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Wi2Wi Corporation Announces its Audited Financial Results for the Year Ended December 31, 2012
Wi2Wi Corporation Announces its Audited Financial Results for the Year Ended December 31, 2012...
About this update from Wi2wi Corp.
[{"type":"text","content":"\nWi2Wi Corporation Announces its Audited Financial Results for the Year Ended December 31, 2012\n\nWi2Wi Corporation Announces its Audited Financial Results for the Year Ended December 31, 2012\nThis news release is not for dissemination in the United States or to U.S. persons.\nToronto, Ontario, May 02, 2013 /FSC/ - Wi2Wi Inc. (YTY - TSX Venture),(\"Wi2Wi\" or the \"Company\") is pleased to announce its audited financial results for the year ended December 31, 2012.  \nWi2Wi designs, manufactures and markets miniaturized embedded wireless connectivity solutions (incorporating both hardware and software) for premium industrial/medical, smart-home/smart building and government markets worldwide. These products and value added services provide highly integrated, multifunctional wireless sub systems for mobile applications of all forms for mobile devises.\n2012 was a transition year for the Company as it worked to complete the recent Reverse Take Over transaction between Wi2Wi and International Sovereign Energy Corp.  In addition, 2012 was also a product transition year as the Company developed and has now introduced a series of advanced products that should propel revenues strongly higher.   Additionally, the Company was impacted during 2012 by product constraints from suppliers.\nDr. Hans Black, Chairman of Wi2Wi stated \"The completion of the RTO has allowed us to embark on the next phase of our development.  We are proud of the products that the Company is offering its customers and feel that it will continue to add new clients in a variety of industrial, smart metering, medical and defense markets. \"\nDr. Reza Ahy, Chief Executive Officer stated that \"With the completion of the development of W2CBW0016, the world's smallest industrial-temperature WiFi & WiFi-Bluetooth SiP, the Company can proceed with production which is scheduled by the end of the third quarter of 2013.  Together with our Industrial-Class GPS (0008 & 0084) and Extended-Temperature WiFi & WiFi-Bluetooth SiP (0015), these constitute and excellent set of solutions for our market & customer needs\" \nHe further stated that \"This is coupled with re-building America's sales team and network of manufacturers' sales representatives, inclusive of eight new sales partners which has led to major New D...