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Published in Stocks and Investing on Tuesday, May 19th 2009 at 12:13 GMT, Last Modified on 2009-05-19 12:14:36 by Market Wire
ALISO VIEJO, CA--(Marketwire - May 19, 2009) - WiFi Wireless, Inc. (
"WiFi Wireless, Inc. respects, but disagrees with, the jury verdict in the first phase of the trial of the case Avalon RF, Inc. vs. WiFi Wireless, Inc. In the second phase of the trial, the court denied Avalon's claims for punitive damages. WiFi Wireless, Inc. will pursue all viable legal options with the trial court, including moving for a new trial and a judgment notwithstanding the verdict. If it becomes necessary, WiFi Wireless, Inc. will also pursue its rights on appeal."
About WiFi Wireless, Inc.
WiFi Wireless, Inc. ([ www.wifiwirelessinc.com ]) develops leading edge, proprietary, technology driven, satellite and wireless cargo container monitoring and tracking systems. These systems provide security in an increasingly complex and vulnerable international supply chain. Along with the hardware system they designed, they have developed proprietary software that is an essential component of the infrastructure of cargo container monitoring systems. WiFi's software has the ability to interface between universally adopted and readily available hardware components, and has been proven to provide a link-level encryption to prevent unauthorized access. WiFi's software has the ability to be integrated on every ship with existing communications systems and existing hardware configurations, utilizing its software interface capabilities. WiFi's system can communicate large amounts of data regarding the condition and location of cargo containers, at a rapid rate, in multiple environmental conditions, in a real time format, and this information can be accessed anywhere in the world by using a satellite-Internet based monitoring system.
"SAFE HARBOR"
This press release contains forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. 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. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.
