Message #4 From:
NewsBot Date: July 24, 2006 06:00:00 AM
PWHT News Migo Software Signs Agreement With TSR Storage; Migo Forms an OEM Partnership With TSR Storage for Hard Disk Drive Products
REDWOOD CITY, Calif.--(BUSINESS WIRE)--July 24, 2006--Migo Software (OTCBB:PWHT) today announced the signing of a distribution and marketing agreement with TSR Storage (TSR), a leader of innovative system solutions for wide-range storage products. The agreement enables TSR to combine the Company's award-winning Migo(R) mobile computing software with its leading-edge hard drives, which TSR offers to system integrators, distributors and OEM/ODM customers worldwide.
Under the terms of the agreement, Migo Software will develop and adapt its Migo mobile computing synchronization and security software to run on specified TSR hard drives, and TSR will promote and market those Migo-branded products through its sales force in the US, Canada, China, Singapore, Taiwan and Thailand.
Commenting on the partnership, Kent Heyman, CEO of Migo Software, said, "Migo Software is pleased to join forces with TSR Storage. The combination of our innovative Migo software and TSR's leading-edge complete storage solutions will deliver a very useful tool to customers seeking secure, effective and easy to use mobile computing solutions."
"TSR Storage prides itself in offering its customers creative, practical solutions to their computing needs," stated Patrick Chan, CEO TSR Storage. "We evaluated several different mobile computing software solutions and found Migo to be the best software available on the market. By joining forces with Migo Software, we can now offer the ultimate in secure mobile storage solutions to our customers around the world."
About TSR Storage
Based in New York City, TSR Storage (http://www.tsrusa.com/tsrstorage/abtus.htm) designs and manufactures complete storage solutions, offering leading-edge technology to system integrators, distributors and OEM/ODM customers worldwide.
About Migo Software
Headquartered in Redwood City, CA, Migo Software, a trade name of PowerHouse Technologies Group, Inc., is a global provider of mobile computing software. With its patent-pending technology, the Company's award-winning Migo(R) mobile computing software increases business and personal computing portability, offering an information management solution for systems running Microsoft(R) Windows and Outlook email.
Migo Software's website (www.migosoftware.com) provides additional information on the full line of Migo mobile computing products. For further information on this press release, please contact David Wainwright at dwainwright@migosoftware.com or 847.884.8656.
NOTE: Migo(R) is a registered trademark of PowerHouse Technologies Group, Inc., dba Migo Software. All other company and product names mentioned may be trademarks or registered trademarks of their respective holders and are used for identification purposes only.
Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this press release that are not historical facts, including those statements that refer to Migo Software's plans, prospects, expectations, strategies, intentions, hopes and beliefs and the expected benefits of the use of Migo Software products are forward-looking statements. These forward-looking statements are not historical facts and are only estimates or predictions. Actual results may differ materially from those projected as a result of risks and uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings. These risks include, but are not limited to, risks related to: the effect of global economic conditions in general and conditions in the Company's industry and target markets in particular; shifts in supply and demand; commercialization and technological difficulties; capacity and supply constraints including dependence on flash component suppliers; changes in the Company's and its customers' inventory levels and in inventory valuations; timely product and technology development/upgrades and the ability to manage changes in market conditions as needed; market acceptance of new products and continuing product demand; the impact of competitive products and pricing on the Company's and its customers' products and markets; development, release and sales of new products by strategic suppliers and customers; and development and growth of anticipated markets for the Company's and its customers' products. Any forward-looking statements are based on information available to the company today and the company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information, or otherwise. Reference to the Company's website above does not constitute incorporation of any of the information thereon into this press release.
