We are pleased to announce that through our wholly owned subsidiary, 5BARz India pvt. Ltd., we have begun commercial rollout of the 5BARz® Network Extender in India. After several months of extensive field testing by the leading multinational Indian Telecom Operator and having successfully completed the vendor registration process, 5BARz India is now an approved vendor of the Operator. Further, 5BARz India got it's first set of purchase orders from this Operator for the 5BARz® Network Extender.
Samartha Nagabhushanam, 5BARz India CEO, stated, “We are extremely excited to be working on the commercialization of our revolutionary 5BARz® Network Extender in India. Currently, we are in the process of delivering the devices against our first set of purchase orders. We believe the 5BARz® Network Extender will provide an improved indoor user experience with mobile devices in areas in the network that have proven challenging in the past. This is a great beginning for the company.”
Dr. Gil Amelio, Chairman of 5BARz International, stated, “A recognized leader in the global telecommunications industry is adopting our product, and having them be the first in the industry to adopt our transformative product is very gratifying. I look forward to what we believe will be a rapidly growing adoption of the 5BARz® Network Extender throughout the global telecommunications industry in the coming months and years as the industry strives to meaningfully enhance user experience.”
Daniel Bland, CEO of 5BARz International, stated, “Reaching commercialization of the 5BARz® Network Extender is a major milestone in our company’s history. In addition to thanking Dr. Amelio for his steadfast guidance, I would like to thank Naresh Soni, our CTO, and his team of dedicated engineers in San Diego, as well as the engineering team in India, and everyone at 5BARz India for their tireless efforts in accomplishing this challenging task. Our next steps are to expand adoption in India and the rest of the world as fast as possible. This is just the beginning.”
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 OTCBB 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.