QuadTech International Launches Chinese Language Web Site
VANCOUVER, BC–Jun 15, 2006 — QuadTech International, Inc. (OTC BB: QTII), a global provider of leading-edge Internet and IP-based technology solutions, today announced that it has launched a Chinese language version of its web site as part of its efforts to penetrate the Chinese mine-safety market with its flagship product, iPMine.
Users can now access the web site at www.quadtechint.cn. The Chinese language web site also is accessible via www.ipackets.com, the web site of QuadTech’s technology partner, iPackets International (Other OTC:IPKL).
Like its English language counterpart, QuadTech’s Chinese web site contains all of the company’s latest product announcements and press releases, as well as general information about QuadTech’s Chinese distributors and related sales activity. It also provides a schedule of upcoming events, conferences, and trade shows in which QuadTech will participate.
“Ready access to information on iPMine’s features and benefits is central to QuadTech’s efforts to communicate the role and value of our product in fostering a safe work environment in the mining operations of our primary market,” said John Meier, president and chief executive officer at QuadTech. “We are pleased to announce that such information is now available in the Chinese language.”
About the Mining and Mine Safety Industries in China
China comprises more than 280,000 mining enterprises, of which 80,000 are state-owned. In February 2005, the Chinese State Administration of Work Safety mandated US$6.3 billion to be spent over the subsequent three years to improve mine safety at all state-owned mines. The Chinese government also is offering all mining enterprises, whether state-owned or privately-owned, a 15 percent tax credit incentive to upgrade mine safety technologies. Mine safety has been a major issue in the Chinese mining industry, with more than 6,000 miners killed in mining-related accidents in China last year; independent estimates say the real figure could be as high as 20,000. According to Chinese government statistics, more than 12.2 million people were employed as miners in 2005, and approximately 7.0 million of these were coal miners.
About iPMine
iPMine is a real-time two-way wireless communications solution designed to significantly improve the safety of miners and equipment in virtually any size mine. iPMine tracks, monitors, and communicates with miners and equipment underground and above ground. Location information of both miners and equipment is collected and displayed live on one or more monitoring stations against a background of a mine’s terrain map. iPMine’s scalability and flexibility features make it ideal to be deployed in any size mine supporting multiple levels and/or sites. iPMine’s redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment.
About QuadTech International, Inc.
QuadTech International, Inc. is a global provider of leading-edge Internet and IP-based technology solutions. It owns the exclusive worldwide sales and marketing rights for the iPMine System and aims to create value for its shareholders by making iPMine the leading global safety product for the mining industry. For more information, please visit www.quadtechint.com.
Legal Notice Regarding Forward-Looking Statements: Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management’s plans and objectives for future operations and management’s assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company’s future performance and are subject to a number of risks and uncertainties that could cause the company’s actual future results to differ materially from the forward-looking statements.
Contact:
Contact:
Panascope Capital
818-882-7722
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