ASI Entertainment Royalties To Increase from New BizjetMobile iPad Mini App
SEATTLE--(BUSINESS WIRE)-- ASI Entertainment, Inc. (OTCQB:ASIQ) has been advised by ASiQ Limited, the licensee of its SafeCell intellectual property, that it has announced the release of a new BizjetMobile App for the Apple iPad Mini. The App is a unique messaging system, designed to mitigate the high cost of in-flight wi-fi and is currently operating globally on a Boeing 737-800 fitted with a full Inmarsat broadband wi-fi platform. Under the terms of the licensing agreement, ASI Entertainment will receive royalties from the new App.
The full text of the announcement is available at:
About the Company
ASI owns the intellectual property called SafeCell. The original SafeCell concept was developed to allow communications in aircraft by shutting down the primary cell phone transmitter and connecting via Bluetooth to a personal electronic devise, to primarily facilitate data communications. The technology currently focuses on Apps for Apple® devices.
ASiQ was licensed by the Company in May 2008, to commercialize the intellectual property, and from this license, the BizjetMobile system has evolved.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates," "may," "will," "should," "could," "expect," "intend," "project," and other terms with similar meaning. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the company's projections and expectations are disclosed in the company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
* Apple, the logo, iPhone and iPad are trademarks of Apple Inc., registered in U.S. and other countries.
ASI Entertainment, Inc.
Phil Shiels, +61 3 9016 3021
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