|CelLynx Signs U.S. Distribution Agreement With Ingram Micro|
2009-11-03 04:00 ET - News Release
MISSION VIEJO, CA -- (MARKET WIRE) -- 11/03/09
CelLynx Group, Inc. (OTCBB: CYNX), a producer and marketer of breakthrough, plug 'n play mobile phone signal-amplification devices, today announced it has signed an agreement with Santa Ana, California-based Ingram Micro Inc. to distribute the company's 5BARz(TM) line of mobile phone boosters. The new U.S. distribution agreement accelerates CelLynx Group's go-to-market channel strategy and expands the reach of its 5BARz product distribution to include all 50 states, D.C., U.S. Territories & Possessions, as well as Military Bases and U.S. Embassies abroad.
Ingram Micro Inc. is the world's largest technology distributor and a leading technology sales, marketing and logistics company. It offers a broad array of solutions and services to more than 170,000 resellers by distributing and marketing hundreds of thousands of IT products worldwide from more than 1,500 vendors.
CelLynx in September began initial sales of its plug 'n play 5BARz Road Warrior device amidst strong consumer interest and positive reviews. It uses patent-pending technology designed to end dropped voice calls and provide faster Internet connections for all mobile phones including iPhones, BlackBerrys, notebooks and netbooks.
Commenting on the Ingram Micro agreement, Barry M. George, CelLynx Chief Marketing Officer, said, "Securing a distribution agreement with the world's largest technology distributor is another important milestone for CelLynx as we continue to execute our plan and build an infrastructure to support major mass market distribution in North America. Ingram Micro is a strong partner that will play a critical role in the future of our global expansion."
"Worldwide proliferation of bandwidth-hungry mobile consumer devices continues unabated, far outstripping the capability of large network carriers to reliably delivery strong signal coverage -- especially indoors, in vehicles and in remote areas," Mr. George said. "The patent-pending, next generation 5BARz product line is proving to be the right product at the right time."
About Ingram Micro
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves approximately 150 countries and is the only global broad-based IT distributor with operations in Asia. Visit www.ingrammicro.com.
About CelLynx Group, Inc.
Headquartered in Mission Viejo, California, CelLynx produces and markets breakthrough plug 'n play cell phone signal amplification devices. (See www.cellynx.com). Its next generation product, CelLynx 5BARz(TM) Road Warrior, is the first plug 'n play device that strengthens weak cellular signals to deliver higher quality signals for voice, data and video reception on cell phones being used indoors or in vehicles.
Unlike competing technologies, CelLynx's patent-pending 5BARz technology does not require any installation, outside antennas or cables. It capitalizes on widespread customer dissatisfaction with indoor and vehicular cell phone coverage, and on the phenomenal worldwide growth of voice, data and video applications on cellular networks.
This news release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ include without limitation: whether the Company's technology will reach commercialization, the Company's limited operational history; requirement for and ability to raise capital; market acceptance of the Company's products; dependence on suppliers, third party manufacturers and other key vendors or partners; dependence on key personnel; continued enforceability of patent and trademark rights; and competition.
These risk factors are set forth in the Company's Form 8-K filed with the U.S. Securities and Exchange Commission on July 30, 2008 and may be covered in subsequent filings with the SEC. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as of the date of this press release. The Company undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.
Barry M. George