MILPITAS, CA--(Marketwire - January 14, 2013) - AmbiCom Holdings, Inc. (OTCQB: ABHI), a leading designer and developer of wireless products for the medical and automotive industries, and a distributor of innovative healthcare products, today announced that they have signed a memorandum of understanding (MOU) with Taiwan-based Alamo Technology Service Co., Ltd., a private company. The agreement calls for both parties to establish a virtual joint venture and virtual entity in Taiwan for the operation of joint product development, introduction of business and future sales activities. The MOU is initially a virtual entity that will have no direct legal representation and will be located at the Alamo Technology Facility or other locations as determined by both AmbiCom Holdings, Inc. and Alamo Technology.
Alamo Technology Service Co., Ltd. focuses on serving small-size companies an ability to design and manufacture electronic devices that are highly creative and unique to the market. The company believes that it provides a win-win partnership with its clients through their qualified capability of purchasing, manufacturing and engineering cost-effective, state-of-the-art products with on-time delivery. More than simply an outsourcing entity, Alamo enters into a unique collaborative partnership with its clients.
About AmbiCom Holdings, Inc.
AmbiCom is headquartered in Milpitas, California, and is a leading designer and developer of wireless products focusing on the wireless medical and automotive industries. The Company's wireless modules and devices are based on the Company's innovative application software for both Wi-Fi and Bluetooth technologies. AmbiCom is committed to wireless design and development of software and hardware, and to bringing new and innovative products to the wireless medical markets and other sectors. AmbiCom also serves as a distributor for innovative healthcare products both in the US and abroad. The Company plans to grow organically, and to augment that growth by selectively acquiring complementary products and technologies via acquisition opportunities deemed to be of strategic value. For more information, visit www.ambicom.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.