|TORONTO--(BUSINESS WIRE)--June 16, 2004--Pivotal Self-Service Technologies Inc. (OTCBB:PVSS - News) is pleased to announce that the Company's Annual General Meeting has been set for June 28, 2004. The Board of Directors has declared the record date as June 14, 2004 and the mailing of the meeting materials is scheduled for June 16, 2004. The Company is seeking shareholder approval for various proposals to enable the Company to close the previously announced Phantom Fiber Corporation acquisition.|
Jeff Halloran, President and CEO for Phantom Fiber stated, 'The stage has been set and we are confident that this transaction will be approved by the Pivotal shareholders. While Phantom Fiber continues to aggressively pursue new revenue opportunities, partnerships and market verticals, our active production pipeline has committed us to expand our headcount going forward. We are excited about the partnership opportunities that lie ahead and are very confident that Phantom Fiber can deliver shareholder value.'
John Simmonds, Chairman and CEO of Pivotal commented, 'I am glad that we now have the delays behind us and I look forward to the AGM. I am also pleased that Phantom Fiber has been able to move their business forward during the delay - it points toward the quality of their management'.
As the leading provider of secure wireless technology and mobile solutions, Phantom Fiber has launched an innovative wireless software framework that empowers enterprises to efficiently deploy commercial and productivity applications with high performance functionality onto java-enabled phones, smartphones and PDA phones across many communication platforms. Phantom Fiber delivers robust and secure, client / server applications, which are able to generate real revenue models and measurable returns. With solutions built for e-commerce, finance, field service, health and entertainment, the technology extends at anytime from anywhere to the hands of a mobile user. For more details on the company, technology and products, please visit www.phantomfiber.com.
This release includes projections of future results and 'forward-looking statements' as that term is defined in Sections 27A of the Securities Act of 1933 as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934 as amended (the 'Exchange Act'). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations are disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.
About Phantom Fiber Inc.
Phantom Fiber Inc., a wholly-owned subsidiary of Phantom Fiber Corporation, is the market leader in wireless technology and mobile solutions that empowers any application requiring high performance functionality on today's mobile devices and wireless data communication networks. Phantom Fiber's success is due to its unique ability to deliver a rich client experience without compromising on performance or security. Phantom Fiber extends the enterprise reach anytime, anywhere, on any device. For more information, please visit www.phantomfiber.com.
About Pivotal Self-Service Technologies Inc.
Pivotal Self-Service Technologies Inc., through its operating division Pivotec, is a distributor and sales representative of high quality electronic products. Pivotec is also preparing to launch the distribution of various license-based products. Pivotal through its wholly owned subsidiary Prime Battery Products Ltd. has an exclusive agreement for the distribution of the Konnoc brand of batteries and flashlights throughout North America.
FOR FURTHER INFORMATION PLEASE CONTACT:
Redwood Consultants LLC
OR Phantom Fiber Corporation
President and CEO