BETHEL, Conn., Sept. 24 /PRNewswire/ -- BAXL Technologies Inc (OTC Bulletin Board: ALMN), a leading developer, manufacturer, and supplier of advanced networking solutions that enable the transmission of voice, data and video over existing wiring, announced that it has selected Allen & Caron Inc as its agency for investor relations and corporate communications.
"Over the past year we have made considerable progress in our business, and our momentum is growing," said Gus Bottazzi, BAXL Technologies CEO. "At this point, we believe it is the appropriate time to launch a proactive investor relations program to deliver our message to the investment community. We selected Allen & Caron because of its solid reputation and track record of successfully introducing fast-growing companies to new and broader audiences of institutional investors and other investment community professionals, which is an essential part of any plan to attract qualified investors."
"While its key target markets include the global Multi dwelling/Multi tenant, healthcare, hospitality, and education markets, the hospitality industry has been an early adopter of the BAXL technology solutions, with an impressive installed base of more than 30,000 units across 180 properties worldwide," said Joe Allen , Allen & Caron Chairman and CEO. "Its customers choose BAXL's comprehensive solution for its continuous fixed bandwidth, remote power and support of wired and wireless applications over existing wiring, and its solutions have proven to be virtually 99.99% effective - even under the worst wiring conditions, with no modems or power outlets required. With its niche market, best-in-class technology, and experienced senior management, we feel that as BAXL executes its post-merger strategy its prospects will be very interesting to institutional investors."
Ideal for any multi-unit structure that is more than ten years old (built before the introduction of Category 5 wiring), the Company's Merlot Solution branded family of products supports those organizations that want to offer advanced broadband services, but could not have done so otherwise. BAXL is the only technology solution available that delivers continuous connection speeds using existing building wiring, whether over twisted or untwisted copper pair or Category 5; incorporates Power over Ethernet (PoE) at the jack level to power ancillary devices, such as set top boxes, wireless access modems, digital phone sets; and converts analog signals to digital IP at the jack level to optimize wiring bandwidth for VoIP offerings. The Company's alternative technology solution is easy to install (with an installation time of just 10 minutes per room) and more cost-effective than some competitive technology, such as Digital Subscriber Lines (DSL), cable, or rewiring.
About Allen & Caron
Allen & Caron is a full-service corporate, investor and marketing communications agency serving the needs of public companies. The Allen & Caron international client base includes emerging growth companies in a range of industry segments. The firm has offices in Irvine, California; New York City ; and London ; maintains a presence in Paris ; and has an affiliate relationship with a leading investor relations firm in Italy , which has offices in Milan and Rome.
About BAXL Technologies Inc
BAXL Technologies, Inc, is a solutions provider enabling the reliable delivery of wired and wireless broadband applications including voice, video and data, over any existing wiring. BAXL's Merlot Solution is easy to install and use, yet powerful enough to fully utilize all the benefits of present day and future broadband applications with continuous fixed bandwidth. The Merlot Solution allows the delivery of advanced applications including High Speed Internet Access (HSIA), Video on Demand (VOD), Voice over Internet Protocol (VoIP) and Video Security & Surveillance, without the added expense of wire upgrades, or the need for modems or local power. BAXL's customers include many of the world's leading hotels, as well as multiple tenant properties and is marketed and sold through Telecom, Cable, Satellite and Technology Providers. Founded in 1997, BAXL is headquartered in Bethel, Connecticut. For more information please visit http://www.baxl.net.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements in this Press Release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These statements include, without limitation, statements concerning the impact of the settlement agreement on our future business prospects and our ability to successfully complete the commercialization of our product. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward- looking statements. Such risks and uncertainties include the risk that the settlement agreement will not produce the results we intend and all of the risks inherent in commercializing a new product (including technology risks, market risks, financial risks and implementation risks, as well as other risks and uncertainties affecting the Company, included in filings with the Securities and Exchange Commission, all of which are available at http://www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events, or otherwise.
SOURCE Allen & Caron Inc