HONG KONG, Jan. 21 /CNW/ - Mark Bruk, president of Kunekt Corporation
(OTCBB: KNKT), creator of the Kunekt global brand of affordably priced,
quality mobile devices, primarily smartphones and tablets, reported
today that the company has moved its headquarters to Hong Kong from the
United States. The company has made this move to take advantage of the
enormous growth opportunities for sales of mobile devices, specifically
smartphones and tablets, in China and India.
Bruk said that its new headquarters location in Hong Kong positions
Kunekt at the gateway of its biggest market opportunity, China. "In
the next few years, both the largest number of new mobile phone users
and the largest number of new purchases of mobile devices will be in
China and India, dwarfing sales in every other country in the world,"
Kunekt expects to start selling in China next month and in India and
other targeted emerging market economies soon thereafter. "We have
relationships in China and India that we expect will enable us to hit
the ground running," Bruk said, "a critical factor in entering these
highly desirable markets."
"We are in the infancy of a revolution in communications and everyone in
the world wants a smartphone, but most people can't afford one," he
said. "We intend to fill this void by becoming a global brand that
consumers can trust will deliver quality products and service at an
Though Kunekt will now be headquartered in Hong Kong, as a U.S.
Securities and Exchange Commission-registered company that is publicly
traded, this move will in no way affect Kunekt's responsibility to its
shareholders, according to Bruk. The company will continue to file all
SEC-required documents and will comply with all reporting requirements;
and its financial statements will continue to be prepared according to
U.S. Generally Accepted Accounting Principles.
Kunekt Corporation is a U.S. publicly traded company focused on
designing, building and marketing mobile phones as well as smartphones
and tablets powered by Google's Android mobile operating system. The
company's mission is to build a globally recognized brand in the mobile
device market and deliver smartphones and tablets at prices that are a
fraction of the industry leaders.
The company is listed on the OTC Bulletin Board under the symbol KNKT.
For more information about Kunekt and to sign up for email updates,
visit www.kunekt.com, and follow the company on Twitter and Facebook.
This news release contains "forward-looking statements". Statements in
this news release, which are not purely historical, are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future, such as the following:
(1) that Kunekt will become a globally-recognized brand in the mobile
device market; (2) that in the next few years, both the largest number
of new mobile phone users and the largest number of new purchases of
mobile devices will be in China and India; (3) that there are enormous
growth opportunities for sales of mobile devices, specifically
smartphones and tablets, in China and India; (4) that Kunekt will be
able to capitalize on this growth; (5) that Kunekt will be able to
manufacture, market and/or deliver mobile phones, smartphones and
tablets at a fraction of the price or industry leaders; and (6) that
the company will continue to file all SEC-required documents and will
comply with all reporting requirements. It is important to note that
actual outcomes and Kunekt's actual results could differ materially
from those in such forward-looking statements. Actual results could
differ from those projected in any forward-looking statements due to
numerous factors. Such factors include, among others: (1) the ability
of Kunekt to design, manufacture and market mobile phones, smartphones
and/or tablets at all and at a price less than the industry leaders;
(2) Kunekt's ability to remain competitive as other parties develop and
release competitive products; (3) Kunekt's ability to engage reliable
companies to manufacture mobile phones, smartphones and tablets; (4)
the ability of Kunekt to establish a recognized and/or global brand for
its mobile phones, smartphones and tablets; (5) the success by Kunekt
of the sales of its current and new products; (6) the impact of
technology changes on Kunekt's products and on the industry; (7)
general economic conditions as they affect Kunekt and its current and
prospective customers, including a continued downturn in general
economic conditions internationally; (8) the ability of Kunekt to
control costs operating, general administrative and other expenses; and
(9) insufficient investor interest in Kunekt's securities which may
impact on its ability to raise additional financing as required.
Readers should also refer to the risk disclosures outlined in Kunekt's
quarterly reports on Form 10-Q, annual reports on Form 10-K and
Kunekt's other disclosure documents filed from time-to-time with the
SEC at www.sec.gov and available on Kunekt's investor relations website
at www.kunekt.com. Additional information will also be set forth in our Annual Report on
Form 10-K for the year ended October 31, 2010, which we expect to file
with the SEC in January 2011.
All information provided in this release is as of January 21, 2011, and
Kunekt Corporation undertakes no duty to update this information.
Google and Android are the registered trademarks of Google. Facebook and
Twitter are trademarks or registered trademarks of their respective
SOURCE Kunekt Corporation
For further information:
Stern & Co.
Andrew J. Barwicki
Barwicki Investor Relations Inc.
Telephone: +1-877-4-KUNEKT (+1-877-458-6358)
ProActive Capital Resources Group LLC