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Wireless Grids Corporation - RJE International Announce MOU Signed, to Design Market Trials of WGC Gridlet Solutions for Hotels and Gaming Loyalty Programs and Promotions.
Aug 04, 2010 (12:08 PM EDT)
AUSTIN, Texas, Aug. 4 /PRNewswire/ -- Wireless Grids Corporation (WGC) and RJE International, located in the Seneca Nation of Indians Cattaraugus Territory, signed a Memorandum of Understanding (MOU) today to undertake product trials of Wireless Grids Corporation's software products. Initial target markets for WGC and RJE include hotels and gaming loyalty programs and promotions.
WGC products powered by WGC's proprietary Magic Mirror™ platform enable communities of people and devices to dynamically interact. WGC gridlet solutions may enable RJE clients to manage and share information with Mobile Internet Devices, transforming hotel, gaming, and retail loyalty programs into dynamic social experiences, following the conclusion of a definitive agreement between the two firms. It is anticipated that social grid applications customized to serve the needs of different user communities for content, hardware, and services sharing, will be developed collaboratively. More information on partners and services will be released following the conclusion of a definitive agreement, expected by September, 2010.
WGC CEO John Andrews said: "WGC is excited to expand product testing into the hotels, gaming and retail sales loyalty program market, as firms now may look to RJE International to bring new, easier and more secure features to their information sharing systems. We look forward to providing RJE International customers with a rich and rewarding experience with their devices and RJE International customer content, products, and services. If this collaboration develops as we hope, we look forward to serving up to 12 million members of RJE's initial target markets hotel, gaming, and retail loyalty programs."
Ross John, President and Founder of RJE International and a duly enrolled Native American and Member of the Seneca Nation of Indians, said: "I am delighted RJE International will be among the first firms able to take advantage of Wireless Grids Corporations' product features to bring new ways of interacting with dynamic content, marketing information, and new products to our customers and business partners. We intend to help our own business and partners achieve our customer goals of making their loyalty programs a more rewarding and fun experience, drawing customers back time and again."
Syracuse University Associate Professor Lee McKnight, Director of the SU iSchool's Wireless Grids Lab, Principal Investigator of the National Science Foundation Partnerships for Innovation program-funded Wireless Grid Innovation Testbed (WiGiT) project, and Member, Board of Directors of WGC, said: "It is exciting to see such diverse concepts for early wireless grid applications emerge. We are also pleased both firms are participating in WiGiT, contributing to open specifications development to support this emerging market, and wireless grid community."
About Wireless Grids Corporation (WGC)
Wireless Grids Corporation (WGC) is a Delaware Corporation originally formed in Syracuse, New York in 2004 to develop and produce a revolutionary software solution that would transform computer networking, allowing devices the ability to seamlessly interact with little to zero configurations. WGC has been a pioneer in the Large Media viewer created content arena and has succeeded in building Relationships throughout Media, Mobile Phone Carriers and Cable operators. WGC, recognized as one of the '09 Wireless Companies to Watch' (Network World, 8/2008), was spun out of Syracuse University in 2004. WGC takes the complexity out of home or enterprise networking by liberating hardware, software, content and applications from technology silos and by putting power and freedom into the hands of end-users.
About RJE International
In 1983 Ross L. John, Sr., together with his family and community, began to establish a group of interrelated companies, now collectively referred to as Ross John Enterprises (RJE). RJE is 100% owned and operated by Mr. John, who serves as President and manages all aspects of its day-to-day operations. Today, RJE essentially serves as a holding company for more than 16 interrelated businesses: Each of which is majority owned and operated by Mr. John, who serves as President and manages all aspects of those companies' day-to-day operations. Ross L. John, Sr. was born and raised on the Seneca Nation of Indians Cattaraugus Territory, where he continues to reside with his family and operate his businesses.
Safe Harbor Statement: Forward-Looking Statements
This press release contains certain "forward-looking statements". Such statements include statements relating to the recent Grant awarded by the National Science Foundation to the company and other statements relating to future events or to the company's future financial performance and are not historical facts, including statements which may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the company. Actual results may differ materially from the expectations contained in the forward-looking statements. Factors that may cause such differences include the risks that: (i) the company may be unsuccessful in commercially developing its products or in achieving market acceptance of new and relatively unproven technologies; (ii) the company will need to raise additional capital to meet its business requirements in the future and the company may not be able to do so on reasonable terms or at all; (iii) the company's proprietary intellectual property rights may not adequately protect its products and technologies; and (iv) the company expects intense competition in its target markets, including from companies that have much greater resources than the company, and there can be no assurance that the company will be able to compete effectively. More detailed information about the company and the risk factors that may affect the realization of forward-looking statements is set forth in the company's Private Placement Memorandum. The company does not undertake to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
SOURCE Wireless Grids Corporation