CybeRelease: (OTC: GLGT) To Acquire AirSpeak
( CybeRelease, November 8, 2006 ) - Lake Harmony, PA - Global General Technologies (OTC BB: GLGT), through its subsidiary H7 Security Systems, Inc. plans to close the acquisition of AirSpeak, Inc. (“AirSpeak”) (www.airspeak.com) prior to the end of the year December 31, 2006. As previously announced, H7 signed a contract to acquire AirSpeak for a combination of cash, stock and the assumption of debt on January 31, 2006.
AirSpeak provides innovative mobile solutions and data access software for corporate users. AirSpeak’s target market constitutes information users who require immediate access to PCs and/or corporate databases on a real time basis. The wireless products AirSpeak has developed and is selling are designed to help companies be more effective and profitable by providing users with access to immediate information remotely in a secure, safe, and efficient manner. These products increase business productivity and efficiency inexpensively.
The multi-lingual AirSpeak FLAIR mobile tablet with 12-inch touch screen display and handwriting recognition provides wireless access to desktop PCs at an estimated price of $1,250 per unit. This access is not limited to the Internet, but to tools such as Word, Excel and PowerPoint - the same applications and data accessible via the familiar Windows(TM) desktop interface. The data access is a more secure process than using a traditional laptop because there is no hard drive in the FLAIR; sensitive information remains resident at the location of origin.
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