LAS VEGAS, Oct. 19 /PRNewswire-FirstCall/ -- Broadband Wireless International Corporation (Pink Sheets: BBAN) announced today that the company has begun early round discussions with Mr. Kenneth Andam in connection with HealthPitch, a (web based) healthcare management and communications company. Owing to a continuing business relationship connecting Mr. Andam and Mr. Michael Williams (interim CEO of BBAN), a series of good faith negotiations have commenced between BBAN and the respective parties. The end goal for Mr. Andam is the hope to bring forth an online solution for the healthcare industry.
Although all parties are open-minded to the consideration of an equitable deal moving forward, the principals of HealthPitch have made it clear in no uncertain terms that the key to any prospective agreement of understanding would center around BBAN's requirement to address several critical points of reference, including, but not limited to, the consideration of a reorganization and recapitalization plan, in order for a definitive agreement to be consummated by and between the two companies.
Stated Mr. Andam: "We look forward to the continuance of the open dialogue which has taken place thus far between Broadband Wireless and HealthPitch. I trust that such constructive interaction can set the stage for a more in-depth understanding of how our two companies might be able to benefit from a working relationship between one another. The market possibilities for HealthPitch are considerable, and the window of opportunity is upon us. We look forward to establishing a framework within which we can attempt to work with Broadband Wireless as we endeavor to deliver HealthPitch's services to the healthcare industry."
HealthPitch is a destination portal for personal healthcare management and communications. HealthPitch is owned by WorldVuer Inc, a leader in online optimized networking. HealthPitch delivers (to organizations, professionals, and consumers) a simple and flexible way to (i) manage online content, (ii) communicate using video, (iii) deliver multi-channel media interactivity, and (iv) provide rich internet applications to drive consumer loyalty.
The goal of HealthPitch is to create the world's preeminent personal health communications and information management system. HealthPitch's technology is built to help people achieve better health through education and increased cooperation with healthcare professionals. The website is also designed to help reduced healthcare costs through the limiting of the medical errors and fraud that plague our entire healthcare system.
About Broadband Wireless International Corporation
Broadband Wireless International Corporation is a dormant shell corporation that has no revenue, and no current business model. The company has been employing, and will continue to exercise, its best efforts while conducting widespread and extensive due diligence in the hopes of satisfying its current objectives of finding a suitable merger candidate.
Safe Harbor Forward-Looking Statements
This release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates and projections at the time the statements are made, and involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
|SOURCE Broadband Wireless International Corporation|
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