Progress Watch Corporation develops new concept for ultra slim watches
ZURICH, Switzerland - Progress Watch Corporation (Pink Sheets: PROW), announces that it has developed a totally new concept for building ultra slim watches, with virtually unlimited possibilities for individual designs and shapes.
The new concept is designed specifically for the high end market to meet the industry's need for unique designs to stand apart from the competition. The concept will enable the finished watch manufacturers to design their own, proprietary methodology for displaying the time, as well as being totally flexible with respect to shape and functions.
To enable the new concept and design possibilities, the Progress Watch R&D department has developed and implemented new high tech technologies.
The company is currently in negotiations with a large watch manufacturer to develop specific versions based on the new concept, and is optimistic to sign a substantial contract for customer specific development and manufacture of the new movement in the near future.
The mechanical movement will be found in the top luxury brands. The precision mechanical movements will be manufactured entirely in Switzerland, and will meet the highest standards of the "Haute Horlogerie" brands.
Progress Watch Corporation (Pink Sheets: PROW) is a company dedicated to independently provide high end, innovative, reliable, stable, flexible and unique Swiss made mechanical watch movements to the elite of the Swiss watch industry.
This release contains certain forward-looking statements which involve known and unknown risks, uncertainties and other factors not under the Company's control which may cause actual results, performance, achievements of the Company to be materially different from the results and performance of expectations implied by these forward-looking statements. These factors include, but are not limited to, the limited liquidity and the limited operating history of the Company.
For further information, please contact:
Peter T. Gschwind,
President
Progress Watch Corporation,
Ryf 21,
CH-3280 Murten,
Switzerland
Tel.: +41-79-322 6541
Fax: +41-26-670 0934
e-mail: info@progresswatch.com
Web site : www.progresswatch.eu