THE WOODLANDS, TX -- 11/13/08 --
Hardwired Interactive, Inc., (PINKSHEETS: HDWR), an interactive social networking company, is pleased to update its
shareholders and the investment community on the developments that have
taken place since our reverse merger in August 2008 and its current status
as the Company continues to execute its business plan and corporate goals.
"We have generated tremendous interest over the last three months in our
technology platform and would like to outline for our current shareholders
and the investing public our technologies that will help us make the shift
from a developmental stage company to an operating emerging growth company
in early 2009. Now that we have a proven interest, we are entering the
final development phase for our platform -- internally called the 'HIP
Platform' or Hardwired Interactive Platform," commented Mark T. Wood,
Chairman and Chief Executive Officer of Hardwired Interactive, Inc.
The Company is currently developing two unique and integrated websites that
the Company anticipates will showcase the HIP Platform. The websites are
http://www.celldog.com and
http://www.launchpit.com. "Celldog is on track to launch in Q1 2009 and
Launchpit following shortly thereafter in Q2 2009. The websites are
designed to capture the multi-billion dollar opportunity created by the
social intersection of the ubiquitous cell phone and on-line entertainment
sector in the targeted 13-39 age demographic," commented Kevin E. Wright,
Chief Marketing Officer of Hardwired Interactive, Inc. "We will offer free
and paid socially networked messaging services, ring tones, wallpapers and
video licensed from top artists, studios, networks and athletes that have
loyal fan base followings in our desired demographics."
The Company believes the market for socially networked wireless
communication is one of the most untapped and underserved markets in
existence today. In the United States, there are over 255 million cell
phone users and over 150 million social network users. The Company
anticipates that bringing social networks and services to a cell phone user
will expand their use of our services to include on their cell phones,
greatly increasing our ability to sell targeted advertising and increasing
our revenue generation capability.
In August of this year, we conducted a 1 for 5 reverse stock split, which
was the first step in reaching an important public company goal: listing on
a national exchange. The Company's trading symbol has changed from KGTO to
HDWR and it has since commenced an investor awareness program to gain
exposure within the investment community. "We are moving forward with our
plan to gain a listing on the OTCBB in 2009 and our corporate restructuring
activities over the last three months were designed to help achieve that
goal," said Mr. Wood.
Hardwired has made significant progress over the last three months and is
focused on executing its business plan and building value for its
shareholders. "Everyone at Hardwired is excited and confident in our
ability as a company to launch operations and grow to our full potential.
We have made progress towards that goal and are looking forward to
rewarding our shareholders in the coming years," Mr. Wood concluded.
About Hardwired Interactive
Hardwired Interactive, Inc., creates market driven programs, social
networks and websites that work 24/7 to transform static on-line social
environments and websites into exciting and ubiquitous revenue generating
and information sharing portals. Hardwired's products range from simple
"install it yourself" widgets, websites, social networks and programs to
complete turnkey solutions for larger corporate needs. For more info visit
Hardwired Interactive's website at http://www.hdwrd.com.
Safe Harbor Statement:
The above news release contains forward-looking statements. These
statements are based on assumptions that management believes are reasonable
based on currently available information, and include statements regarding
the intent, belief or current expectations of the Company and its
management. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performances, and
are subject to a wide range of business risks, external factors and
uncertainties. Actual results may differ materially from those indicated by
such forward-looking statements. The Company assumes no obligation to
update the information contained in this press release, whether as a result
of new information, future events, or otherwise.
Contact:
Kevin Wright
pr@hdwrd.com
281-825-8270
